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CMG (Chipotle Mexican Grill) Cyclically Adjusted PB Ratio : 30.20 (As of Jul. 27, 2024)


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What is Chipotle Mexican Grill Cyclically Adjusted PB Ratio?

As of today (2024-07-27), Chipotle Mexican Grill's current share price is $49.83. Chipotle Mexican Grill's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2024 was $1.65. Chipotle Mexican Grill's Cyclically Adjusted PB Ratio for today is 30.20.

The historical rank and industry rank for Chipotle Mexican Grill's Cyclically Adjusted PB Ratio or its related term are showing as below:

CMG' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 5.87   Med: 19.86   Max: 40.64
Current: 30.84

During the past years, Chipotle Mexican Grill's highest Cyclically Adjusted PB Ratio was 40.64. The lowest was 5.87. And the median was 19.86.

CMG's Cyclically Adjusted PB Ratio is ranked worse than
99.13% of 230 companies
in the Restaurants industry
Industry Median: 2.155 vs CMG: 30.84

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 PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Chipotle Mexican Grill's adjusted book value per share data for the three months ended in Jun. 2024 was $2.703. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is $1.65 for the trailing ten years ended in Jun. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Chipotle Mexican Grill Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Chipotle Mexican Grill's Cyclically Adjusted PB Ratio 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 PB Ratio Chart

Chipotle Mexican Grill Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 16.26 24.88 27.35 19.52 29.44

Chipotle Mexican Grill Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Cyclically Adjusted PB Ratio 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 28.50 23.86 29.44 36.15 38.02

Competitive Comparison of Chipotle Mexican Grill's Cyclically Adjusted PB Ratio

For the Restaurants subindustry, Chipotle Mexican Grill's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB 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 PB Ratio Distribution in the Restaurants Industry

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

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



Chipotle Mexican Grill Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Chipotle Mexican Grill's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=49.83/1.65
=30.20

* 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.

Chipotle Mexican Grill's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2024 is calculated as:

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

Adj_Book=Book Value per Share/CPI of Jun. 2024 (Change)*Current CPI (Jun. 2024)
=2.703/132.5538*132.5538
=2.703

Current CPI (Jun. 2024) = 132.5538.

Chipotle Mexican Grill Quarterly Data

Book Value per Share CPI Adj_Book
201409 1.221 100.428 1.612
201412 1.297 99.070 1.735
201503 1.375 99.621 1.830
201506 1.446 100.684 1.904
201509 1.540 100.392 2.033
201512 1.392 99.792 1.849
201603 1.050 100.470 1.385
201606 1.020 101.688 1.330
201609 0.994 101.861 1.294
201612 0.973 101.863 1.266
201703 0.982 102.862 1.265
201706 1.015 103.349 1.302
201709 0.981 104.136 1.249
201712 0.974 104.011 1.241
201803 0.980 105.290 1.234
201806 1.001 106.317 1.248
201809 1.033 106.507 1.286
201812 1.041 105.998 1.302
201903 1.070 107.251 1.322
201906 1.110 108.070 1.361
201909 1.167 108.329 1.428
201912 1.213 108.420 1.483
202003 1.202 108.902 1.463
202006 1.219 108.767 1.486
202009 1.291 109.815 1.558
202012 1.443 109.897 1.740
202103 1.490 111.754 1.767
202106 1.548 114.631 1.790
202109 1.642 115.734 1.881
202112 1.636 117.630 1.844
202203 1.525 121.301 1.666
202206 1.550 125.017 1.643
202209 1.677 125.227 1.775
202212 1.714 125.222 1.814
202303 1.798 127.348 1.872
202306 2.005 128.729 2.065
202309 2.100 129.860 2.144
202312 2.233 129.419 2.287
202403 2.448 131.776 2.462
202406 2.703 132.554 2.703

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book 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.


Chipotle Mexican Grill  (NYSE:CMG) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Chipotle Mexican Grill Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Chipotle Mexican Grill's Cyclically Adjusted PB Ratio 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 $8.6 billion in 2022. The Mexican concept is predominately company-owned (it recently inked a development agreement with Alshaya Group in the Middle East), with a footprint of nearly 3,200 stores at the end of 2022, heavily indexed to the United States, although the firm maintains a small presence in Canada, the U.K., 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
Brian R Niccol director, officer: Chairman, CEO 1 GLEN BELL WAY, IRVINE CA 92618
Gregg L Engles director 1225 SEVENTEENTH STREET, SUITE 1000, DENVER CO 80202
Scott Boatwright officer: Chief Restaurant Officer 1401 WYNKOOP STREET, SUITE 500, DENVER CO 80202
Robin S Hickenlooper director 12300 LIBERTY BOULEVARD, ENGLEWOOD CO 80112
Laurie Schalow officer: Chief Corp Affairs, Food Sft 610 NEWPORT CENTER DRIVE, SUITE 1300, NEWPORT BEACH CA 92660
Curtis E Garner officer: Chief Technology Officer C/O AEROHIVE NETWORKS, INC., 330 GIBRALTAR DRIVE, SUNNYVALE CA 94089
Christopher W Brandt officer: Chief Marketing Officer 2202 NORTH WESTSHORE BLVD, TAMPA FL 33607
Patricia Filikrushel director DOLLAR GENERAL CORPORATION, 100 MISSION RIDGE, GOODLETTSVILLE TN 37072
Laura Fuentes director 7930 JONES BRANCH DRIVE, MCLEAN VA 22102
Albert S Baldocchi director 1601 HIGH STREET, BOULDER CO 80304
Marissa Andrada officer: Chief D&I and People Officer C/O KATE SPADE & COMPANY 2 PARK AVENUE, NEW YORK NY 10016
Roger E Theodoredis officer: Chief Legal Officer & GC 1225 SEVENTEENTH STREET, SUITE 1000, DENVER CO 80202
Pershing Square Capital Management, L.p. director 787 11TH AVENUE, 9TH FLOOR, NEW YORK NY 10019
Jack Hartung officer: CFO & Chief Development Ofcr 1543 WAZEE STREET, SUITE 200, DENVER CO 80202
Scott Harlan Maw director 1411 E. MISSION AVENUE, SPOKANE WA 99202