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CMG (Chipotle Mexican Grill) Cyclically Adjusted Revenue per Share : $5.28 (As of Sep. 2024)


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What is Chipotle Mexican Grill Cyclically Adjusted Revenue per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

Chipotle Mexican Grill's adjusted revenue per share for the three months ended in Sep. 2024 was $2.032. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is $5.28 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Chipotle Mexican Grill's average Cyclically Adjusted Revenue Growth Rate was 12.60% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 16.90% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 15.70% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of Chipotle Mexican Grill was 16.90% per year. The lowest was 13.60% per year. And the median was 15.20% per year.

As of today (2025-01-19), Chipotle Mexican Grill's current stock price is $57.52. Chipotle Mexican Grill's Cyclically Adjusted Revenue per Share for the quarter that ended in Sep. 2024 was $5.28. Chipotle Mexican Grill's Cyclically Adjusted PS Ratio of today is 10.89.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Chipotle Mexican Grill was 13.11. The lowest was 2.50. And the median was 7.39.


Chipotle Mexican Grill Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Chipotle Mexican Grill's Cyclically Adjusted Revenue per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Chipotle Mexican Grill Cyclically Adjusted Revenue per Share Chart

Chipotle Mexican Grill Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.67 2.99 3.57 4.20 4.78

Chipotle Mexican Grill Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Cyclically Adjusted Revenue per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.69 4.78 4.99 5.15 5.28

Competitive Comparison of Chipotle Mexican Grill's Cyclically Adjusted Revenue per Share

For the Restaurants subindustry, Chipotle Mexican Grill's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Chipotle Mexican Grill's Cyclically Adjusted PS Ratio Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Chipotle Mexican Grill's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Chipotle Mexican Grill's Cyclically Adjusted PS Ratio falls into.



Chipotle Mexican Grill Cyclically Adjusted Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Chipotle Mexican Grill's adjusted Revenue per Share data for the three months ended in Sep. 2024 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=2.032/133.0289*133.0289
=2.032

Current CPI (Sep. 2024) = 133.0289.

Chipotle Mexican Grill Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201412 0.678 99.070 0.910
201503 0.689 99.621 0.920
201506 0.760 100.684 1.004
201509 0.771 100.392 1.022
201512 0.637 99.792 0.849
201603 0.558 100.470 0.739
201606 0.681 101.688 0.891
201609 0.711 101.861 0.929
201612 0.697 101.863 0.910
201703 0.741 102.862 0.958
201706 0.812 103.349 1.045
201709 0.793 104.136 1.013
201712 0.789 104.011 1.009
201803 0.822 105.290 1.039
201806 0.907 106.317 1.135
201809 0.874 106.507 1.092
201812 0.877 105.998 1.101
201903 0.931 107.251 1.155
201906 1.014 108.070 1.248
201909 0.989 108.329 1.214
201912 1.015 108.420 1.245
202003 0.996 108.902 1.217
202006 0.963 108.767 1.178
202009 1.126 109.815 1.364
202012 1.126 109.897 1.363
202103 1.219 111.754 1.451
202106 1.328 114.631 1.541
202109 1.371 115.734 1.576
202112 1.377 117.630 1.557
202203 1.428 121.301 1.566
202206 1.576 125.017 1.677
202209 1.588 125.227 1.687
202212 1.563 125.222 1.660
202303 1.705 127.348 1.781
202306 1.813 128.729 1.874
202309 1.786 129.860 1.830
202312 1.822 129.419 1.873
202403 1.956 131.776 1.975
202406 2.152 132.554 2.160
202409 2.032 133.029 2.032

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.


Chipotle Mexican Grill  (NYSE:CMG) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Chipotle Mexican Grill's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=57.52/5.28
=10.89

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Chipotle Mexican Grill was 13.11. The lowest was 2.50. And the median was 7.39.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


Chipotle Mexican Grill Cyclically Adjusted Revenue per Share Related Terms

Thank you for viewing the detailed overview of Chipotle Mexican Grill's Cyclically Adjusted Revenue per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Chipotle Mexican Grill Business Description

Address
610 Newport Center Drive, Suite 1100, Newport Beach, CA, USA, 92660
Chipotle Mexican Grill is the largest fast-casual chain restaurant in the United States, with systemwide sales of $9.9 billion in 2023. The Mexican concept is almost exclusively company-owned, with just two license stores opearted through a master franchise relationship with Alshaya Group in the Middle East. It had a footprint of nearly 3,440 stores at the end of 2023, heavily indexed to the United States, although it maintains a small presence in Canada, the UK, France, and Germany. Chipotle sells burritos, burrito bowls, tacos, quesadillas, and beverages, with a selling proposition built around competitive prices, high-quality food sourcing, speed of service, and convenience. The company generates its revenue entirely from restaurant sales and delivery fees.
Executives
Christopher W Brandt officer: Chief Marketing Officer 2202 NORTH WESTSHORE BLVD, TAMPA FL 33607
Curtis E Garner officer: Chief Technology Officer C/O AEROHIVE NETWORKS, INC., 330 GIBRALTAR DRIVE, SUNNYVALE CA 94089
Robin S Hickenlooper director 12300 LIBERTY BOULEVARD, ENGLEWOOD CO 80112
Jack Hartung officer: CFO & Chief Development Ofcr 1543 WAZEE STREET, SUITE 200, DENVER CO 80202
Roger E Theodoredis officer: Chief Legal Officer & GC 1225 SEVENTEENTH STREET, SUITE 1000, DENVER CO 80202
Brian R Niccol director, officer: Chairman, CEO 1 GLEN BELL WAY, IRVINE CA 92618
Albert S Baldocchi director 1601 HIGH STREET, BOULDER CO 80304
Scott Boatwright officer: Chief Restaurant Officer 1401 WYNKOOP STREET, SUITE 500, DENVER CO 80202
Gregg L Engles director 1225 SEVENTEENTH STREET, SUITE 1000, DENVER CO 80202
Laurie Schalow officer: Chief Corp Affairs, Food Sft 610 NEWPORT CENTER DRIVE, SUITE 1300, NEWPORT BEACH CA 92660
Patricia Filikrushel director DOLLAR GENERAL CORPORATION, 100 MISSION RIDGE, GOODLETTSVILLE TN 37072
Laura Fuentes director 7930 JONES BRANCH DRIVE, MCLEAN VA 22102
Marissa Andrada officer: Chief D&I and People Officer C/O KATE SPADE & COMPANY 2 PARK AVENUE, NEW YORK NY 10016
Pershing Square Capital Management, L.p. director 787 11TH AVENUE, 9TH FLOOR, NEW YORK NY 10019
Scott Harlan Maw director 1411 E. MISSION AVENUE, SPOKANE WA 99202