CMG

NYSE

CHIPOTLE MEXICAN GRILL INC

Consumer Discretionary, Restaurants

$32.79

close 7 Aug 2026

-21.22%

52-week change

$41.49B

market cap

$28.04

$44.27

52-week range

Expected price

$52.30 – $63.93

Current price

$32.79

Signal

Could be undervalued

A historical-multiple reference, never a fair-value claim. The band uses only data public at each date and ends at the latest month — no forward estimates.

Current multiples

P/E (TTM)30.08x

P/S (TTM)3.34x

P/B18.86x

EV/EBITDA (TTM)—

FCF yield (TTM)3.78%

PEG (TTM, GAAP)1.42

Context

P/E, own 5-year average51.08x

P/E, sector median22.78x*

Price at 5-year median P/E$58.40*

Forward — analyst consensus

Forward P/E (FY2026)28.53x*

Forward P/E (FY2027)23.96x

Forward PEG1.50*

Consensus EPS FY2026 (33 analysts)$1.15

EPS growth (FY2026→FY2027)19.04%

Revenue growth (FY2026)9.17%

Street view

Price target (mean)$44.05*

Target upside34.33%

Ratings (buy / hold / sell)25 / 9 / 0

FY2026 EPS revisions, 30d (up / down)6 / 5

5-year history

Dashed line: average of month-end values

P/E (TTM)

P/S (TTM)

P/B

FCF yield (TTM)

period to 30 Jun 2026, filed 31 Jul 2026, close 7 Aug 2026

Discounted cash flow

Ten projected years plus a perpetuity, prefilled from filings — a model to argue with, never a fair-value claim.

Free cash flow, last ten years and TTM

5Y CAGR +37.88%10Y CAGR +13.01%

Assumptions

Growth rate, years 1–10%

Perpetual growth%Discount rate%

Base FCF$M

As filed — not assumptions

Current price$32.79

Cash & equivalents$228.20M

Total debt—

Shares outstanding1.27B

Result

DCF price per share—

Current price$32.79

Margin of safety—

PV of years 1–10$38.23B

PV of terminal value$126.14B

Equity value—

Market-implied growth—

Projected FCF, years 1–10

Hover for PV and growth

Projection detail

Override growth for any year; blank years use the uniform rate

Year	2026	2027	2028	2029	2030	2031	2032	2033	2034	2035	Terminal
Growth, %											2.5
FCF	$1.96B	$2.45B	$3.06B	$3.83B	$4.79B	$5.99B	$7.48B	$9.35B	$11.69B	$14.61B	$272.32B
PV	$1.82B	$2.10B	$2.43B	$2.82B	$3.26B	$3.77B	$4.37B	$5.05B	$5.85B	$6.77B	$126.14B

period to 30 Jun 2026, filed 31 Jul 2026, close 7 Aug 2026