Restaurant Brands International LP (TSX:QSP.UN) EV-to-OCF: 20.90 (As of Sep. 20, 2026) — 21% Below Median

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TSX:QSP.UN Restaurant Brands International LP TSX:QSP.UN
85 GF Score
Price C$103.46
GF Value C$113.75
Valuation Fairly Valued
! 7 Warning Signs
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What is Restaurant Brands International LP EV-to-OCF?

Restaurant Brands International LP TSX:QSP.UN 85 EV-to-OCF is 20.90 as of Sep. 20, 2026, which is 21% below its 10-year median of 26.39. GuruFocus rates TSX:QSP.UN with a GF Score™ of 85/100 and a GF Value™ of C$113.75 (Fairly Valued). The stock has 7 warning signs investors should review. Among 364 Restaurants companies, Restaurant Brands International LP ranks worse than 82.97% on this metric.

EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Restaurant Brands International LP's Enterprise Value is C$55,161 Mil. Restaurant Brands International LP's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was C$2,639 Mil. Therefore, Restaurant Brands International LP's EV-to-OCF for today is 20.90.

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

TSX:QSP.UN' s EV-to-OCF Range Over the Past 10 Years
Min: 16.66   Med: 26.39   Max: 39.81
Current: 21.64

During the past 13 years, the highest EV-to-OCF of Restaurant Brands International LP was 39.81. The lowest was 16.66. And the median was 26.39.

TSX:QSP.UN's EV-to-OCF is ranked worse than
82.97% of 364 companies
in the Restaurants industry
Industry Median: 9.48 vs TSX:QSP.UN: 21.64

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 (2026-09-20), Restaurant Brands International LP's stock price is C$103.46. Restaurant Brands International LP's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 was C$5.006. Therefore, Restaurant Brands International LP's PE Ratio (TTM) for today is 20.67.


Restaurant Brands International LP  (TSX:QSP.UN) 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 LP's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=103.46/5.006
=20.67

Restaurant Brands International LP's share price for today is C$103.46.
Restaurant Brands International LP'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 C$5.006.

* 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 LP EV-to-OCF Related Terms


Restaurant Brands International LP EV-to-OCF Historical Data

* Premium members only.

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

Restaurant Brands International LP 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 24.50 29.50 39.30 31.28 26.24

Restaurant Brands International LP 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 27.75 26.78 26.41 27.02 25.54

TSX:QSP.UN vs MCD, SBUX, CMG: EV-to-OCF Comparison

For the Restaurants subindustry, Restaurant Brands International LP'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 LP EV-to-OCF vs Restaurants Industry

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

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


TSX:QSP.UN
85GF Score
Restaurant Brands International LP TSX:QSP.UN
EV-to-OCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Restaurant Brands International LP EV-to-OCF Calculation

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

EV-to-OCF=Enterprise Value (Today)/Cash Flow from Operations (TTM)
=55161.406/2639.0610917185
=20.90

Restaurant Brands International LP's current Enterprise Value is C$55,161 Mil.
Restaurant Brands International LP'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 C$2,639 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 20.90 mean?
Restaurant Brands International LP (TSX:QSP.UN) has a EV-to-OCF of 20.90 as of Sep. 20, 2026. This is 21% below median its historical median of 26.39. Over the past decade, Restaurant Brands International LP's EV-to-OCF has ranged from 16.66 to 39.81. According to the industry distribution chart, Restaurant Brands International LP ranks #302 out of 364 companies in the Restaurants industry, placing it in the top 83%.
Is Restaurant Brands International LP's EV-to-OCF too high?
Restaurant Brands International LP's current EV-to-OCF of 20.90 is 21% below median its 10-year median of 26.39. Over the past 10 years, this metric has ranged from a low of 16.66 to a high of 39.81. The Restaurants industry median EV-to-OCF is 9.48. Restaurant Brands International LP's value of 20.90 is 120.5% above this industry median. Based on the distribution chart, Restaurant Brands International LP ranks #302 out of 364 companies in the Restaurants industry, which is in the bottom quartile relative to peers. Overall, Restaurant Brands International LP has a GF Score™ of 85/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Restaurant Brands International LP's EV-to-OCF compare to MCD and SBUX?
According to the Restaurants industry distribution chart, Restaurant Brands International LP ranks #302 out of 364 companies for EV-to-OCF. This places Restaurant Brands International LP in the lower half of its industry. The industry median EV-to-OCF is 9.48. Restaurant Brands International LP's value of 20.90 is 120.5% above this benchmark. Historically, Restaurant Brands International LP's own EV-to-OCF has ranged from 16.66 to 39.81 over the past decade. While the company's 10-year median is 26.39 vs. the industry median of 9.48, Restaurant Brands International LP 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 9.48, 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 LP's current EV-to-OCF of 20.90 is 120.5% 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 9.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Restaurant Brands International LP's current EV-to-OCF is 20.90, which is 21% below median its own 10-year median of 26.39. 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 LP stock overvalued right now?
Based on GuruFocus' analysis, Restaurant Brands International LP (TSX:QSP.UN) is currently considered Fairly Valued. The stock's GF Value™ is C$113.75, compared to a current price of C$103.46 — trading 9% below its estimated fair value. The current EV-to-OCF is 20.90, which is 21% below median its 10-year median of 26.39 and 120.5% above the Restaurants industry median of 9.48. Restaurant Brands International LP's overall GF Score™ is 85/100 with 7 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 LP (TSX:QSP.UN), the current EV-to-OCF is 20.90 as of Sep. 20, 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 LP (TSX:QSP.UN) Overvalued in 2026?

Based on GuruFocus' analysis, Restaurant Brands International LP stock appears to be undervalued. The current stock price of C$103.46 is trading 9% below its estimated GF Value™ of C$113.75. GuruFocus considers Restaurant Brands International LP to be Fairly Valued.

Key valuation signals for TSX:QSP.UN:

  • EV-to-OCF: 20.90 (21% below median its 10-year median of 26.39)
  • GF Value™: C$113.75 vs. price of C$103.46 (9% below fair value)
  • GF Score™: 85/100 with 7 warning signs
  • Industry Position: 120.5% above the Restaurants median (#302 of 364)

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


Restaurant Brands International LP Business Description

Other Exchanges RSTRF:USA
Address 130 King Street West, Suite 300, P.O. Box 339, Toronto, ON, CAN, M5X 1E1
Restaurant Brands International LP is a Canada-based firm. It owns, operates and franchises quick-service restaurants and possesses market recognition. The company has five segments Tim Hortons (TH), Burger King (BK), Popeyes Louisiana Kitchen (PLK), Firehouse Subs( FHS), Restaurant Holdings (RH) and International (INTL). It derives maximum profit from the Tim Hortons segment.
85GF Score

Get the complete analysis for TSX:QSP.UN

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

C$103.46
Price
C$113.75
GF Value