Chipotle Mexican Grill (MEX:CMG) ROCE %: 21.80% (As of Mar. 2026)


MEX:CMG Chipotle Mexican Grill Inc MEX:CMG
83 GF Score
Price MXN564.30
GF Value MXN1,044.51
Valuation Significantly Undervalued
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What is Chipotle Mexican Grill ROCE %?

Chipotle Mexican Grill MEX:CMG +1.68% 83 ROCE % is 21.80% as of Mar. 2026. GuruFocus rates MEX:CMG with a GF Score™ of 83/100 and a GF Value™ of MXN1,044.51 (Significantly Undervalued).

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Chipotle Mexican Grill's annualized ROCE % for the quarter that ended in Mar. 2026 was 21.80%.

Chipotle Mexican Grill  (MEX:CMG) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Chipotle Mexican Grill ROCE % Related Terms

Chipotle Mexican Grill ROCE % Historical Data

* Premium members only.

The historical data trend for Chipotle Mexican Grill's ROCE % 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.

Chipotle Mexican Grill ROCE % Chart

Chipotle Mexican Grill Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 15.68 20.04 23.48 28.89 23.52

Chipotle Mexican Grill Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROCE % 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 24.46 27.42 24.19 22.16 21.80
MEX:CMG
83GF Score
Chipotle Mexican Grill Inc MEX:CMG
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Chipotle Mexican Grill ROCE % Calculation

Chipotle Mexican Grill's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=36242.017/( ( (191963.663 - 24375.475) + (161952.827 - 21393.328) )/ 2 )
=36242.017/( (167588.188+140559.499)/ 2 )
=36242.017/154073.8435
=23.52 %

Chipotle Mexican Grill's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=30188.4/( ( (161952.827 - 21393.328) + (158745.807 - 22312.815) )/ 2 )
=30188.4/( ( 140559.499 + 136432.992 )/ 2 )
=30188.4/138496.2455
=21.80 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

* 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 ROCE % →
What does a ROCE % of 21.80% mean?
Chipotle Mexican Grill (MEX:CMG) has a ROCE % of 21.80% as of Mar. 2026.
Is Chipotle Mexican Grill's ROCE % too high?
Chipotle Mexican Grill's current ROCE % is 21.80%. The Restaurants industry median ROCE % is 6.01. Chipotle Mexican Grill's value of 21.80% is 262.7% above this industry median. Overall, Chipotle Mexican Grill has a GF Score™ of 83/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Chipotle Mexican Grill's ROCE % compare to YUM and DRI?
Chipotle Mexican Grill's ROCE % of 21.80% can be compared against companies in the Restaurants industry. The industry median ROCE % is 6.01. Chipotle Mexican Grill's value of 21.80% is 262.7% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Restaurants company?
The median ROCE % among Restaurants companies is 6.01, based on 353 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Chipotle Mexican Grill's current ROCE % of 21.80% is 262.7% 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 ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Restaurants industry, the median ROCE % is 6.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Chipotle Mexican Grill's current ROCE % is 21.80%. 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 (MEX:CMG) is currently considered Significantly Undervalued. The stock's GF Value™ is MXN1,044.51, compared to a current price of MXN564.30 — trading 46% below its estimated fair value. The current ROCE % is 21.80% and 262.7% above the Restaurants industry median of 6.01. Chipotle Mexican Grill's overall GF Score™ is 83/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Chipotle Mexican Grill (MEX:CMG), the current ROCE % is 21.80% as of Mar. 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 (MEX:CMG) Overvalued in 2026?

Based on GuruFocus' analysis, Chipotle Mexican Grill stock appears to be undervalued. The current stock price of MXN564.30 is trading 46% below its estimated GF Value™ of MXN1,044.51. GuruFocus considers Chipotle Mexican Grill to be Significantly Undervalued.

Key valuation signals for MEX:CMG:

  • ROCE %: 21.80%
  • GF Value™: MXN1,044.51 vs. price of MXN564.30 (46% below fair value)
  • GF Score™: 83/100
  • Industry Position: 262.7% above the Restaurants median

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

Chipotle Mexican Grill Business Description

Address 610 Newport Center Drive, Suite 1100, Newport Beach, CA, USA, 92660
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.
83GF Score

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

MXN564.30
Price
MXN1,044.51
GF Value