Chipotle Mexican Grill's Enterprise Value for the quarter that ended in Dec. 2023 was $65,478 Mil.
Chipotle Mexican Grill's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $1,633 Mil. Chipotle Mexican Grill's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 2.49%.
The historical rank and industry rank for Chipotle Mexican Grill's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
CMG'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 0.62 Med: 2.51 Max: 6.47
Current: 2
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Chipotle Mexican Grill was 6.47%. The lowest was 0.62%. And the median was 2.51%.
CMG's Earnings Yield (Joel Greenblatt) % is ranked worse than 63.2% of 356
companies
in the Restaurants industry
Industry Median: 3.505
vs CMG: 2.00
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
A better indicator of the attractiveness of an investment which takes growth into account is the Forward Rate of Return (Yacktman) %. Chipotle Mexican Grill's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 was 21.08%. The Forward Rate of Return uses the normalized Free Cash Flow of the past seven years, and considers growth. The forward rate of return can be thought of as the return that investors buying the stock today can expect from it in the future.
Chipotle Mexican Grill Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Chipotle Mexican Grill's Earnings Yield (Joel Greenblatt) % 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.
For the Restaurants subindustry, Chipotle Mexican Grill's Earnings Yield (Joel Greenblatt) %, along with its competitors' market caps and Earnings Yield (Joel Greenblatt) % 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 Earnings Yield (Joel Greenblatt) % Distribution
For the Restaurants industry and Consumer Cyclical sector, Chipotle Mexican Grill's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Chipotle Mexican Grill's Earnings Yield (Joel Greenblatt) % falls into.
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
Chipotle Mexican Grills Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
Chipotle Mexican Grill's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,633 Mil.
Joel Greenblatt defines the earnings yield using the above equation because it more accurately reflects the company's profitability relative to its stock price. Items like interest payment and tax etc. are not directly related to the company's operational profitability.
Enterprise Value instead of market cap (share price) is used in the calculation because it is the real price stock and bond investors together pay for the company.
Be Aware
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
Chipotle Mexican Grill Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Chipotle Mexican Grill's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Chipotle Mexican Grill (Chipotle Mexican Grill) Business Description
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.
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