MCD

NYSE

MCDONALDS CORP

Consumer Discretionary, Restaurants

$274.48

close 7 Aug 2026

-9.82%

52-week change

$195.02B

market cap

$260.96

$341.75

52-week range

Expected price

$283.97 – $347.07

Current price

$274.48

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)22.63x

P/S (TTM)7.11x

P/B-151.65x

EV/EBITDA (TTM)17.78x

FCF yield (TTM)3.61%

PEG (TTM, GAAP)1.77

Context

P/E, own 5-year average26.79x

P/E, sector median22.78x*

Price at 5-year median P/E$316.95*

Indicated dividend yield2.71%

Forward — analyst consensus

Forward P/E (FY2026)21.25x*

Forward P/E (FY2027)19.62x

Forward PEG2.55*

Consensus EPS FY2026 (28 analysts)$12.92

EPS growth (FY2026→FY2027)8.32%

Revenue growth (FY2026)4.89%

Street view

Price target (mean)$316.06*

Target upside15.15%

Ratings (buy / hold / sell)19 / 14 / 1

FY2026 EPS revisions, 30d (up / down)1 / 12

5-year history

Dashed line: average of month-end values

P/E (TTM)

P/S (TTM)

P/B

FCF yield (TTM)

Dividend yield

period to 31 Mar 2026, filed 7 Aug 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 +9.22%10Y CAGR +4.28%

Assumptions

Growth rate, years 1–10%

Perpetual growth%Discount rate%

Base FCF$M

As filed — not assumptions

Current price$274.48

Cash & equivalents$822.00M

Total debt$39.86B

Shares outstanding710.51M

Result

DCF price per share$289.08

Current price$274.48

Margin of safety+5.32%

PV of years 1–10$82.60B

PV of terminal value$161.83B

Equity value$205.39B

Market-implied growth+8.66%

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	$8.48B	$9.26B	$10.11B	$11.04B	$12.06B	$13.17B	$14.39B	$15.72B	$17.16B	$18.75B	$349.38B
PV	$7.85B	$7.94B	$8.03B	$8.12B	$8.21B	$8.30B	$8.40B	$8.49B	$8.59B	$8.68B	$161.83B

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