Chipotle Mexican GrillCMG +2.39%80 EV-to-FCF is 29.89 as of Jun. 24, 2026, which is 48% below its 10-year median of 57.08. GuruFocus rates CMG with a GF Score™ of 80/100 and a GF Value™ of $59.72 (Significantly Undervalued). Among 277 Restaurants companies, Chipotle Mexican Grill ranks worse than 71.48% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Chipotle Mexican Grill's Enterprise Value is $45,027 Mil.
Chipotle Mexican Grill's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was $1,506 Mil. Therefore, Chipotle Mexican Grill's EV-to-FCF for today is 29.89.
The historical rank and industry rank for Chipotle Mexican Grill's EV-to-FCF or its related term are showing as below:
CMG'
s EV-to-FCF Range Over the Past 10 Years
Min: 26.58 Med: 57.08 Max: 157.76
Current: 29.89
During the past 13 years, the highest EV-to-FCF of Chipotle Mexican Grill was 157.76. The lowest was 26.58. And the median was 57.08.
CMG's EV-to-FCF is ranked worse than 71.48% of 277
companies
in the Restaurants industry
Industry Median: 17.64
vs CMG: 29.89
EV-to-FCF 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.
EV-to-FCF 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.
Chipotle Mexican Grill's PE Ratio (TTM) for today is calculated as:
Chipotle Mexican Grill's share price for today is $31.69.
Chipotle Mexican Grill's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $1.090.
* 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. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
* 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 EV-to-FCF, along with its competitors' market caps and EV-to-FCF 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-FCF vs Restaurants Industry
For the Restaurants industry and Consumer Cyclical sector, Chipotle Mexican Grill's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Chipotle Mexican Grill's EV-to-FCF falls into.
Chipotle Mexican Grill's current Enterprise Value is $45,027 Mil.
Chipotle Mexican Grill's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,506 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 (CMG) has a EV-to-FCF of 29.89 as of Jun. 24, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Chipotle Mexican Grill and its competitors. This is 48% below median its historical median of 57.08. Over the past decade, Chipotle Mexican Grill's EV-to-FCF has ranged from 26.58 to 157.76. According to the industry distribution chart, Chipotle Mexican Grill ranks #198 out of 277 companies in the Restaurants industry, placing it in the top 71.5%.
Is Chipotle Mexican Grill's EV-to-FCF too high?
Chipotle Mexican Grill's current EV-to-FCF of 29.89 is 48% below median its 10-year median of 57.08. Over the past 10 years, this metric has ranged from a low of 26.58 to a high of 157.76. The Restaurants industry median EV-to-FCF is 17.64. Chipotle Mexican Grill's value of 29.89 is 69.4% above this industry median. Based on the distribution chart, Chipotle Mexican Grill ranks #198 out of 277 companies in the Restaurants industry, which is below the industry midpoint. Overall, Chipotle Mexican Grill has a GF Score™ of 80/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Chipotle Mexican Grill's EV-to-FCF compare to YUM and DRI?
According to the Restaurants industry distribution chart, Chipotle Mexican Grill ranks #198 out of 277 companies for EV-to-FCF. This places Chipotle Mexican Grill in the lower half of its industry. The industry median EV-to-FCF is 17.64. Chipotle Mexican Grill's value of 29.89 is 69.4% above this benchmark. Historically, Chipotle Mexican Grill's own EV-to-FCF has ranged from 26.58 to 157.76 over the past decade. While the company's 10-year median is 57.08 vs. the industry median of 17.64, 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-FCF for a Restaurants company?
The median EV-to-FCF among Restaurants companies is 17.64, based on 277 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Chipotle Mexican Grill's current EV-to-FCF of 29.89 is 69.4% 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-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Chipotle Mexican Grill and its competitors. For the Restaurants industry, the median EV-to-FCF is 17.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Chipotle Mexican Grill's current EV-to-FCF is 29.89, which is 48% below median its own 10-year median of 57.08. 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 (CMG) is currently considered Significantly Undervalued. The stock's GF Value™ is $59.72, compared to a current price of $31.69 — trading 46.9% below its estimated fair value. The current EV-to-FCF is 29.89, which is 48% below median its 10-year median of 57.08 and 69.4% above the Restaurants industry median of 17.64. Chipotle Mexican Grill's overall GF Score™ is 80/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For Chipotle Mexican Grill (CMG), the current EV-to-FCF is 29.89 as of Jun. 24, 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 (CMG) Overvalued in 2026?
Based on GuruFocus' analysis, Chipotle Mexican Grill stock appears to be undervalued.
The current stock price of $31.69 is trading 46.9% below its estimated GF Value™ of $59.72.
GuruFocus considers Chipotle Mexican Grill to be Significantly Undervalued.
Key valuation signals for CMG:
EV-to-FCF: 29.89 (48% below median its 10-year median of 57.08)
GF Value™: $59.72 vs. price of $31.69 (46.9% below fair value)
Industry Position: 69.4% above the Restaurants median (#198 of 277)
No single metric tells the full story. See the CMG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
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