2 models fit Sweetgreen Inc. Class A Common Stock and they disagree: 0 of 2 land within 15% of the average.
Two or more of our models back this value.
Near fair value(i)Bronze58
Valued as a cyclical company: EV/EBITDA comparison and Discounted cash flow.
ACCE opinionSweetgreen Inc. Class A Common Stock (SG)
Fair value (2 models)
$11.23
ACCE price target
$8.00
Rating
Fairly valued
Horizon
12 months
Fair value published on 21 Oct 2026, 13:04 CEST; previously $9.21 since 17 Oct 2026, 00:00 CEST.
ACCE price target published on 12 Oct 2026, 00:00 CEST.
Rating published on 21 Oct 2026, 13:04 CEST.
Price used: $9.82 at the close on 23 Oct 2026, 22:00 CEST.
Models: Discounted cash flow and EV/EBITDA comparison.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
Price vs fair value
12.5% below
+14.3% to fair value
ACCE score
50
out of 100
Analysts
43% buy
14 covering
P/E
109.1x
forward -14.1x
1-year return
+32.0%
Dividend yield
0.00%
Sweetgreen Inc. Class A Common Stock in four questions
Plain answers, details below
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Overview
ACCE thesis
Sweetgreen runs a fast-casual chain of salad and warm bowl restaurants, with its own digital ordering app and a growing share of sales from its automated Infinite Kitchen assembly line. Its edge is a dense, in-house-sourced restaurant footprint in the US and a loyal app-based customer base, though operating margin of -12.6% shows it has not yet proved the model earns money at scale. Revenue growth of 3.8% is slow for a company at this stage, so the case rests on whether store-level economics and automation lift margins before the balance sheet is tested. The forward P/E of 18.8 against a trailing 117.9 reflects a sharp expected earnings recovery that the market has not yet confirmed. At a 50/100 score and no index membership, this is a turnaround to examine closely, not yet a name with a proven earnings base.
⚠ Investor warnings · 3 flagsAI-assisted·How I use AI
high
Heavy cash burn
Free cash flow is -$119.2M against a $1.3B market cap, and operating margin is -12.6%. The business is consuming cash, not generating it.
high
Extreme short interest
Short interest is 26.6% of shares outstanding. A stock this heavily shorted can move sharply on either news or a squeeze, which argues for smaller position sizing.
moderate
Forward earnings negative
Forward P/E is -15.4, meaning analysts expect losses ahead, while trailing P/E of 118.6 reflects thin, near-zero earnings. Valuation rests on a recovery that isn't yet in the numbers.
AI research notes
AI-assisted·How I use AIWritten Oct 21, 2026 · figures from 2026-06-30 · prices to Oct 23, 2026
Why it could do well
Five-year average revenue growth of +25.2% per year shows the concept grew quickly for much of its history.
Only 43% of analysts rate the stock Buy or Strong Buy, so a majority of the covering analysts are not yet convinced.
The reverse DCF shows the price implies yearly cash flow growth of +12.1% over the next five years, a demanding but not impossible bar.
Why it could disappoint
Revenue growth has slowed to +3.8% year over year, far below the five-year average of +25.2% per year.
Free cash flow over the last twelve months was -$119M, and the stock trades at a trailing P/E of 118.6x.
Each chip shows the exact figure and where it comes from. A claim without a source is not published.
Next results
Nov 5, 2026
We update the fair value about 2 days after the results, once the new figures are filed.Add to calendarGoogle
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Valuation
INVESTOR
Where SG's valuation models land
Price
$9.82
Model fair value
$11.23
Model range
$5.51 to $16.13
Fair value $11.23
Price $9.82
The price sits inside the model range.
Model
Fair value
Upside
Discounted cash flow
EV/EBITDA comparison
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Quality
INVESTOR
Quality and conviction INVESTOR FEATURE
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