Chipotle Mexican Grill (HAM:C9F) E10: €0.49 (As of Mar. 2026)


HAM:C9F Chipotle Mexican Grill Inc HAM:C9F
80 GF Score
Price €28.05
GF Value €50.27
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What is Chipotle Mexican Grill E10?

Chipotle Mexican Grill HAM:C9F +1.45% 80 E10 is €0.49 as of Mar. 2026. GuruFocus rates HAM:C9F with a GF Score™ of 80/100 and a GF Value™ of €50.27.

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. 2026 was €0.199. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €0.49 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Chipotle Mexican Grill's average E10 Growth Rate was 20.80% per year. During the past 3 years, the average E10 Growth Rate was 22.40% per year. During the past 5 years, the average E10 Growth Rate was 22.60% per year. During the past 10 years, the average E10 Growth Rate was 14.60% 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 23.90% per year. The lowest was 4.30% per year. And the median was 13.70% per year.

As of today (2026-06-27), Chipotle Mexican Grill's current stock price is €28.05. Chipotle Mexican Grill's E10 for the quarter that ended in Mar. 2026 was €0.49. Chipotle Mexican Grill's Shiller PE Ratio of today is 57.24.

During the past 13 years, the highest Shiller PE Ratio of Chipotle Mexican Grill was 176.11. The lowest was 31.93. And the median was 98.49.


Chipotle Mexican Grill  (HAM:C9F) 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
=28.05/0.49
=57.24

* 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 176.11. The lowest was 31.93. And the median was 98.49.


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


Chipotle Mexican Grill E10 Historical Data

* Premium members only.

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.

Chipotle Mexican Grill E10 Chart

Chipotle Mexican Grill Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Chipotle Mexican Grill Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.00 0.00 0.00 0.00 0.49

HAM:C9F vs YUM, DRI, YUMC: E10 Comparison

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 Shiller PE Ratio vs 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.


HAM:C9F
80GF Score
Chipotle Mexican Grill Inc HAM:C9F
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=0.199/330.2130*330.2130
=0.199

Current CPI (Mar. 2026) = 330.2130.

Chipotle Mexican Grill Quarterly Data

per share eps CPI Adj_EPS
201606 0.015 241.018 0.021
201609 0.005 241.428 0.007
201612 0.010 241.432 0.014
201703 0.030 243.801 0.041
201706 0.041 244.955 0.055
201709 0.012 246.819 0.016
201712 0.026 246.524 0.035
201803 0.035 249.554 0.046
201806 0.029 251.989 0.038
201809 0.023 252.439 0.030
201812 0.020 251.233 0.026
201903 0.055 254.202 0.071
201906 0.057 256.143 0.073
201909 0.063 256.759 0.081
201912 0.046 256.974 0.059
202003 0.049 258.115 0.063
202006 0.005 257.797 0.006
202009 0.048 260.280 0.061
202012 0.110 260.474 0.139
202103 0.075 264.877 0.093
202106 0.110 271.696 0.134
202109 0.122 274.310 0.147
202112 0.083 278.802 0.098
202203 0.102 287.504 0.117
202206 0.175 296.311 0.195
202209 0.186 296.808 0.207
202212 0.151 296.797 0.168
202303 0.196 301.836 0.214
202306 0.231 305.109 0.250
202309 0.216 307.789 0.232
202312 0.187 306.746 0.201
202403 0.239 312.332 0.253
202406 0.307 314.175 0.323
202409 0.252 315.301 0.264
202412 0.229 315.605 0.240
202503 0.259 319.799 0.267
202506 0.277 322.561 0.284
202509 0.247 324.800 0.251
202512 0.213 324.054 0.217
202603 0.199 330.213 0.199

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

Frequently Asked Questions Learn more about E10 →
What does a E10 of €0.49 mean?
Chipotle Mexican Grill (HAM:C9F) has a E10 of €0.49 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Chipotle Mexican Grill and its competitors.
Is Chipotle Mexican Grill's E10 too high?
Chipotle Mexican Grill's current E10 is €0.49. Overall, Chipotle Mexican Grill has a GF Score™ of 80/100, reflecting its overall financial health beyond just this single metric.
How does Chipotle Mexican Grill's E10 compare to YUM and DRI?
Chipotle Mexican Grill's E10 of €0.49 can be compared against companies in the Restaurants industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good E10 for a Restaurants company?
A good E10 depends on the Restaurants industry context. However, E10 should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high E10 mean?
A high E10 can signal that a stock is expensive relative to its fundamentals. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Chipotle Mexican Grill and its competitors. Chipotle Mexican Grill's current E10 is €0.49. 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?
Chipotle Mexican Grill (HAM:C9F) has a current E10 of €0.49. The stock's GF Value™ is €50.27, compared to a current price of €28.05 — trading 44.2% below its estimated fair value. The current E10 is €0.49. Chipotle Mexican Grill's overall GF Score™ is 80/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is E10 calculated?
E10 is calculated from a company's financial statements. For Chipotle Mexican Grill (HAM:C9F), the current E10 is €0.49 as of Mar. 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 (HAM:C9F) Overvalued in 2026?

Based on GuruFocus' analysis, Chipotle Mexican Grill stock appears to be undervalued. The current stock price of €28.05 is trading 44.2% below its estimated GF Value™ of €50.27.

Key valuation signals for HAM:C9F:

  • E10: €0.49
  • GF Value™: €50.27 vs. price of €28.05 (44.2% below fair value)
  • GF Score™: 80/100

No single metric tells the full story. See the HAM:C9F stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Chipotle Mexican Grill Business Description

Address 610 Newport Center Drive, Suite 1100, Newport Beach, CA, USA, 92660
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.
80GF Score

Get the complete analysis for HAM:C9F

E10 is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€28.05
Price
€50.27
GF Value