Chipotle Mexican Grill (TSX:CMGS) EV-to-EBIT: 25.82 (As of Jul. 30, 2026) — 41% Below Median

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.

TSX:CMGS Chipotle Mexican Grill Inc TSX:CMGS
70 GF Score
Price C$13.25
GF Value C$23.38
Valuation Significantly Undervalued
! 1 Warning Sign
View Full Analysis

What is Chipotle Mexican Grill EV-to-EBIT?

Chipotle Mexican Grill TSX:CMGS +3.03% 70 EV-to-EBIT is 25.82 as of Jul. 30, 2026, which is 41% below its 10-year median of 43.41. 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 263 Restaurants companies, Chipotle Mexican Grill ranks worse than 70.34% on this metric.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Chipotle Mexican Grill's Enterprise Value is C$68,650 Mil. Chipotle Mexican Grill's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was C$2,658 Mil. Therefore, Chipotle Mexican Grill's EV-to-EBIT for today is 25.82.

The historical rank and industry rank for Chipotle Mexican Grill's EV-to-EBIT or its related term are showing as below:

TSX:CMGS' s EV-to-EBIT Range Over the Past 10 Years
Min: 21.97   Med: 43.41   Max: 162.47
Current: 25.11

During the past 13 years, the highest EV-to-EBIT of Chipotle Mexican Grill was 162.47. The lowest was 21.97. And the median was 43.41.

TSX:CMGS's EV-to-EBIT is ranked worse than
70.34% of 263 companies
in the Restaurants industry
Industry Median: 16.85 vs TSX:CMGS: 25.11

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %. Chipotle Mexican Grill's Enterprise Value for the quarter that ended in Jun. 2026 was C$64,228 Mil. Chipotle Mexican Grill's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was C$2,658 Mil. Chipotle Mexican Grill's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 4.14%.


Chipotle Mexican Grill  (TSX:CMGS) EV-to-EBIT Explanation

This is a more accurate valuation of companies' operation because it considers the debt and cash on its balance sheet, and non-operating items such as interest payment, tax, and one-time items are not included in the Operating Income.

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %.

Chipotle Mexican Grill's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2026 is calculated as:

Earnings Yield (Joel Greenblatt) % (Q: Jun. 2026 ) =EBIT / Enterprise Value (Q: Jun. 2026 )
=2658.432/64227.6924
=4.14 %

Chipotle Mexican Grill's Enterprise Value for the quarter that ended in Jun. 2026 was C$64,228 Mil.
Chipotle Mexican Grill's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was C$2,658 Mil.

* 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 EV-to-EBIT Related Terms


Chipotle Mexican Grill EV-to-EBIT Historical Data

* Premium members only.

The historical data trend for Chipotle Mexican Grill's EV-to-EBIT 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 EV-to-EBIT Chart

Chipotle Mexican Grill Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 60.95 33.99 40.09 42.84 25.98

Chipotle Mexican Grill Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
EV-to-EBIT 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 39.29 27.81 25.98 23.52 0.00

TSX:CMGS vs YUM, DRI, YUMC: EV-to-EBIT Comparison

For the Restaurants subindustry, Chipotle Mexican Grill's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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 EV-to-EBIT vs Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Chipotle Mexican Grill's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Chipotle Mexican Grill's EV-to-EBIT falls into.


TSX:CMGS
70GF Score
Chipotle Mexican Grill Inc TSX:CMGS
EV-to-EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Chipotle Mexican Grill EV-to-EBIT Calculation

Chipotle Mexican Grill's EV-to-EBIT for today is calculated as:

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=68650.422/2658.432
=25.82

Chipotle Mexican Grill's current Enterprise Value is C$68,650 Mil.
Chipotle Mexican Grill's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was C$2,658 Mil.

* 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.

Frequently Asked Questions Learn more about EV-to-EBIT →
What does a EV-to-EBIT of 25.82 mean?
Chipotle Mexican Grill (TSX:CMGS) has a EV-to-EBIT of 25.82 as of Jul. 30, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Chipotle Mexican Grill and its competitors. This is 41% below median its historical median of 43.41. Over the past decade, Chipotle Mexican Grill's EV-to-EBIT has ranged from 21.97 to 162.47. According to the industry distribution chart, Chipotle Mexican Grill ranks #185 out of 263 companies in the Restaurants industry, placing it in the top 70.3%.
Is Chipotle Mexican Grill's EV-to-EBIT too high?
Chipotle Mexican Grill's current EV-to-EBIT of 25.82 is 41% below median its 10-year median of 43.41. Over the past 10 years, this metric has ranged from a low of 21.97 to a high of 162.47. The Restaurants industry median EV-to-EBIT is 16.85. Chipotle Mexican Grill's value of 25.82 is 53.2% above this industry median. Based on the distribution chart, Chipotle Mexican Grill ranks #185 out of 263 companies in the Restaurants industry, which is below the industry midpoint. 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 EV-to-EBIT compare to YUM and DRI?
According to the Restaurants industry distribution chart, Chipotle Mexican Grill ranks #185 out of 263 companies for EV-to-EBIT. This places Chipotle Mexican Grill in the lower half of its industry. The industry median EV-to-EBIT is 16.85. Chipotle Mexican Grill's value of 25.82 is 53.2% above this benchmark. Historically, Chipotle Mexican Grill's own EV-to-EBIT has ranged from 21.97 to 162.47 over the past decade. While the company's 10-year median is 43.41 vs. the industry median of 16.85, 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 EV-to-EBIT for a Restaurants company?
The median EV-to-EBIT among Restaurants companies is 16.85, based on 263 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBIT significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Chipotle Mexican Grill's current EV-to-EBIT of 25.82 is 53.2% 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 EV-to-EBIT mean?
A high EV-to-EBIT can signal that a stock is expensive relative to its fundamentals. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Chipotle Mexican Grill and its competitors. For the Restaurants industry, the median EV-to-EBIT is 16.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Chipotle Mexican Grill's current EV-to-EBIT is 25.82, which is 41% below median its own 10-year median of 43.41. 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 EV-to-EBIT is 25.82, which is 41% below median its 10-year median of 43.41 and 53.2% above the Restaurants industry median of 16.85. 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 EV-to-EBIT calculated?
EV-to-EBIT is calculated from a company's financial statements. For Chipotle Mexican Grill (TSX:CMGS), the current EV-to-EBIT is 25.82 as of Jul. 30, 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:

  • EV-to-EBIT: 25.82 (41% below median its 10-year median of 43.41)
  • GF Value™: C$23.38 vs. price of C$13.25 (43.3% below fair value)
  • GF Score™: 70/100 with 1 warning sign
  • Industry Position: 53.2% above the Restaurants median (#185 of 263)

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 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.
70GF Score

Get the complete analysis for TSX:CMGS

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

C$13.25
Price
C$23.38
GF Value