QSR (Restaurant Brands International) EV-to-OCF: 23.12 (As of Sep. 02, 2026) — 28% Below Median

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QSR Restaurant Brands International Inc QSR
89 GF Score
Price $79.63
GF Value $79.83
Valuation Fairly Valued
! 5 Warning Signs
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What is Restaurant Brands International EV-to-OCF?

Restaurant Brands International QSR +1.80% 89 EV-to-OCF is 23.12 as of Sep. 02, 2026, which is 28% below its 10-year median of 32.26. GuruFocus rates QSR with a GF Score™ of 89/100 and a GF Value™ of $79.83 (Fairly Valued). The stock has 5 warning signs investors should review. Among 364 Restaurants companies, Restaurant Brands International ranks worse than 83.79% on this metric.

EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Restaurant Brands International's Enterprise Value is $44,015 Mil. Restaurant Brands International's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was $1,904 Mil. Therefore, Restaurant Brands International's EV-to-OCF for today is 23.12.

The historical rank and industry rank for Restaurant Brands International's EV-to-OCF or its related term are showing as below:

QSR' s EV-to-OCF Range Over the Past 10 Years
Min: 20.3   Med: 32.26   Max: 47.48
Current: 23.12

During the past 13 years, the highest EV-to-OCF of Restaurant Brands International was 47.48. The lowest was 20.30. And the median was 32.26.

QSR's EV-to-OCF is ranked worse than
83.79% of 364 companies
in the Restaurants industry
Industry Median: 9.67 vs QSR: 23.12

EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. 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.

As of today (2026-09-02), Restaurant Brands International's stock price is $79.63. Restaurant Brands International's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 was $3.720. Therefore, Restaurant Brands International's PE Ratio (TTM) for today is 21.41.


Restaurant Brands International  (NYSE:QSR) EV-to-OCF Explanation

EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. 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.

Restaurant Brands International's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=79.63/3.720
=21.41

Restaurant Brands International's share price for today is $79.63.
Restaurant Brands International'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 $3.720.

* 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.

Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.


Restaurant Brands International EV-to-OCF Related Terms


Restaurant Brands International EV-to-OCF Historical Data

* Premium members only.

The historical data trend for Restaurant Brands International's EV-to-OCF 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 EV-to-OCF Chart

Restaurant Brands International Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-OCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 19.51 23.41 29.74 25.08 23.09

Restaurant Brands International Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
EV-to-OCF 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 23.86 22.74 23.09 23.13 22.20

QSR vs MCD, SBUX, CMG: EV-to-OCF Comparison

For the Restaurants subindustry, Restaurant Brands International's EV-to-OCF, along with its competitors' market caps and EV-to-OCF 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 EV-to-OCF vs Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Restaurant Brands International's EV-to-OCF distribution charts can be found below:

* The bar in red indicates where Restaurant Brands International's EV-to-OCF falls into.


QSR
89GF Score
Restaurant Brands International Inc QSR
EV-to-OCF is just one metric. See GF Score™, valuation, warning signs, and more.
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Restaurant Brands International EV-to-OCF Calculation

Restaurant Brands International's EV-to-OCF for today is calculated as:

EV-to-OCF=Enterprise Value (Today)/Cash Flow from Operations (TTM)
=44014.759/1904
=23.12

Restaurant Brands International's current Enterprise Value is $44,015 Mil.
Restaurant Brands International's Cash Flow from Operations 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 $1,904 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-OCF →
What does a EV-to-OCF of 23.12 mean?
Restaurant Brands International (QSR) has a EV-to-OCF of 23.12 as of Sep. 02, 2026. This is 28% below median its historical median of 32.26. Over the past decade, Restaurant Brands International's EV-to-OCF has ranged from 20.30 to 47.48. According to the industry distribution chart, Restaurant Brands International ranks #305 out of 364 companies in the Restaurants industry, placing it in the top 83.8%.
Is Restaurant Brands International's EV-to-OCF too high?
Restaurant Brands International's current EV-to-OCF of 23.12 is 28% below median its 10-year median of 32.26. Over the past 10 years, this metric has ranged from a low of 20.30 to a high of 47.48. The Restaurants industry median EV-to-OCF is 9.67. Restaurant Brands International's value of 23.12 is 139.1% above this industry median. Based on the distribution chart, Restaurant Brands International ranks #305 out of 364 companies in the Restaurants industry, which is in the bottom quartile relative to peers. Overall, Restaurant Brands International has a GF Score™ of 89/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Restaurant Brands International's EV-to-OCF compare to MCD and SBUX?
According to the Restaurants industry distribution chart, Restaurant Brands International ranks #305 out of 364 companies for EV-to-OCF. This places Restaurant Brands International in the lower half of its industry. The industry median EV-to-OCF is 9.67. Restaurant Brands International's value of 23.12 is 139.1% above this benchmark. Historically, Restaurant Brands International's own EV-to-OCF has ranged from 20.30 to 47.48 over the past decade. While the company's 10-year median is 32.26 vs. the industry median of 9.67, Restaurant Brands International 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-OCF for a Restaurants company?
The median EV-to-OCF among Restaurants companies is 9.67, based on 364 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-OCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Restaurant Brands International's current EV-to-OCF of 23.12 is 139.1% 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-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. For the Restaurants industry, the median EV-to-OCF is 9.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Restaurant Brands International's current EV-to-OCF is 23.12, which is 28% below median its own 10-year median of 32.26. 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 (QSR) is currently considered Fairly Valued. The stock's GF Value™ is $79.83, compared to a current price of $79.63 — trading 0.3% below its estimated fair value. The current EV-to-OCF is 23.12, which is 28% below median its 10-year median of 32.26 and 139.1% above the Restaurants industry median of 9.67. Restaurant Brands International's overall GF Score™ is 89/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For Restaurant Brands International (QSR), the current EV-to-OCF is 23.12 as of Sep. 02, 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 (QSR) Overvalued in 2026?

Based on GuruFocus' analysis, Restaurant Brands International stock appears to be undervalued. The current stock price of $79.63 is trading 0.3% below its estimated GF Value™ of $79.83. GuruFocus considers Restaurant Brands International to be Fairly Valued.

Key valuation signals for QSR:

  • EV-to-OCF: 23.12 (28% below median its 10-year median of 32.26)
  • GF Value™: $79.83 vs. price of $79.63 (0.3% below fair value)
  • GF Score™: 89/100 with 5 warning signs
  • Industry Position: 139.1% above the Restaurants median (#305 of 364)

No single metric tells the full story. See the QSR 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.
89GF Score

Get the complete analysis for QSR

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

$79.63
Price
$79.83
GF Value