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Chipotle Mexican GrillTSX:CMGS +3.03%70 Debt-to-Equity is 2.46 as of Jun. 2026, which is 59% above its 10-year median of 1.55. GuruFocus rates TSX:CMGS with a GF Score™ of 70/100 and a GF Value™ of C$23.38 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 318 Restaurants companies, Chipotle Mexican Grill ranks worse than 79.87% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for Chipotle Mexican Grill's Debt-to-Equity or its related term are showing as below:
TSX:CMGS'
s Debt-to-Equity Range Over the Past 10 Years
Min: 1.15 Med: 1.55 Max: 2.18
Current: 2.18
During the past 13 years, the highest Debt-to-Equity Ratio of Chipotle Mexican Grill was 2.18. The lowest was 1.15. And the median was 1.55.
TSX:CMGS's Debt-to-Equity is ranked worse than 79.87% of 318
companies
in the Restaurants industry
Industry Median: 0.905
vs TSX:CMGS: 2.18
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
Chipotle Mexican Grill Debt-to-Equity Related Terms
Chipotle Mexican Grill Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Chipotle Mexican Grill's Debt-to-Equity 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.
TSX:CMGS vs YUM, DRI, YUMC: Debt-to-Equity Comparison
For the Restaurants subindustry, Chipotle Mexican Grill's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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 Debt-to-Equity vs Restaurants Industry
For the Restaurants industry and Consumer Cyclical sector, Chipotle Mexican Grill's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Chipotle Mexican Grill's Debt-to-Equity falls into.
* 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 (TSX:CMGS) has a Debt-to-Equity of 2.46 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Chipotle Mexican Grill and its competitors. This is 59% above median its historical median of 1.55. Over the past decade, Chipotle Mexican Grill's Debt-to-Equity has ranged from 1.15 to 2.18. According to the industry distribution chart, Chipotle Mexican Grill ranks #254 out of 318 companies in the Restaurants industry, placing it in the top 79.9%.
Is Chipotle Mexican Grill's Debt-to-Equity too high?
Chipotle Mexican Grill's current Debt-to-Equity of 2.46 is 59% above median its 10-year median of 1.55. Over the past 10 years, this metric has ranged from a low of 1.15 to a high of 2.18. The Restaurants industry median Debt-to-Equity is 0.91. Chipotle Mexican Grill's value of 2.46 is 171.8% above this industry median. Based on the distribution chart, Chipotle Mexican Grill ranks #254 out of 318 companies in the Restaurants industry, which is in the bottom quartile relative to peers. Overall, Chipotle Mexican Grill has a GF Score™ of 70/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Chipotle Mexican Grill's Debt-to-Equity compare to YUM and DRI?
According to the Restaurants industry distribution chart, Chipotle Mexican Grill ranks #254 out of 318 companies for Debt-to-Equity. This places Chipotle Mexican Grill in the lower half of its industry. The industry median Debt-to-Equity is 0.91. Chipotle Mexican Grill's value of 2.46 is 171.8% above this benchmark. Historically, Chipotle Mexican Grill's own Debt-to-Equity has ranged from 1.15 to 2.18 over the past decade. While the company's 10-year median is 1.55 vs. the industry median of 0.91, Chipotle Mexican Grill has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Restaurants company?
The median Debt-to-Equity among Restaurants companies is 0.91, based on 318 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Chipotle Mexican Grill's current Debt-to-Equity of 2.46 is 171.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Chipotle Mexican Grill and its competitors. For the Restaurants industry, the median Debt-to-Equity is 0.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Chipotle Mexican Grill's current Debt-to-Equity is 2.46, which is 59% above median its own 10-year median of 1.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chipotle Mexican Grill stock overvalued right now?
Based on GuruFocus' analysis, Chipotle Mexican Grill (TSX:CMGS) is currently considered Significantly Undervalued. The stock's GF Value™ is C$23.38, compared to a current price of C$13.25 — trading 43.3% below its estimated fair value. The current Debt-to-Equity is 2.46, which is 59% above median its 10-year median of 1.55 and 171.8% above the Restaurants industry median of 0.91. Chipotle Mexican Grill's overall GF Score™ is 70/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Chipotle Mexican Grill (TSX:CMGS), the current Debt-to-Equity is 2.46 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Chipotle Mexican Grill (TSX:CMGS) Overvalued in 2026?
Based on GuruFocus' analysis, Chipotle Mexican Grill stock appears to be undervalued.
The current stock price of C$13.25 is trading 43.3% below its estimated GF Value™ of C$23.38.
GuruFocus considers Chipotle Mexican Grill to be Significantly Undervalued.
Key valuation signals for TSX:CMGS:
Debt-to-Equity: 2.46 (59% above median its 10-year median of 1.55)
GF Value™: C$23.38 vs. price of C$13.25 (43.3% below fair value)
Industry Position: 171.8% above the Restaurants median (#254 of 318)
No single metric tells the full story. See the TSX:CMGS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Chipotle is a leading fast-casual, Mexican-inspired restaurant chain, generating $11.9 billion in sales across 3,983 company-operated US locations, 104 international units primarily in Canada and Europe, and 14 licensed stores largely operated in the Middle East at the end of 2025. The firm's revenue is primarily driven by food and beverage sales at its company-owned restaurants, supplemented by delivery fees generated through its first-party digital channels. Chipotle emphasizes ingredients with no artificial flavors and utilizes an efficient, assembly line service model to serve mainly customizable burritos, bowls, salads, quesadillas, and tacos.
70GF Score
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