Restaurant Brands International (MEX:QSR N) E10: MXN50.51 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

MEX:QSR N Restaurant Brands International Inc MEX:QSR N
76 GF Score
Price MXN1,300.00
GF Value MXN1,446.22
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is Restaurant Brands International E10?

Restaurant Brands International MEX:QSR N 76 E10 is MXN50.51 as of Mar. 2026. GuruFocus rates MEX:QSR N with a GF Score™ of 76/100 and a GF Value™ of MXN1,446.22 (Modestly Undervalued). The stock has 5 warning signs investors should review.

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.

Restaurant Brands International's adjusted earnings per share data for the three months ended in Mar. 2026 was MXN17.492. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is MXN50.51 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Restaurant Brands International's average E10 Growth Rate was 10.20% 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.

As of today (2026-07-17), Restaurant Brands International's current stock price is MXN1300.00. Restaurant Brands International's E10 for the quarter that ended in Mar. 2026 was MXN50.51. Restaurant Brands International's Shiller PE Ratio of today is 25.74.

During the past 13 years, the highest Shiller PE Ratio of Restaurant Brands International was 38.49. The lowest was 22.59. And the median was 26.21.


Restaurant Brands International  (MEX:QSR N) 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.

Restaurant Brands International's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=1300.00/50.51
=25.74

* 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 Restaurant Brands International was 38.49. The lowest was 22.59. And the median was 26.21.


Be Aware

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


Restaurant Brands International E10 Related Terms


Restaurant Brands International E10 Historical Data

* Premium members only.

The historical data trend for Restaurant Brands International'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.

Restaurant Brands International E10 Chart

Restaurant Brands International 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 34.81 53.44 53.88

Restaurant Brands International 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 49.86 56.94 51.07 53.88 50.51

MEX:QSR N vs MCD, SBUX, YUM: E10 Comparison

For the Restaurants subindustry, Restaurant Brands International'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.


Restaurant Brands International Shiller PE Ratio vs Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Restaurant Brands International's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Restaurant Brands International's Shiller PE Ratio falls into.


MEX:QSR N
76GF Score
Restaurant Brands International Inc MEX:QSR N
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Restaurant Brands International 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, Restaurant Brands International'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)
=17.492/330.2130*330.2130
=17.492

Current CPI (Mar. 2026) = 330.2130.

Restaurant Brands International Quarterly Data

per share eps CPI Adj_EPS
201606 7.028 241.018 9.629
201609 6.961 241.428 9.521
201612 10.309 241.432 14.100
201703 3.954 243.801 5.355
201706 6.688 244.955 9.016
201709 6.715 246.819 8.984
201712 31.227 246.524 41.828
201803 10.719 249.554 14.184
201806 12.969 251.989 16.995
201809 9.914 252.439 12.968
201812 12.566 251.233 16.516
201903 10.281 254.202 13.355
201906 10.565 256.143 13.620
201909 14.807 256.759 19.043
201912 10.184 256.974 13.086
202003 11.255 258.115 14.399
202006 8.079 257.797 10.348
202009 10.383 260.280 13.173
202012 5.968 260.474 7.566
202103 11.856 264.877 14.780
202106 16.721 271.696 20.322
202109 14.393 274.310 17.326
202112 11.693 278.802 13.849
202203 11.747 287.504 13.492
202206 15.290 296.311 17.039
202209 23.535 296.808 26.184
202212 14.427 296.797 16.051
202303 10.995 301.836 12.029
202306 13.201 305.109 14.287
202309 13.761 307.789 14.764
202312 27.159 306.746 29.237
202403 11.949 312.332 12.633
202406 16.122 314.175 16.945
202409 15.555 315.301 16.291
202412 16.476 315.605 17.239
202503 10.025 319.799 10.351
202506 10.733 322.561 10.988
202509 17.610 324.800 17.903
202512 6.122 324.054 6.238
202603 17.492 330.213 17.492

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 MXN50.51 mean?
Restaurant Brands International (MEX:QSR N) has a E10 of MXN50.51 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Restaurant Brands International and its competitors.
Is Restaurant Brands International's E10 too high?
Restaurant Brands International's current E10 is MXN50.51. Overall, Restaurant Brands International has a GF Score™ of 76/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Restaurant Brands International's E10 compare to MCD and SBUX?
Restaurant Brands International's E10 of MXN50.51 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 Restaurant Brands International and its competitors. Restaurant Brands International's current E10 is MXN50.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Restaurant Brands International stock overvalued right now?
Based on GuruFocus' analysis, Restaurant Brands International (MEX:QSR N) is currently considered Modestly Undervalued. The stock's GF Value™ is MXN1,446.22, compared to a current price of MXN1,300.00 — trading 10.1% below its estimated fair value. The current E10 is MXN50.51. Restaurant Brands International's overall GF Score™ is 76/100 with 5 warning signs to review. 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 Restaurant Brands International (MEX:QSR N), the current E10 is MXN50.51 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 Restaurant Brands International (MEX:QSR N) Overvalued in 2026?

Based on GuruFocus' analysis, Restaurant Brands International stock appears to be undervalued. The current stock price of MXN1,300.00 is trading 10.1% below its estimated GF Value™ of MXN1,446.22. GuruFocus considers Restaurant Brands International to be Modestly Undervalued.

Key valuation signals for MEX:QSR N:

  • E10: MXN50.51
  • GF Value™: MXN1,446.22 vs. price of MXN1,300.00 (10.1% below fair value)
  • GF Score™: 76/100 with 5 warning signs

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


Restaurant Brands International Business Description

Address 5707 Waterford District Drive, Suite 300, P.O. Box 339, Miami, FL, USA, 33126
Restaurant Brands generates about $47 billion in system sales across more than 33,000 restaurants in over 120 markets, making it one of the largest restaurant companies globally. Its banners include Burger King (7,025 stores), Tim Hortons (4,586), Popeyes (3,578), and Firehouse Subs (1,449), concentrated in the US and Canada, with these brands also comprising 16,403 franchised international locations as of year-end 2025. The firm primarily earns revenue from franchise and property fees, supply chain sales within the Tim Hortons segment, company-operated restaurants, and advertising royalties.
76GF Score

Get the complete analysis for MEX:QSR N

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

MXN1,300.00
Price
MXN1,446.22
GF Value