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

Price / earnings30.8
Price / book15.2
EV / EBITDA19.9
FCF / EV+0.8%
Return on equity+48.5%
Return on assets+12.5%
Debt / equity2.28
Gross margin+39.3%

Market position

52-week high$40.87
52-week low$27.52
From 52-week high-19.5%
RSI (14)60.9
200-day moving average$33.25

Annual financials

PeriodRevenueOperating incomeNet incomeEPSFree cash flow
2025-FY11.93B2.01B1.54B1.151.45B
2024-FY11.31B1.99B1.53B1.121.51B
2023-FY9.87B1.63B1.23B0.891.22B
2022-FY8.63B1.21B899.1M0.65844.0M
2021-FY7.55B804.9M653.0M22.90839.6M

Filed figures from SEC EDGAR, in the reporting currency.

Next earnings

Q4 2026 expectedNovember 4, 2026
Consensus EPS estimate0.29

Recent news

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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.