First Watch Restaurant (FWRG)

P/B ratio as of December 2025 : 1.64

According to First Watch Restaurant's latest financial reports the company has a price-to-book ratio of 0.850683.
The price-to-book ratio is a way to measure how much the stock market thinks a company is worth compared to how much the company says its assets are worth on paper.

First Watch Restaurant - P/B ratio (from 2021 to 2025)

P/B ratio by year

Year	P/B ratio	Change
2025-12-31	N/A	-100%
2024-12-31	1.90	-11.19%
2023-12-31	2.14	39.91%
2022-12-31	1.53	-21.96%
2021-12-31	1.96
2020-12-31	N/A

What is the market capitalization of a company?

The market capitalization sometimes referred as Marketcap, is the value of a publicly listed company.
In most cases it can be easily calculated by multiplying the share price with the amount of outstanding shares.

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First Watch Restaurant (FWRG) - P/B ratio