CHWY · Intrinsic value
Is Chewy, Inc. (CHWY) overvalued or undervalued?
As of Oct 19, 2026, TickerWorth's valuation lenses put Chewy, Inc. (CHWY) at $6.51 – $43.48, too broad a range to say where the delayed market price of $20.81 sits in it, so we do not call it over- or undervalued. It is a model estimate, and every input behind it is sourced below.
Model by Miraaj Patel · generated from SEC filings and market data · Updated Oct 19, 2026 · How these pages are made
What is CHWY worth?
- Fair-value range
- $6.51 – $43.48
- Market price
- $20.81
- Gap to fair value
- —
- Verdict
- Too wide to call
Reverse DCF: Today's price implies revenue growth of more than 25%/yr. Above about 25% a year the reverse-DCF stops being informative. It solves for revenue growth alone — holding margins, capital intensity and the forecast horizon fixed — so a price well above our cash-flow model's value has nowhere to go but growth, and the solver returns a rate the model can't reconcile. Read it as "the price implies growth we can't justify", not as a forecast.
What is CHWY's TickerWorth Score?
Scores lower than most companies we compare it with
Compared with Consumer Cyclical companies in US
Its strongest point: growing quickly. Its weakest: looks expensive on the numbers.
- Value · 36 of 100
Cheaper than 36% of Consumer Cyclical companies in US
- Price vs worth · 57 of 100
- Quality · 40 of 100
More profitable than 40% of Consumer Cyclical companies in US
- Financial health · 40 of 100
Financially stronger than 40% of Consumer Cyclical companies in US
- Growth · 76 of 100
Growing faster than 76% of Consumer Cyclical companies in US
- Momentum · 16 of 100
Outperformed 16% of Consumer Cyclical companies in US over the past year
Confidence: Medium confidence · Scored
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Why CHWY gets a range, not one number
At a recent price of $20.81, Chewy, Inc. (CHWY) sits inside a range too wide to call either way: our valuation lenses put the business somewhere between $6.51 and $43.48 per share. They disagree too widely for us to state a single fair value. We publish the range rather than a midpoint because a number that precise would claim more than the methods can support. This is an educational model, not a price target or a recommendation.
Read the full reasoning
The valuation discounts Chewy, Inc.'s projected free cash flows at a weighted-average cost of capital (WACC) of 11.1%, with a long-run terminal growth rate of 2.5%. About 68% of the enterprise value comes from the terminal value — the portion beyond the explicit forecast window — which is typical for a stable, cash-generative business and a reminder that small changes in the discount rate or terminal growth assumption swing the intrinsic value meaningfully.
Running the DCF in reverse — solving for the growth the current price already assumes — CHWY would need sustained revenue growth of more than 25%/yr to justify today's price, against about 5.8% a year compounded in our base case. We don't quote a precise figure here, because past about 25% a year the reverse-DCF stops being informative: it solves for revenue growth alone, holding margins, capital intensity and the forecast horizon fixed, so a price well above our fair value has nowhere to go but growth. The honest reading is that the price implies growth this model can't reconcile — not that we forecast it.
Sensitivity matters more than any single number. Across a reasonable band of discount-rate assumptions, CHWY's modeled DCF value ranges from about $5.18 to $8.92 per share. If that range still sits below today's price, the market is optimistic relative to the model across the whole band; if it brackets the price, the stock is roughly fairly valued on our assumptions. Use the interactive slider to see exactly where your own cost-of-capital view lands.
How to read this page: the DCF fair value is what Chewy, Inc. would be worth if its cash flows grow as modeled and are discounted at the stated WACC. The assumptions table shows every input and its source; the reverse-DCF shows what the market believes; the sensitivity band shows how fragile the answer is. None of this is investment advice — it is a transparent, auditable framework for forming your own view of CHWY's intrinsic value. Figures update as new filings and prices come in.
Every input behind CHWY's DCF
| Input | Value |
|---|---|
| Base-year revenueCHEWY, INC. FY2025 10-K (accession 0001766502-26-000034): us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, FY2025 full year. | $12,601,500,000 |
| Base EBIT marginCHEWY, INC. FY2025 10-K (accession 0001766502-26-000034): us-gaap:OperatingIncomeLoss 254,300,000 / revenue 12,601,500,000 = 2.02%, FY2025. | 2.0% |
| Forecast revenue growthESTIMATEAssumption — TickerWorth's 5-year explicit forecast | 8% → 7% → 6% → 5% → 4% |
| Risk-free rateLive feed — US 10-year Treasury yield (^TNX) | 4.7% |
| BetaLive feed — yfinance, 5-year monthly beta vs the S&P 500 (clamped to 0.4–2.5) | 1.42 |
| Terminal growthESTIMATEAssumption — TickerWorth house default 2.5%, held below WACC | 2.5% |
| Diluted sharesCHEWY, INC. FY2025 10-K (accession 0001766502-26-000034): WeightedAverageNumberOfDilutedSharesOutstanding = 425,800,000 shares, FY2025. | 426M |
| Market priceLast known price · as of 2026-10-19 20:14 UTC | $20.81 |
Change CHWY's assumptions
The discount-rate dial and the editable model
ProChange growth, margin and WACC yourself — Pro (7-day free trial, card required).
What does Chewy, Inc. do?
What does it do?
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. It operates in the Internet Retail industry (Consumer Cyclical sector), headquartered in United States. The company employs roughly 18,000 people.
How does it make money?
The business turns $12.6B in annual revenue into profit. Out of every $100 of sales, about $2 is left as operating profit (operating margin of 2.5%), after a 30% gross margin on the products/services it sells. After all costs, taxes and interest, 2.1% of revenue becomes bottom-line net profit.
Is it financially healthy?
Financially it looks stretched: carries heavy debt (3.1× equity), may struggle to cover its short-term bills (0.8× current ratio), and is currently profitable.
Who at CHWY filed insider trades?
| Date | Insider | Relationship | What happened | Value | Filing |
|---|---|---|---|---|---|
| Billings William G. | Chief Accounting Officer | Open-market sale | $362,943.00 | Form 4 for Billings William G. (opens sec.gov in a new tab) | |
| Hu Da-Wai | General Counsel & Secretary | Shares withheld (tax) | $10,591.00 | Form 4 for Hu Da-Wai (opens sec.gov in a new tab) | |
| Billings William G. | Chief Accounting Officer | Shares withheld (tax) | $14,875.00 | Form 4 for Billings William G. (opens sec.gov in a new tab) | |
| Deppe Christopher S. | Chief Financial Officer | Shares withheld (tax) | $36,675.80 | Form 4 for Deppe Christopher S. (opens sec.gov in a new tab) | |
| Singh Sumit | Director, Chief Executive Officer | Shares withheld (tax) | $180,094.60 | Form 4 for Singh Sumit (opens sec.gov in a new tab) | |
| Singh Sumit | Director, Chief Executive Officer | Shares withheld (tax) | $30,297.40 | Form 4 for Singh Sumit (opens sec.gov in a new tab) |
A disclosure, not a signal to trade. Source: SEC EDGAR (Form 4). Older filings and the 90-day buying-and-selling read are part of Pro. See plans
Common questions
What is CHWY's intrinsic value?
TickerWorth's valuation lenses put Chewy, Inc. (CHWY) between $6.51 and $43.48 per share, versus a market price of $20.81. They disagree too widely for us to state a single fair value, so we publish the range.
Is CHWY overvalued or undervalued?
At $20.81 the price sits inside a range too wide to call either way. We don't call CHWY overvalued or undervalued from a range this wide. This is an educational estimate, not advice.
What discount rate is used for CHWY?
A WACC of 11.1% and a terminal growth rate of 2.5%.
Is Chewy stock undervalued?
TickerWorth's fair-value range for Chewy, Inc. (CHWY) is $6.51 – $43.48 against a market price of $20.81. Too wide to call. We publish a range here, not one number, so we do not call it over- or undervalued. This is a model estimate, not investment advice.
Chewy (CHWY) DCF valuation and fair value
Our fair-value range for Chewy, Inc. (CHWY) is $6.51 – $43.48, built on a 11.1% discount rate (WACC) and 2.5% terminal growth. It blends our discounted-cash-flow model with other valuation lenses. Every assumption is listed on this page with its source.
What growth is priced into Chewy stock?
Today's price implies revenue growth of more than 25%/yr. Above about 25% a year the reverse-DCF stops being informative. It solves for revenue growth alone — holding margins, capital intensity and the forecast horizon fixed — so a price well above our cash-flow model's value has nowhere to go but growth, and the solver returns a rate the model can't reconcile. Read it as "the price implies growth we can't justify", not as a forecast. This is a reverse DCF: it holds our cash-flow model's other inputs and solves for the revenue growth that makes the model equal today's price of $20.81. A model estimate, not investment advice.
Chewy (CHWY) insider trading
The most recent insider filing (SEC Form 4) for Chewy, Inc. (CHWY): Billings William G., Chief Accounting Officer, open-market sale on 2026-10-15. The latest filings are listed on this page. A disclosure, not a signal to trade.
Other ways into the coverage
Not investment advice. TickerWorth Score is a model output.
Educational tool. Every output reflects the assumptions shown — not a prediction and not investment advice. TickerWorth is not a licensed investment adviser, and these figures are estimates from public filings and market data that can be wrong.