BJs Restaurants Inc
NASDAQ: BJRI · CONSUMER CYCLICAL · RESTAURANTS
Updated 2026-06-05
BJs Restaurants Inc (BJRI) Stock Valuation Analysis
Fair value estimate, historical valuation range, and quality signals for BJRI.
Current price exceeds what fundamentals support. Risk/reward skewed unfavorably.
BJRI historical valuation range
Where current P/E sits in BJRI's own 5Y range.
BJRI intrinsic value (DCF)
DCF-based fair value estimate vs current market price.
Standard discounted cash flow models produce unreliable output for unprofitable or near-breakeven companies. Revenue-based multiples such as P/S and EV/Sales, combined with the historical valuation position above, give a more reliable read for this stock.
Intrinsic value calculated using discounted cash flow (DCF) model based on projected free cash flows, discount rate, and terminal growth assumptions. A positive margin of safety indicates the current price is below estimated fair value, providing a cushion against estimation error.
BJRI valuation signals
Quick-read green flags, caution flags, and risks based on current metrics.
P/E Ratio — History
Current: 22.04x
P/S Ratio — History
Current: 0.65x
Is BJRI overvalued in 2026?
BJs Restaurants Inc (BJRI) currently trades at $41.42 per share with a market capitalization of $921,592,000.00. Based on our multi-factor framework, the stock appears richly valued with a Smart Value Score of 47/100. This score blends growth quality, financial health, and price attractiveness into a single institutional-grade read.
The stock trades at a P/E ratio of 22.0x, below its 5-year median of 26.4x. The PEG ratio of 1.51 points to a price that reasonably reflects expected earnings growth.
Looking at its own history, BJRI is currently trading cheaper than 57% of the last 5Y on P/E. This places it in the 43th percentile of its historical range, a reasonable but unremarkable position.
A standard DCF model does not produce reliable output for BJRI under current conditions. For unprofitable or near-breakeven companies, revenue-based multiples such as EV/Sales and historical P/S percentile are more informative than intrinsic value calculations.
The Piotroski F-Score of 5/9 puts financial quality in a middling range, neither a standout strength nor an obvious red flag.
Bottom line: BJRI appears richly valued on our framework, with a Smart Value Score of 47/100. At current levels the risk/reward is skewed against the buyer. A materially lower price or significant operational improvement would be needed to change the picture.
Frequently asked questions
Is BJRI overvalued?
BJRI scores 47/100 on our Smart Value Score (Grade C), a weak overall profile. A standard DCF is unreliable here given the profitability profile, so valuation leans on revenue-based measures like EV/Sales and the P/S percentile below.
What is BJRI's fair value?
A standard DCF is unreliable for BJRI given its current profitability profile. Revenue-based approaches like EV/Sales or the historical P/S percentile are more informative for this stock.
What P/E ratio does BJRI trade at?
BJRI trades at a P/E of 22.0x on trailing twelve-month earnings, against a 5-year median of 26.4x. P/E is what you pay per dollar of profit, and sitting below its own median means the stock is cheaper than usual relative to its earnings.
Is BJRI a buy based on valuation?
Our Smart Value rating for BJRI is Sell, from a Smart Value Score of 47/100 that blends growth, quality, and valuation. The profile skews cautious, and a better price or clearer operating improvement would strengthen the case. This is research to inform your decision, not personalized financial advice.
How does BJRI's valuation compare to its history?
On P/E, BJRI sits in the 43rd percentile of its own 5Y range, below its long-run median relative to where it has traded. A low percentile means today's multiple is near the bottom of its historical band.
What is BJRI's Smart Value Score?
BJRI's Smart Value Score is 47/100. It is a proprietary WallStSmart metric blending growth quality, financial health, and valuation into a single 0-100 read, and scores above 75 are rare, signaling strong multi-factor alignment.