Chipotle Mexican GrillHAM:C9F +1.55%80 PE Ratio without NRI is 30.87 as of Jul. 02, 2026, which is 47% below its 10-year median of 57.97. GuruFocus rates HAM:C9F with a GF Score™ of 80/100 and a GF Value™ of €50.38. Among 242 Restaurants companies, Chipotle Mexican Grill ranks worse than 74.79% on this metric.
The PE Ratio without NRI, or P/E Ratio without non-recurring items, is a financial ratio used to compare a company's market price to its EPS without NRI. As of today (2026-07-02), Chipotle Mexican Grill's share price is €29.45.
Chipotle Mexican Grill's EPS without NRI for the trailing twelve months (TTM) ended in Mar. 2026 was €0.95. Therefore, Chipotle Mexican Grill's PE Ratio without NRI for today is 30.87.
During the past 13 years, Chipotle Mexican Grill's highest PE Ratio without NRI was 251.54. The lowest was 26.37. And the median was 57.97.
Chipotle Mexican Grill (HAM:C9F) PE Ratio without NRI Explanation
The PE Ratio can be viewed as the number of years it takes for the company to earn back the price you pay for the stock. For example, if a company earns $2 a share per year, and the stock is traded at $30, the PE Ratio is 15. Therefore it takes 15 years for the company to earn back the $30 you paid for its stock, assuming the earnings stays constant over the next 15 years.
In real business, earnings never stay constant. If a company can grow its earnings, it takes fewer years for the company to earn back the price you pay for the stock. If a company's earnings decline it takes more years. As a shareholder, you want the company to earn back the price you pay as soon as possible. Therefore, lower P/E stocks are more attractive than higher P/E stocks so long as the PE Ratio is positive. Also for stocks with the same PE Ratio, the one with faster growth business is more attractive.
If a company loses money, the PE Ratio becomes meaningless.
To compare stocks with different growth rates, Peter Lynch invented a ratio called PEG Ratio. PEG Ratio is defined as the PE Ratio divided by the growth ratio. He thinks a company with a PE Ratio equal to its growth rate is fairly valued. Still he said he would rather buy a company growing 20% a year with a PE Ratio of 20, instead of a company growing 10% a year with a PE Ratio of 10.
Because the PE Ratio measures how long it takes to earn back the price you pay, the PE Ratio can be applied to the stocks across different industries. That is why it is the one of the most important and widely used indicators for the valuation of stocks.
Investors need to be aware that the PE Ratio can be misleading a lot of times, especially when the underlying business is cyclical and unpredictable. As Peter Lynch pointed out, cyclical businesses have higher profit margins at the peaks of the business cycles. Their earnings are high and PE Ratio s are artificially low. It is usually a bad idea to buy a cyclical business when the PE Ratio is low. A better ratio to identify the time to buy a cyclical businesses is the PS Ratio.
Chipotle Mexican Grill PE Ratio without NRI Related Terms
Chipotle Mexican Grill PE Ratio without NRI Historical Data
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The historical data trend for Chipotle Mexican Grill's PE Ratio without NRI 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.
HAM:C9F vs YUM, DRI, YUMC: PE Ratio without NRI Comparison
For the Restaurants subindustry, Chipotle Mexican Grill's PE Ratio without NRI, along with its competitors' market caps and PE Ratio without NRI 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 PE Ratio without NRI vs Restaurants Industry
For the Restaurants industry and Consumer Cyclical sector, Chipotle Mexican Grill's PE Ratio without NRI distribution charts can be found below:
* The bar in red indicates where Chipotle Mexican Grill's PE Ratio without NRI falls into.
Chipotle Mexican Grill PE Ratio without NRI Calculation
The PE Ratio without NRI, or P/E Ratio without non-recurring items, is a financial ratio used to compare a company's market price to its EPS without NRI. Regular PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than regular PE Ratio.
Chipotle Mexican Grill's Share Price of today is €29.45.
Chipotle Mexican Grill's EPS without NRI 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 €0.95.
* 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.
There are at least three kinds of PE Ratios used by different investors. They are Trailing Twelve Month PE Ratio, Forward PE Ratio, or PE Ratio without NRI. A new PE Ratio based on inflation-adjusted normalized PE Ratio is called Shiller PE Ratio, after Yale professor Robert Shiller.
In the case of PE Ratio without NRI, the reported earnings less the non-recurring items are used.
In the calculation of PE Ratio (TTM), the earnings per share used are the earnings per share over the past 12 months.
For Forward PE Ratio, the earnings are the expected earnings for the next twelve months.
For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. Since it looks at the average over the last 10 years, Shiller PE Ratio is also called PE10.
Chipotle Mexican Grill (HAM:C9F) has a PE Ratio without NRI of 30.87 as of Jul. 02, 2026. P/E without nonrecurring items is the ratio of share price to a company's earnings less one-time charges. View historical data on Chipotle Mexican Grill and its competitors. This is 47% below median its historical median of 57.97. Over the past decade, Chipotle Mexican Grill's PE Ratio without NRI has ranged from 26.37 to 251.54. According to the industry distribution chart, Chipotle Mexican Grill ranks #181 out of 242 companies in the Restaurants industry, placing it in the top 74.8%.
Is Chipotle Mexican Grill's PE Ratio without NRI too high?
Chipotle Mexican Grill's current PE Ratio without NRI of 30.87 is 47% below median its 10-year median of 57.97. Over the past 10 years, this metric has ranged from a low of 26.37 to a high of 251.54. The Restaurants industry median PE Ratio without NRI is 20.03. Chipotle Mexican Grill's value of 30.87 is 54.1% above this industry median. Based on the distribution chart, Chipotle Mexican Grill ranks #181 out of 242 companies in the Restaurants industry, which is below the industry midpoint. Overall, Chipotle Mexican Grill has a GF Score™ of 80/100, reflecting its overall financial health beyond just this single metric.
How does Chipotle Mexican Grill's PE Ratio without NRI compare to YUM and DRI?
According to the Restaurants industry distribution chart, Chipotle Mexican Grill ranks #181 out of 242 companies for PE Ratio without NRI. This places Chipotle Mexican Grill in the lower half of its industry. The industry median PE Ratio without NRI is 20.03. Chipotle Mexican Grill's value of 30.87 is 54.1% above this benchmark. Historically, Chipotle Mexican Grill's own PE Ratio without NRI has ranged from 26.37 to 251.54 over the past decade. While the company's 10-year median is 57.97 vs. the industry median of 20.03, 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 PE Ratio without NRI for a Restaurants company?
The median PE Ratio without NRI among Restaurants companies is 20.03, based on 242 companies in the industry. Companies in the top quartile (top 25%) have a PE Ratio without NRI significantly above this median, while those in the bottom quartile fall well below. However, PE Ratio without NRI should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Chipotle Mexican Grill's current PE Ratio without NRI of 30.87 is 54.1% 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 PE Ratio without NRI mean?
A high PE Ratio without NRI can signal that a stock is expensive relative to its fundamentals. P/E without nonrecurring items is the ratio of share price to a company's earnings less one-time charges. View historical data on Chipotle Mexican Grill and its competitors. For the Restaurants industry, the median PE Ratio without NRI is 20.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Chipotle Mexican Grill's current PE Ratio without NRI is 30.87, which is 47% below median its own 10-year median of 57.97. 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?
Chipotle Mexican Grill (HAM:C9F) has a current PE Ratio without NRI of 30.87. The stock's GF Value™ is €50.38, compared to a current price of €29.45 — trading 41.5% below its estimated fair value. The current PE Ratio without NRI is 30.87, which is 47% below median its 10-year median of 57.97 and 54.1% above the Restaurants industry median of 20.03. 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 PE Ratio without NRI calculated?
PE Ratio without NRI is calculated from a company's financial statements. For Chipotle Mexican Grill (HAM:C9F), the current PE Ratio without NRI is 30.87 as of Jul. 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 Chipotle Mexican Grill (HAM:C9F) Overvalued in 2026?
Based on GuruFocus' analysis, Chipotle Mexican Grill stock appears to be undervalued.
The current stock price of €29.45 is trading 41.5% below its estimated GF Value™ of €50.38.
Key valuation signals for HAM:C9F:
PE Ratio without NRI: 30.87 (47% below median its 10-year median of 57.97)
GF Value™: €50.38 vs. price of €29.45 (41.5% below fair value)
Industry Position: 54.1% above the Restaurants median (#181 of 242)
No single metric tells the full story. See the HAM:C9F 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.
80GF Score
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