SHAK (Shake Shack) EV-to-EBITDA: 20.07 (As of Aug. 29, 2026) — 43% Below Median

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Director of Data and Quant Analytics at GuruFocus
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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.

SHAK Shake Shack Inc SHAK
80 GF Score
Price $69.89
GF Value $120.26
Valuation Significantly Undervalued
! 2 Warning Signs
View Full Analysis

What is Shake Shack EV-to-EBITDA?

Shake Shack SHAK -0.94% 80 EV-to-EBITDA is 20.07 as of Aug. 29, 2026, which is 43% below its 10-year median of 35.06. GuruFocus rates SHAK with a GF Score™ of 80/100 and a GF Value™ of $120.26 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 308 Restaurants companies, Shake Shack ranks worse than 82.14% on this metric.

EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Shake Shack's enterprise value is $3,665 Mil. Shake Shack's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 was $183 Mil. Therefore, Shake Shack's EV-to-EBITDA for today is 20.07.

The historical rank and industry rank for Shake Shack's EV-to-EBITDA or its related term are showing as below:

SHAK' s EV-to-EBITDA Range Over the Past 10 Years
Min: -3458.66   Med: 35.06   Max: 929.31
Current: 20.07

During the past 13 years, the highest EV-to-EBITDA of Shake Shack was 929.31. The lowest was -3458.66. And the median was 35.06.

SHAK's EV-to-EBITDA is ranked worse than
82.14% of 308 companies
in the Restaurants industry
Industry Median: 9.935 vs SHAK: 20.07

EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio to determine the fair market value of a company.

As of today (2026-08-29), Shake Shack's stock price is $69.89. Shake Shack's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 was $0.940. Therefore, Shake Shack's PE Ratio (TTM) for today is 74.35.

The "classic" EV-to-EBITDA is much better in capturing debt and net cash than the PE Ratio (TTM).


Shake Shack  (NYSE:SHAK) EV-to-EBITDA Explanation

EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.

Shake Shack's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=69.89/0.940
=74.35

Shake Shack's share price for today is $69.89.
Shake Shack's Earnings per Share (Diluted) 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 $0.940.

* 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.

Study has found that the companies with the lowest EV-to-EBITDA outperforms companies measured as cheap by other ratios such as PE Ratio (TTM).

Please read Which price ratio outperforms the enterprise multiple?


Shake Shack EV-to-EBITDA Related Terms


Shake Shack EV-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Shake Shack's EV-to-EBITDA 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.

Shake Shack EV-to-EBITDA Chart

Shake Shack Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 70.92 40.08 30.70 47.26 20.91

Shake Shack Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
EV-to-EBITDA 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 45.18 24.61 20.91 23.41 16.06

SHAK vs ARCO, BJRI, WEN: EV-to-EBITDA Comparison

For the Restaurants subindustry, Shake Shack's EV-to-EBITDA, along with its competitors' market caps and EV-to-EBITDA 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.


Shake Shack EV-to-EBITDA vs Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Shake Shack's EV-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Shake Shack's EV-to-EBITDA falls into.


SHAK
80GF Score
Shake Shack Inc SHAK
EV-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shake Shack EV-to-EBITDA Calculation

Shake Shack's EV-to-EBITDA for today is calculated as:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA (TTM)
=3665.017/182.602
=20.07

Shake Shack's current Enterprise Value is $3,665 Mil.
Shake Shack's EBITDA 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 $183 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-EBITDA →
What does a EV-to-EBITDA of 20.07 mean?
Shake Shack (SHAK) has a EV-to-EBITDA of 20.07 as of Aug. 29, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Shake Shack. This is 43% below median its historical median of 35.06. According to the industry distribution chart, Shake Shack ranks #253 out of 308 companies in the Restaurants industry, placing it in the top 82.1%.
Is Shake Shack's EV-to-EBITDA too high?
Shake Shack's current EV-to-EBITDA of 20.07 is 43% below median its 10-year median of 35.06. The Restaurants industry median EV-to-EBITDA is 9.94. Shake Shack's value of 20.07 is 102% above this industry median. Based on the distribution chart, Shake Shack ranks #253 out of 308 companies in the Restaurants industry, which is in the bottom quartile relative to peers. Overall, Shake Shack has a GF Score™ of 80/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Shake Shack's EV-to-EBITDA compare to ARCO and BJRI?
According to the Restaurants industry distribution chart, Shake Shack ranks #253 out of 308 companies for EV-to-EBITDA. This places Shake Shack in the lower half of its industry. The industry median EV-to-EBITDA is 9.94. Shake Shack's value of 20.07 is 102% above this benchmark. While the company's 10-year median is 35.06 vs. the industry median of 9.94, Shake Shack 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-EBITDA for a Restaurants company?
The median EV-to-EBITDA among Restaurants companies is 9.94, based on 308 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Shake Shack's current EV-to-EBITDA of 20.07 is 102% 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-EBITDA mean?
A high EV-to-EBITDA can signal that a stock is expensive relative to its fundamentals. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Shake Shack. For the Restaurants industry, the median EV-to-EBITDA is 9.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shake Shack's current EV-to-EBITDA is 20.07, which is 43% below median its own 10-year median of 35.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shake Shack stock overvalued right now?
Based on GuruFocus' analysis, Shake Shack (SHAK) is currently considered Significantly Undervalued. The stock's GF Value™ is $120.26, compared to a current price of $69.89 — trading 41.9% below its estimated fair value. The current EV-to-EBITDA is 20.07, which is 43% below median its 10-year median of 35.06 and 102% above the Restaurants industry median of 9.94. Shake Shack's overall GF Score™ is 80/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBITDA calculated?
EV-to-EBITDA is calculated from a company's financial statements. For Shake Shack (SHAK), the current EV-to-EBITDA is 20.07 as of Aug. 29, 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 Shake Shack (SHAK) Overvalued in 2026?

Based on GuruFocus' analysis, Shake Shack stock appears to be undervalued. The current stock price of $69.89 is trading 41.9% below its estimated GF Value™ of $120.26. GuruFocus considers Shake Shack to be Significantly Undervalued.

Key valuation signals for SHAK:

  • EV-to-EBITDA: 20.07 (43% below median its 10-year median of 35.06)
  • GF Value™: $120.26 vs. price of $69.89 (41.9% below fair value)
  • GF Score™: 80/100 with 2 warning signs
  • Industry Position: 102% above the Restaurants median (#253 of 308)

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


Shake Shack Business Description

Address 225 Varick Street, Suite 301, New York, NY, USA, 10014
Shake Shack Inc is a roadside burger stand. It serves a classic American menu of premium burgers, hot dogs, crispy chicken, frozen custard, crinkle-cut fries, shakes, beer, wine, and more. The company's burgers are made with a whole-muscle blend of all-natural, hormone and antibiotic-free Angus beef, ground fresh daily, cooked to order, and served on a non-genetically modified organism (GMO) potato bun. Its menu focuses on food and beverages, crafted from a range of classic American foods. The company serves draft Root Beer, seasonal freshly-squeezed lemonade, organic fresh-brewed iced tea, cold brew coffee, organic apple juice, and Shack20 bottled water. Geographically, the company generates the majority of its revenue from the United States.
80GF Score

Get the complete analysis for SHAK

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

$69.89
Price
$120.26
GF Value