Chewy Inc (CHWY) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Chewy Inc stock $13.06, price $22.56, that is 42.1% below the price, quality 63 out of 100. Rating: strongly overvalued. Calculated from audited financials with 24 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.
How to read this chart
60‑month range $14.99 – $95.70 · fair‑value band $9.14 – $16.98 · the $22.56 price screens above the $13.06 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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Chewy, Inc., together with its subsidiaries, engages in the e-commerce business in the United States. It offers pet food and treats, pet supplies and pet medications, and other pet-health products, as well as pet services.
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The company serves its customer through its retail websites and mobile applications, including Autoship subscription program. Chewy, Inc. was founded in 2010 and is based in Plantation, Florida.
Stock analysis
Chewy Inc (CHWY) currently trades at $22.56, while our model-based Fair Value estimate is $13.06, 42% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of $24.16 per share, and 3 of the 24 models we run sit above the $22.56 price.
Bear case: the Economic Profit group reads lowest at $5.62, and 21 of the 24 models stay below the price. Data coverage for this calculation is medium.
Scenario range: $9.14 (bear) to $16.98 (bull), the price of $22.56 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 63/100 (solid quality), in the Consumer Cyclical sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Chewy Inc reported revenue of $12.6B in FY2026 versus $9.0B in FY2022, a compound +8.9%/yr. Reported net income was $223M in FY2026.
Key figures
Market cap $9.6B Mid · P/E ratio 32.8 · P/S ratio 0.74 · EPS (TTM) $0.6500 · Net margin 2.1% · Return on equity 72.0% · Return on assets (EBIT) 1.8% (5-year average) · Operating margin 2.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 52 out of 100 (low confidence).
What moves the price
The last reported earnings sit well below what analysts expect (earnings in transition, for example after write-downs or an earnings dip); whether the stock is cheap or expensive hinges on the expected recovery actually arriving. Read the fair value with that caveat.
The share trades about 36% below its 52-week high and 29% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at 21% fair-value upside, at −42%, CHWY screens richer than that median.
Fair Value models
Bear$9.14Fair Value $13.06Bull$16.98
Price $22.56 · Downside -42.1%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2026 figures (about 9 months old). Earnings retained since then ($0.5004 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
SaleChristopher S. DeppeChief Financial Officer3,043 shares at $26.87$81,765Mar 2, 202610b5-1 plan
SaleSatish MehtaChief Technology Officer2× since Dec 2, 2025: 27,941 shares, avg. $31.46$878,994Feb 2, 202610b5-1 plan
Plus 21 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.86/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+6.2%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+7.6%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+12.0%
Start year 2021 (pandemic)
Revenue growth 9 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+34.1%
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What shareholders gained per year (last 3 years) (mathematically smoothed) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 3 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
+98.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+98.5%
Dividend (yield on the price)0.0%
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.−1% → 2%
2026 sits 349% above its own trend. The rate follows the median trend of the last 3 years, not that single year.
Growth Forecast
Price in line with expectations
The price assumes less growth than the company has delivered so far and about what analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+7.1%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+6.2%
Yearly sales growth analysts expect, extended to five years.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +4.7% a year for the price and +3.7% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (100 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Neutral
Recent news coverage is roughly neutral, about typical for how stocks are covered.
AI conclusion: Customer growth combined with early AI tools for service chats forms the main strength while thin evidence of a durable moat and low net margins mark the central weakness.
Main risk: Amazon could capture more pet-supply customers through lower prices and Subscribe & Save, squeezing Chewy's margins and slowing organic growth.
Bull case: Chewy could deepen its Autoship loyalty and expand veterinary services to retain customers even if Amazon competes more aggressively on price.
Bear case: If Amazon takes significant share and key vendors raise terms, Chewy's recurring revenue base could erode and margins could compress over several years.
Chewy lifted its 2026 sales and EBITDA margin outlook after customer growth and early AI tools that resolve about 30 percent of service chats. Organic sales growth however stays mid-single digits with Autoship gains driven mainly by new users rather than higher spend per customer. Do the modest efficiency savings outweigh the constraints of steady demand?
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Internet Retail · 101 stocks
Beats the industry median on 6/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score63 · Above median
Fair Value upside−42.1% · Bottom 25%
Profitability
Return on equity (12 months)72.0% · Top 25%
Return on assets6.2% · Above median
Net margin (12 months)2.1% · Above median
Operating margin (12 months)2.5% · Below median
Growth and dividend
Revenue growth (quarter YoY)7.3% · Below median
Valuation Multiplesvs Internet Retail median · lower = cheaper
P/E (12 months)32.8× · Priciest 25%
P/B19.29× · Priciest 25%
P/S (12 months)0.74× · Cheaper than median
Price / free cash flow (fiscal year)17.1× · Pricier than median
EV/EBITDA20.2× · Pricier than median
PEG0.38× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 47
FUTURE (revenue growth)37· sector 61
PAST (return on equity)100· sector 25
HEALTH (low debt)0· sector 92
DIVIDEND (yield)0· sector 57
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Chewy Inc Fair Value". https://www.fairvalue-calculator.com/stock/CHWY
Frequently asked questions
Is Chewy Inc (CHWY) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of $13.06 versus a price of $22.56, about 42% lower (overvalued).
What is the fair value of CHWY?
Our model-based fair value for Chewy Inc is $13.06 (as of Nov 7, 2026), built from audited fundamentals. The current price: $22.56.
What is the quality score of CHWY?
Chewy Inc has a Quality Score of 63/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Chewy Inc (CHWY)?
Our model-based price target is the fair value of $13.06 (as of Nov 7, 2026) from 24 valuation models. Cautious scenario $9.14, optimistic scenario $16.98. It is a calculation from audited fundamentals, not an analyst target.
What is the Chewy Inc stock forecast for 2026?
Our models put fair value at $13.06, about 42% lower versus a price of $22.56 (overvalued). Cautious scenario $9.14, optimistic scenario $16.98. The calculation is refreshed regularly with new filings.
What is the revenue of Chewy Inc (CHWY)?
Chewy Inc reported trailing-twelve-month revenue of about $13.1B (latest available figure, as of Nov 7, 2026).
What growth is priced into Chewy Inc (CHWY)?
For today's price to be fair in a discounted-cash-flow model, Chewy Inc would have to grow free cash flow by +7.1 % per year for five years (discount rate 10.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +12.0 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of CHWY use?
Our models discount Chewy Inc at 10.7 %: a base by market capitalisation (mid), damped by beta 1.38, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Chewy Inc that is +7.1 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.7 %) and the same formula as our fair value.
How much growth has Chewy Inc (CHWY) delivered so far?
Over the past 5 years revenue at Chewy Inc grew +12.0 % a year. The price currently implies free-cash-flow growth of +7.1 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Chewy Inc (CHWY) growing?
The median revenue growth in the sector is +4.7 % a year. That is the yardstick for the growth priced into Chewy Inc (+7.1 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Chewy Inc (CHWY)?
The free-cash-flow yield on the price is 5.85 %: that much free cash flow Chewy Inc produces per unit of market value. When it exceeds the discount rate of our models (10.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Chewy Inc (CHWY)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Chewy Inc it is $13.06 per share (as of Nov 7, 2026), against a price of $22.56. It is the blended result of 24 valuation models in 7 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Chewy Inc stock overvalued or undervalued in 2026?
As of Nov 7, 2026, CHWY trades above its calculated fair value: price $22.56, fair value $13.06, a gap of about −42% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of CHWY?
No. The price is what the market pays today ($22.56); the fair value is what the company's own numbers justify ($13.06). For Chewy Inc the two are $9.50 per share apart. That gap is exactly why we show both numbers side by side.
How much is Chewy Inc worth?
The market values Chewy Inc at about $9.6B (market capitalisation, as of Nov 7, 2026). Per share that is $22.56; our models calculate a fair value of $13.06 per share.
What do the bullish and bearish scenarios say about CHWY?
Our models span a range for Chewy Inc: cautious scenario $9.14, base $13.06, optimistic $16.98 per share (as of Nov 7, 2026, price $22.56). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of CHWY?
Chewy Inc trades at a price-to-earnings ratio of 32.8 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $13.06 is built from several models across several years. Other multiples: PEG 0.4, P/B 19.3, P/S 0.7, EV/EBITDA 20.2.
What is the PEG ratio of CHWY?
The PEG ratio of Chewy Inc is 0.38 (P/E divided by earnings growth, as of Nov 7, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Chewy Inc (CHWY)?
Balance-sheet figures for Chewy Inc (as of Nov 7, 2026): return on equity 72.0%. They feed the Quality Score of 63/100, which measures business quality independently of the share price.
How far is CHWY from its 52-week high?
Chewy Inc trades at $22.56, about 36% below its 52-week high of $35.37 and 29% above the low of $17.51 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $13.06 is for.
Which stocks are comparable to Chewy Inc?
From the same area (Consumer Cyclical) we also value Amazon.com, Inc, Alibaba Group, PDD Holdings, Prosus N.V, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Chewy Inc stock attractive at the current price?
The data as of Nov 7, 2026: price $22.56, calculated fair value $13.06 (−42%), Quality Score 63/100, from 24 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of CHWY calculated?
We run Chewy Inc through 24 models from 7 families: DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of $13.06 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0% above its aggregate fair value. Chewy Inc itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Chewy Inc (CHWY)?
The closing price on Nov 6, 2026 was $22.56. Our model-based fair value is $13.06, about 42% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Chewy Inc right now?
The price sits above even our optimistic bull case ($16.98). The favourable scenario is already priced in. Solid but not exceptional quality (63/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range ($9.14 to $16.98) leaves room in how you read the outcome.
Key figures of Chewy Inc
How large is the market capitalisation of Chewy Inc (CHWY)?
The market capitalisation of Chewy Inc is $9.6B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Chewy Inc (CHWY)?
The price-to-sales ratio of Chewy Inc is 0.74 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Chewy Inc (CHWY)?
Earnings per share at Chewy Inc are $0.6500 (price ÷ EPS = P/E 32.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Chewy Inc (CHWY)?
The net margin of Chewy Inc is 2.1% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Chewy Inc (CHWY)?
The return on equity (ROE) of Chewy Inc is 72.0% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Chewy Inc (CHWY)?
On an EBIT basis the return on assets of Chewy Inc is 1.8% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Chewy Inc (CHWY)?
The operating margin of Chewy Inc is 2.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Chewy Inc (CHWY)?
Revenue at Chewy Inc is growing +7.3% versus a year earlier (3y avg +7.6%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Chewy Inc (CHWY)?
Earnings per share at Chewy Inc are growing +41.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Chewy Inc (CHWY) hold?
Chewy Inc holds more cash than debt, $303M net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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Some data
Nov 7, 2026