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Chipotle Mexican GrillTSX:CMGS -0.08%63 3-Year Share Buyback Ratio is 1.90 as of Jun. 2026, which is 322% above its 10-year median of 0.45. GuruFocus rates TSX:CMGS with a GF Score™ of 63/100 and a GF Value™ of C$22.95 (Significantly Undervalued). Among 237 Restaurants companies, Chipotle Mexican Grill ranks better than 91.14% on this metric.
Shares Outstanding (EOP) are shares that have been authorized, issued, and purchased by investors and are held by them.
3-Year Share Buyback Ratio measures the average annual proportion of a company's outstanding shares repurchased over the past three years. It is calculated as the annualized percentage change in shares outstanding from three years ago to the current year. A positive ratio may indicate share buybacks over the period, while a zero or negative ratio may reflect no repurchases or potential share issuance. Chipotle Mexican Grill's current 3-Year Share Buyback Ratio was 1.90%.
The historical rank and industry rank for Chipotle Mexican Grill's 3-Year Share Buyback Ratio or its related term are showing as below:
TSX:CMGS'
s 3-Year Share Buyback Ratio Range Over the Past 10 Years
Min: -0.5 Med: 0.45 Max: 3.3
Current: 1.9
During the past 13 years, Chipotle Mexican Grill's highest 3-Year Share Buyback Ratio was 3.30%. The lowest was -0.50%. And the median was 0.45%.
TSX:CMGS's 3-Year Share Buyback Ratio is ranked better than 91.14% of 237
companies
in the Restaurants industry
Industry Median: -0.6
vs TSX:CMGS: 1.90
Chipotle Mexican Grill (TSX:CMGS) 3-Year Share Buyback Ratio Explanation
A negative number means the company might be issuing new shares. A positive number indicates that the company is buying back shares.
Be Aware
Investors usually like share buybacks. But as pointed by Warren Buffett, only if a company buys back shares at the prices below the stock's intrinsic value, it rewards remaining shareholders. If a company buys its overvalued stocks back, it destroys shareholder value.
Chipotle Mexican Grill 3-Year Share Buyback Ratio Related Terms
TSX:CMGS vs YUM, DRI, YUMC: 3-Year Share Buyback Ratio Comparison
For the Restaurants subindustry, Chipotle Mexican Grill's 3-Year Share Buyback Ratio, along with its competitors' market caps and 3-Year Share Buyback Ratio 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 3-Year Share Buyback Ratio vs Restaurants Industry
For the Restaurants industry and Consumer Cyclical sector, Chipotle Mexican Grill's 3-Year Share Buyback Ratio distribution charts can be found below:
* The bar in red indicates where Chipotle Mexican Grill's 3-Year Share Buyback Ratio falls into.
Chipotle Mexican Grill 3-Year Share Buyback Ratio Calculation
This is the annualized percentage change in shares outstanding from three years ago to the current year. The annualized percentage change is calculated with expontential compound based on the latest four years of annual data on Shares Outstanding (EOP).
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.
What does a 3-Year Share Buyback Ratio of 1.90 mean?
Chipotle Mexican Grill (TSX:CMGS) has a 3-Year Share Buyback Ratio of 1.90 as of Jun. 2026. The 3-Year Share Buyback Ratio measures the average annual proportion of a company's outstanding shares repurchased over the past three years. It is calculated as the annualized percentage change in shares outstanding from three years ago to the current year. View historical data for Chipotle Mexican Grill and its competitors. This is 322% above median its historical median of 0.45. According to the industry distribution chart, Chipotle Mexican Grill ranks #21 out of 237 companies in the Restaurants industry, placing it in the top 8.9%.
Is Chipotle Mexican Grill's 3-Year Share Buyback Ratio too high?
Chipotle Mexican Grill's current 3-Year Share Buyback Ratio of 1.90 is 322% above median its 10-year median of 0.45. Based on the distribution chart, Chipotle Mexican Grill ranks #21 out of 237 companies in the Restaurants industry, which is in the top quartile — a strong position relative to peers. Overall, Chipotle Mexican Grill has a GF Score™ of 63/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Chipotle Mexican Grill's 3-Year Share Buyback Ratio compare to YUM and DRI?
According to the Restaurants industry distribution chart, Chipotle Mexican Grill ranks #21 out of 237 companies for 3-Year Share Buyback Ratio. This places Chipotle Mexican Grill in the top 9% of its industry — outperforming the majority of peers. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 3-Year Share Buyback Ratio for a Restaurants company?
A good 3-Year Share Buyback Ratio depends on the Restaurants industry context. However, 3-Year Share Buyback Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high 3-Year Share Buyback Ratio mean?
A high 3-Year Share Buyback Ratio can signal that a stock is expensive relative to its fundamentals. The 3-Year Share Buyback Ratio measures the average annual proportion of a company's outstanding shares repurchased over the past three years. It is calculated as the annualized percentage change in shares outstanding from three years ago to the current year. View historical data for Chipotle Mexican Grill and its competitors. Chipotle Mexican Grill's current 3-Year Share Buyback Ratio is 1.90, which is 322% above median its own 10-year median of 0.45. 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 (TSX:CMGS) is currently considered Significantly Undervalued. The stock's GF Value™ is C$22.95, compared to a current price of C$12.66 — trading 44.8% below its estimated fair value. The current 3-Year Share Buyback Ratio is 1.90, which is 322% above median its 10-year median of 0.45. Chipotle Mexican Grill's overall GF Score™ is 63/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year Share Buyback Ratio calculated?
3-Year Share Buyback Ratio is calculated from a company's financial statements. For Chipotle Mexican Grill (TSX:CMGS), the current 3-Year Share Buyback Ratio is 1.90 as of Jun. 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 (TSX:CMGS) Overvalued in 2026?
Based on GuruFocus' analysis, Chipotle Mexican Grill stock appears to be undervalued.
The current stock price of C$12.66 is trading 44.8% below its estimated GF Value™ of C$22.95.
GuruFocus considers Chipotle Mexican Grill to be Significantly Undervalued.
Key valuation signals for TSX:CMGS:
3-Year Share Buyback Ratio: 1.90 (322% above median its 10-year median of 0.45)
GF Value™: C$22.95 vs. price of C$12.66 (44.8% below fair value)
No single metric tells the full story. See the TSX:CMGS 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.
63GF Score
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