Chewy, Inc.

NYSE:CHWY Stock Report

Market Cap: US$13.3b

Chewy Valuation

Is CHWY undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of CHWY when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: CHWY ($31.85) is trading below our estimate of fair value ($44.47)

Significantly Below Fair Value: CHWY is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for CHWY?

Key metric: As CHWY is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for CHWY. This is calculated by dividing CHWY's market cap by their current earnings.
What is CHWY's PE Ratio?
PE Ratio36.7x
EarningsUS$362.53m
Market CapUS$13.26b

Price to Earnings Ratio vs Peers

How does CHWY's PE Ratio compare to its peers?

The above table shows the PE ratio for CHWY vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average15.5x
ULTA Ulta Beauty
13.8x-0.8%US$17.2b
DKS DICK'S Sporting Goods
14.4x3.8%US$16.1b
TSCO Tractor Supply
26.6x7.2%US$29.5b
BBWI Bath & Body Works
7.4x-0.2%US$6.9b
CHWY Chewy
36.7x-0.3%US$13.3b

Price-To-Earnings vs Peers: CHWY is expensive based on its Price-To-Earnings Ratio (36.7x) compared to the peer average (15.5x).

Price to Earnings Ratio vs Industry

How does CHWY's PE Ratio compare vs other companies in the US Specialty Retail Industry?

5 CompaniesPrice / EarningsEstimated GrowthMarket Cap
TKLF Tokyo Lifestyle
1.7xn/aUS$11.23m
SSOK Sunstock
1.8xn/aUS$771.79k
MASN Maison Luxe
0.08xn/aUS$144.03k
EXPR.Q Express
0.000002xn/aUS$11.24k
CHWY 36.7xIndustry Avg. 15.8xNo. of Companies11PE01224364860+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: CHWY is expensive based on its Price-To-Earnings Ratio (36.7x) compared to the US Specialty Retail industry average (15.8x).

Price to Earnings Ratio vs Fair Ratio

What is CHWY's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

CHWY PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio36.7x
Fair PE Ratio18.3x

Price-To-Earnings vs Fair Ratio: CHWY is expensive based on its Price-To-Earnings Ratio (36.7x) compared to the estimated Fair Price-To-Earnings Ratio (18.3x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst CHWY forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$31.85
US$32.47
+1.9%
13.7%US$40.00US$24.00n/a21
Nov ’25US$27.12
US$31.61
+16.6%
12.2%US$38.00US$24.00n/a21
Oct ’25US$29.36
US$31.23
+6.4%
11.5%US$35.00US$24.00n/a21
Sep ’25US$28.55
US$31.02
+8.6%
12.0%US$35.00US$24.00n/a21
Aug ’25US$23.25
US$26.54
+14.1%
17.7%US$35.00US$18.50n/a22
Jul ’25US$25.44
US$26.17
+2.9%
19.5%US$35.00US$16.00n/a23
Jun ’25US$21.21
US$25.12
+18.5%
17.9%US$35.00US$16.00n/a23
May ’25US$15.05
US$23.53
+56.3%
18.5%US$32.00US$16.00n/a25
Apr ’25US$16.09
US$23.65
+47.0%
17.7%US$32.00US$16.50n/a25
Mar ’25US$18.03
US$25.44
+41.1%
20.8%US$36.00US$17.00n/a24
Feb ’25US$17.90
US$25.44
+42.1%
20.8%US$36.00US$17.00n/a24
Jan ’25US$23.63
US$25.22
+6.7%
23.5%US$40.00US$15.00n/a24
Dec ’24US$18.32
US$32.86
+79.4%
28.5%US$48.00US$16.00n/a22
Nov ’24US$19.14
US$34.00
+77.6%
25.6%US$48.00US$16.00US$27.1222
Oct ’24US$18.26
US$35.85
+96.3%
20.2%US$50.00US$25.00US$29.3621
Sep ’24US$24.67
US$36.14
+46.5%
19.1%US$50.00US$25.00US$28.5522
Aug ’24US$33.56
US$44.39
+32.3%
18.4%US$56.00US$26.00US$23.2523
Jul ’24US$39.47
US$44.04
+11.6%
18.4%US$56.00US$26.00US$25.4423
Jun ’24US$35.85
US$44.68
+24.6%
18.6%US$57.00US$26.00US$21.2125
May ’24US$31.45
US$44.75
+42.3%
20.0%US$57.00US$24.00US$15.0524
Apr ’24US$37.38
US$44.87
+20.0%
20.2%US$57.00US$24.00US$16.0923
Mar ’24US$39.54
US$47.05
+19.0%
18.4%US$57.00US$24.00US$18.0322
Feb ’24US$47.02
US$47.10
+0.2%
18.8%US$57.00US$24.00US$17.9021
Jan ’24US$37.08
US$46.19
+24.6%
19.4%US$57.00US$24.00US$23.6321
Dec ’23US$44.35
US$44.21
-0.3%
21.2%US$57.00US$24.00US$18.3221
Nov ’23US$38.05
US$43.74
+14.9%
21.3%US$57.00US$24.00US$19.1421

Analyst Forecast: Target price is less than 20% higher than the current share price.

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