GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » First Watch Restaurant Group Inc (NAS:FWRG) » Definitions » PE Ratio

FWRG (First Watch Restaurant Group) PE Ratio : 58.94 (As of Dec. 12, 2024)


View and export this data going back to 2021. Start your Free Trial

What is First Watch Restaurant Group PE Ratio?

The PE Ratio, or Price-to-Earnings ratio, or P/E Ratio, is a financial ratio used to compare a company's market price to its Earnings per Share (Diluted). As of today (2024-12-12), First Watch Restaurant Group's share price is $19.45. First Watch Restaurant Group's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Sep. 2024 was $0.33. Therefore, First Watch Restaurant Group's PE Ratio for today is 58.94.

Warning Sign:

First Watch Restaurant Group Inc stock PE Ratio (=59.94) is close to 1-year high of 65.92

During the past 5 years, First Watch Restaurant Group's highest PE Ratio was 333.33. The lowest was 38.51. And the median was 69.12.

First Watch Restaurant Group's EPS (Diluted) for the three months ended in Sep. 2024 was $0.03. Its EPS (Diluted) for the trailing twelve months (TTM) ended in Sep. 2024 was $0.33.

As of today (2024-12-12), First Watch Restaurant Group's share price is $19.45. First Watch Restaurant Group's EPS without NRI for the trailing twelve months (TTM) ended in Sep. 2024 was $0.37. Therefore, First Watch Restaurant Group's PE Ratio without NRI ratio for today is 52.57.

During the past 5 years, First Watch Restaurant Group's highest PE Ratio without NRI was 430.23. The lowest was 34.53. And the median was 56.02.

First Watch Restaurant Group's EPS without NRI for the three months ended in Sep. 2024 was $0.04. Its EPS without NRI for the trailing twelve months (TTM) ended in Sep. 2024 was $0.37.

During the past 12 months, First Watch Restaurant Group's average EPS without NRI Growth Rate was -10.40% per year.

First Watch Restaurant Group's EPS (Basic) for the three months ended in Sep. 2024 was $0.03. Its EPS (Basic) for the trailing twelve months (TTM) ended in Sep. 2024 was $0.35.

Back to Basics: PE Ratio


First Watch Restaurant Group PE Ratio Historical Data

The historical data trend for First Watch Restaurant Group's PE Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

First Watch Restaurant Group PE Ratio Chart

First Watch Restaurant Group Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
PE Ratio
N/A N/A At Loss 123.00 49.02

First Watch Restaurant Group Quarterly Data
Dec19 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
PE Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 48.03 49.02 64.79 45.03 47.27

Competitive Comparison of First Watch Restaurant Group's PE Ratio

For the Restaurants subindustry, First Watch Restaurant Group's PE Ratio, along with its competitors' market caps and PE Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


First Watch Restaurant Group's PE Ratio Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, First Watch Restaurant Group's PE Ratio distribution charts can be found below:

* The bar in red indicates where First Watch Restaurant Group's PE Ratio falls into.



First Watch Restaurant Group PE Ratio Calculation

The PE Ratio, or Price-to-Earnings ratio, or P/E Ratio, is a financial ratio used to compare a company's market price to its Earnings per Share (Diluted). It is the most widely used ratio in the valuation of stocks.

First Watch Restaurant Group's PE Ratio for today is calculated as

PE Ratio=Share Price/Earnings per Share (Diluted) (TTM)
=19.45/0.330
=58.94

First Watch Restaurant Group's Share Price of today is $19.45.
First Watch Restaurant Group's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.33.


* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

It can also be calculated from the numbers for the whole company:


There are at least three kinds of PE Ratios used by different investors. They are Trailing Twelve Month PE Ratio, Forward PE Ratio, or PE Ratio without NRI. A new PE Ratio based on inflation-adjusted normalized PE Ratio is called Shiller PE Ratio, after Yale professor Robert Shiller.

In the calculation of PE Ratio, the earnings per share used are the earnings per share over the past 12 months. For Forward PE Ratio, the earnings are the expected earnings for the next twelve months. In the case of PE Ratio without NRI, the reported earnings less the non-recurring items are used.

For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. Since it looks at the average over the last 10 years, Shiller PE Ratio is also called PE10.


First Watch Restaurant Group  (NAS:FWRG) PE Ratio Explanation

The PE Ratio can be viewed as the number of years it takes for the company to earn back the price you pay for the stock. For example, if a company earns $2 a share per year, and the stock is traded at $30, the PE Ratio is 15. Therefore it takes 15 years for the company to earn back the $30 you paid for its stock, assuming the earnings stays constant over the next 15 years.

In real business, earnings never stay constant. If a company can grow its earnings, it takes fewer years for the company to earn back the price you pay for the stock. If a company's earnings decline it takes more years. As a shareholder, you want the company to earn back the price you pay as soon as possible. Therefore, lower P/E stocks are more attractive than higher P/E stocks so long as the PE Ratio is positive. Also for stocks with the same PE Ratio, the one with faster growth business is more attractive.

If a company loses money, the PE Ratio becomes meaningless.

To compare stocks with different growth rates, Peter Lynch invented a ratio called PEG Ratio. PEG Ratio is defined as the PE Ratio divided by the growth ratio. He thinks a company with a PE Ratio equal to its growth rate is fairly valued. Still he said he would rather buy a company growing 20% a year with a PE Ratio of 20, instead of a company growing 10% a year with a PE Ratio of 10.

Because the PE Ratio measures how long it takes to earn back the price you pay, the PE Ratio can be applied to the stocks across different industries. That is why it is the one of the most important and widely used indicators for the valuation of stocks.

Similar to the PE Ratio without NRI or PS Ratio or Price-to-Operating-Cash-Flow or Price-to-Free-Cash-Flow , the PE Ratio measures the valuation based on the earning power of the company. This is where it is different from the PB Ratio , which measures the valuation based on the company's balance sheet.


Be Aware

Investors need to be aware that the PE Ratio can be misleading a lot of times, especially when the underlying business is cyclical and unpredictable. As Peter Lynch pointed out, cyclical businesses have higher profit margins at the peaks of the business cycles. Their earnings are high and PE Ratios are artificially low. It is usually a bad idea to buy a cyclical business when the PE Ratio is low. A better ratio to identify the time to buy a cyclical businesses is the PS Ratio.

PE Ratio can also be affected by non-recurring-items such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio.


First Watch Restaurant Group PE Ratio Related Terms

Thank you for viewing the detailed overview of First Watch Restaurant Group's PE Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


First Watch Restaurant Group Business Description

Traded in Other Exchanges
N/A
Address
8725 Pendery Place, Suite 201, Bradenton, FL, USA, 34201
First Watch Restaurant Group Inc is a daytime restaurant concept serving made-to-order breakfast, brunch, and lunch using fresh ingredients. It generates revenues from Restaurant sales and Franchise revenues.
Executives
Advent International Corp/ma 10 percent owner 800 BOYLSTON STREET SUITE 3300, BOSTON MA 02199
Advent Partners Gpe Viii Limited Partnership 10 percent owner C/O ADVENT INTERNATIONAL CORPORATION, 800 BOYLSON STREET, SUITE 3300, BOSTON MA 02199
Advent International Gpe Viii-i Limited Partnership 10 percent owner 800 BOYLSTON STREET, SUITE 3300, BOSTON MA 02199
William A Kussell director C/O ADVENT INTERNATIONAL CORPORATION, 75 STATE STREET 29TH FLOOR, BOSTON MA 02109
Jay Anthony Wolszczak officer: General Counsel and Secretary C/O FIRST WATCH RESTAURANT GROUP, INC., 8725 PENDERY PLACE, SUITE 201, BRADENTON FL 34201
Matthew Eisenacher officer: Chief Brand Officer 8725 PENDERY PLACE, STE. 201, BRADENTON FL 34201
John Daniel Jones officer: Chief Operations Officer C/O FIRST WATCH RESTAURANT GROUP, INC., 8725 PENDERY PLACE, SUITE 201, BRADENTON FL 34201
Laura Anne Sorensen officer: Chief People Officer C/O FIRST WATCH RESTAURANT GROUP, INC., 8725 PENDERY PLACE, SUITE 201, BRADENTON FL 34201
David Paresky director ADVENT INTERNATIONAL, PRUDENTIAL TOWER, 800 BOYLSTON STREET, BOSTON MA 02199
Tricia Glynn director C/O ADVENT INERNATIONAL CORPORATION, PRUDENTIAL TOWER, 800 BOYLSTON STREET, BOSTON MA 02199
Eric Richard Hartman officer: Chief Development Officer C/O FIRST WATCH RESTAURANT GROUP, INC., 8725 PENDERY PLACE, SUITE 201, BRADENTON FL 34201
Christopher Anthony Tomasso director, officer: President and CEO C/O FIRST WATCH RESTAURANT GROUP, INC., 8725 PENDERY PLACE, SUITE 201, BRADENTON FL 34201
Hope H Melville Iii officer: CFO and Treasurer AFC ENTERPRISES INC, SIX CONCOURSE PKWY STE 1700, ATLANTA GA 30328-5352
Irene Chang Britt director CAMPBELL SOUP COMPANY, ONE CAMPBELL PLACE, CAMDEN NJ 08103
Advent International Gp, Llc 10 percent owner 800 BOYLSTON STREET SUITE 3300, BOSTON MA 02199