Chipotle Mexican Grill, Inc. (CMG)
NYSE · Consumer Discretionary · market cap 40.87B
Share price
$32.91
At the last nightly close
Intrinsic value
$27.31
$19.65 before any credit for growth. The figure above is $19.65 × 1.39, the credit the franchise record earns.
Margin of safety
-17.0%
($27.31 − $32.91) ÷ $32.91
EV / EBIT
91.8
On the median operating profit of 15 fiscal years through 2025.
How these numbers are computed
The valuations are calculated in Python from filed accounts, not written by a language model. Three methods run side by side: earnings power value, which capitalises a normalised operating profit; a free-cash-flow model; and the Graham Number as an asset-side cross-check. The conservative figure above starts from the lower of the first two; the Graham Number never enters it.
The frame gives no credit for growth unless the company has earned it: only a return on invested capital that has beaten the cost of capital year after year earns a growth credit, and that credit is capped. A company that compounds will therefore usually read as expensive against it — that is deliberate. It is a price-discipline floor, not a price target, and it is not a view on what the shares will do.
The EV/EBIT ranking uses the median operating profit of up to fifteen fiscal years — a full cycle — where the free screeners use the last twelve months. When the data cannot support a method, the figure reads n/a rather than a number: a free-cash-flow valuation on a bank, a PEG on erratic earnings, a multiple on a company with no operating profit to speak of.
Fundamentals from SEC EDGAR. Prices, market data and technicals from yfinance. Valuation computed 2026-11-01.
Key metrics
Market position
Annual financials
| Period | Revenue | Operating income | Net income | EPS | Free cash flow |
|---|---|---|---|---|---|
| 2025-FY | 11.93B | 2.01B | 1.54B | 1.15 | 1.45B |
| 2024-FY | 11.31B | 1.99B | 1.53B | 1.12 | 1.51B |
| 2023-FY | 9.87B | 1.63B | 1.23B | 0.89 | 1.22B |
| 2022-FY | 8.63B | 1.21B | 899.1M | 0.65 | 844.0M |
| 2021-FY | 7.55B | 804.9M | 653.0M | 22.90 | 839.6M |
Filed figures from SEC EDGAR, in the reporting currency.
Next earnings
Recent news
- Chipotle Stock Forecast: Starbucks Takeover Talk Adds a New Catalyst Before Q3 Earningstradingkey.com
- Chipotle earnings analysis: questions answered and next catalystsinvesting.com
- CMG Stock Slips 15% in a Year: Can Growth Catalysts Spark a Rebound?finance.yahoo.com
- CMG: Chipotle Mexican Grill Latest Stock Price, Analysis, News and Trading Ideasstocktwits.com
- CMG Stock Slips 15% in a Year: Can Growth Catalysts Spark a Rebound? - September 18, 2026 - Zacks.comzacks.com
Headlines link to their source. Sperio does not republish article text.
The figures above are the arithmetic. To see what a board of eight AI agents makes of them — macro, sector, filings, news and a devil's advocate whose only job is to attack the thesis — run the full analysis on CMG.
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This page presents computed figures and filed financial data for information only. It is not investment advice, not a recommendation to buy or sell any security, and not a statement about what these shares will do. Sperio is a research tool, not an investment adviser. Figures are derived automatically from public filings and market data and may be incomplete, out of date or wrong. See the Terms & Disclaimer.