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Chipotle Mexican Grill (Chipotle Mexican Grill) E10 : $20.04 (As of Mar. 2024)


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What is Chipotle Mexican Grill E10?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Chipotle Mexican Grill's adjusted earnings per share data for the three months ended in Mar. 2024 was $13.010. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $20.04 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Chipotle Mexican Grill's average E10 Growth Rate was 24.10% per year. During the past 3 years, the average E10 Growth Rate was 23.10% per year. During the past 5 years, the average E10 Growth Rate was 17.60% 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 E10 growth rate using E10 data.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Chipotle Mexican Grill was 23.10% per year. The lowest was 4.80% per year. And the median was 11.40% per year.

As of today (2024-06-23), Chipotle Mexican Grill's current stock price is $3210.49. Chipotle Mexican Grill's E10 for the quarter that ended in Mar. 2024 was $20.04. Chipotle Mexican Grill's Shiller PE Ratio of today is 160.20.

During the past 13 years, the highest Shiller PE Ratio of Chipotle Mexican Grill was 172.35. The lowest was 32.42. And the median was 100.57.


Chipotle Mexican Grill E10 Historical Data

The historical data trend for Chipotle Mexican Grill's E10 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 E10 Chart

Chipotle Mexican Grill Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.35 10.06 12.27 15.16 18.75

Chipotle Mexican Grill Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
E10 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 16.15 17.19 18.12 18.75 20.04

Competitive Comparison of Chipotle Mexican Grill's E10

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

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

* The bar in red indicates where Chipotle Mexican Grill's Shiller PE Ratio falls into.



Chipotle Mexican Grill E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

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 earnings per share data for the three months ended in Mar. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=13.01/131.7762*131.7762
=13.010

Current CPI (Mar. 2024) = 131.7762.

Chipotle Mexican Grill Quarterly Data

per share eps CPI Adj_EPS
201406 3.500 100.560 4.587
201409 4.150 100.428 5.445
201412 3.840 99.070 5.108
201503 3.880 99.621 5.132
201506 4.450 100.684 5.824
201509 4.590 100.392 6.025
201512 2.170 99.792 2.865
201603 -0.880 100.470 -1.154
201606 0.870 101.688 1.127
201609 0.270 101.861 0.349
201612 0.550 101.863 0.712
201703 1.600 102.862 2.050
201706 2.320 103.349 2.958
201709 0.690 104.136 0.873
201712 1.550 104.011 1.964
201803 2.130 105.290 2.666
201806 1.680 106.317 2.082
201809 1.360 106.507 1.683
201812 1.150 105.998 1.430
201903 3.130 107.251 3.846
201906 3.220 108.070 3.926
201909 3.470 108.329 4.221
201912 2.550 108.420 3.099
202003 2.700 108.902 3.267
202006 0.290 108.767 0.351
202009 2.820 109.815 3.384
202012 6.690 109.897 8.022
202103 4.450 111.754 5.247
202106 6.600 114.631 7.587
202109 7.180 115.734 8.175
202112 4.680 117.630 5.243
202203 5.590 121.301 6.073
202206 9.250 125.017 9.750
202209 9.200 125.227 9.681
202212 8.020 125.222 8.440
202303 10.500 127.348 10.865
202306 12.320 128.729 12.612
202309 11.320 129.860 11.487
202312 10.210 129.419 10.396
202403 13.010 131.776 13.010

Add all the adjusted EPS together and divide 10 will get our e10.


Chipotle Mexican Grill  (NYSE:CMG) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Chipotle Mexican Grill's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=3210.49/20.04
=160.20

* 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.

During the past 13 years, the highest Shiller P/E Ratio of Chipotle Mexican Grill was 172.35. The lowest was 32.42. And the median was 100.57.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


Chipotle Mexican Grill E10 Related Terms

Thank you for viewing the detailed overview of Chipotle Mexican Grill's E10 provided by GuruFocus.com. Please click on the following links to see related term pages.


Chipotle Mexican Grill (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