CMGChipotle Mexican Grill

$31.58-21% 1Y

Is the price fair?

Fair

The yardsticks disagree: cheap against its own 5-year P/E range (0th percentile) but the cash-flow math implies demanding growth. Treat as fair, not cheap.

1 good, 1 to watch, 1 neutral
What the price assumes~+9% a yearderived · Jun 30, 2026

Priced for ~9% a year FCF growth. Roughly in line with its three-year revenue growth of 10% a year.

Vs its own P/E rangecheapest in 40 quartersderived

Cheap vs its own history: P/E 29.0 vs a 60.2 median over 40 quarters (−52% vs median).

Vs sector (EV/EBIT)21.0×derived · Dec 31, 2025

Sector median 16.2× across 156 covered peers. EV/EBIT counts debt as part of the price, so a cash-rich and a borrowed company can be compared on the same footing.

Against the whole market›

Percentile against every name Ryufin tracks. Higher is better; the tick marks the middle of the market. Context, not one of the checks above.

P/E (valuation)middle of the market
FCF yieldmiddle of the market

Where this answer is blind. The growth-implied estimate assumes a fixed discount rate; capital-heavy sectors look structurally rich on it.

What CMG's price assumes

Chipotle Mexican Grill trades at 29.0× earnings against 29.0× for the median Restaurants name, cheaper than its own group.

29.0

Trailing P/E · Restaurants median 29.0 · cheaper than the typical name in its group

Price / sales
3.49

Price / sales · today's price, fiscal year to Dec 31, 2025

Free cash flow yield
3.8%

Free cash flow yield · Restaurants median 4.3%

Growth the price implies
+9.4%

Growth the price implies · The price pays for +9.4% free cash flow growth a year for a decade; the business has delivered +7.8% a year over the last three.

Details›
Price / booktoday's price, fiscal year to Dec 31, 2025
14.7
EV / EBITtoday's price, fiscal year to Dec 31, 2025
21.0
EV / salestoday's price, fiscal year to Dec 31, 2025
3.41
Consumer Cyclical median P/E321 names
17.8
Restaurants median P/E30 names
29.0
Free cash flow, trailing twelve months
$1.57B
Market capitalisation
$41.7B
3-year revenue growth
+10%
3-year free cash flow growth
+7.8%
CMG has re-rated away from its own history, so multiplying the old multiple by today's earnings prices a full reversal, not the business
MethodPer share
What its own history would implynot meaningful, 29.0× today against a 60.2× median
52-week range$28.18 – $42.36
Today$31.58

Multiples from SEC filings and end-of-day closes; implied growth from a reverse discounted cash flow. Group medians across the names Ryufin tracks.