US · USD
CMG
Chipotle Mexican Grill Inc
- Day's range
- US$31.83 – US$32.55
- Day's volume
- US$487.2m
- 52-week range
- US$28.18 – US$42.36
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Create a free accountCMG in numbers
- Market cap
- US$40.9bn
- P/E
- 28.84
- P/B
- 18.61
- Dividend yield (12m)
- 0.00%
CMG trades at 28.84 times its earnings of the last 12 months.
CMG price history
CMG risk and return
Monthly closes adjusted for splits and distributions.
| Metric | 12 months | 36 months | 60 months |
|---|---|---|---|
| Return | -6.26% | -26.53% | -1.55% |
| Volatility (annualised) | 28.88% | 30.50% | 32.68% |
| Largest drawdown | -18.03% | -49.85% | -49.85% |
| Positive months | 8/12 | 20/36 | 33/60 |
How much did investing in CMG return?
US$1,000.00 invested on 01/11/2021 would be worth US$984.54 today.
- Value today in CMG
- US$984.54
- Return over the period
- -1.55%
- Return per year
- -0.32%
- In the S&P 500
- US$1,690.98
With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.
CMG fundamentals
Valuation
- P/E28.84
- P/B18.61
- EV/EBITDA18.63
- EV/EBIT22.50
- EV/Revenue3.30
- P/EBIT22.50
- P/S3.30
- P/OCF17.59
- P/FCF26.10
- Earnings yield4.44%
- PEG ratio—
- Earnings per shareUS$1.12
- Book value per shareUS$1.74
Debt
- Net debt—
- Net debt/EBITDA—
- Net debt/Equity—
- Debt/Equity—
- Current ratio0.72
- Quick ratio0.68
- Cash ratio0.52
Efficiency
- Gross margin—
- EBITDA margin17.70%
- Operating margin14.65%
- Net margin11.43%
- Asset turnover1.40
Profitability
- ROE64.54%
- ROA16.01%
- ROIC62.82%
- Payout0.00%
Growth
- Revenue CAGR (5 years)12.67%
- Earnings CAGR (5 years)19.35%
- Revenue growth (year)—
- Earnings growth (year)—
- Revenue growth (quarter)—
- Earnings growth (quarter)—
What is CMG's fair price?
Two classic value formulas, with today's numbers. The current price is US$32.36.
- Graham's fair price
- US$6.62
- 79.53% below the price
√(22.50 × US$1.12 × US$1.74)
Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.
- Bazin's ceiling price
- —
- Does not apply to CMG: it paid no distributions in the last five years.
Décio Bazin only bought shares yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years divided by 6%.
Graham ignores growth and debt; Bazin assumes past distributions will repeat. They are reference points for comparison, not a buy recommendation.
CMG indicators by year
Multiples at each year's closing price; margins and returns from that year's accounts.
| Indicator | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| P/E | 31.37 | 53.28 | 51.03 | 42.63 | 75.05 | 109.70 | 66.38 | 67.65 |
| P/B | 17.02 | 22.36 | 20.48 | 16.18 | 21.33 | 19.32 | 13.81 | 8.29 |
| EV/EBITDA | 20.52 | 35.67 | 32.72 | 25.86 | 45.23 | 72.02 | 34.05 | 25.94 |
| Earnings per share | US$1.18 | US$1.13 | US$44.82 | US$32.55 | US$23.29 | US$12.64 | US$12.61 | US$6.38 |
| Book value per share | US$2.17 | US$2.70 | US$111.67 | US$85.73 | US$81.96 | US$71.78 | US$60.61 | US$52.11 |
| ROE | 54.26% | 41.96% | 40.13% | 37.96% | 28.42% | 17.61% | 20.81% | 12.25% |
| ROIC | 83.04% | 65.50% | 66.86% | 60.12% | 52.96% | 27.16% | 42.28% | 17.93% |
| EBITDA margin | 19.26% | 19.90% | 19.02% | 16.76% | 14.04% | 8.83% | 11.76% | 9.46% |
| Net margin | 12.88% | 13.56% | 12.45% | 10.41% | 8.65% | 5.94% | 6.27% | 3.63% |
| Net debt/EBITDA | -0.46 | -0.63 | -0.69 | -0.62 | -1.02 | -1.80 | -1.34 | — |
CMG financial statements
| Line | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Net revenue | US$11.9bn | US$11.3bn | US$9.9bn | US$8.6bn | US$7.5bn | US$6bn |
| Cost of sales | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — |
| EBITDA | US$2.3bn | US$2.3bn | US$1.9bn | US$1.4bn | US$1.1bn | US$528.7m |
| EBIT | US$1.9bn | US$1.9bn | US$1.6bn | US$1.2bn | US$804.9m | US$290.2m |
| Net finance result | — | — | — | — | — | — |
| Profit before tax | US$2bn | US$2bn | US$1.6bn | US$1.2bn | US$812.8m | US$293.8m |
| Income tax | -US$473.8m | -US$476.1m | -US$391.8m | -US$282.4m | -US$159.8m | US$62m |
| Net income | US$1.5bn | US$1.5bn | US$1.2bn | US$899m | US$653m | US$355.8m |
Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.
Does CMG pay dividends?
CMG has no distributions on record.
About Chipotle Mexican Grill
- Sector
- Retail
Questions about CMG
How much is CMG today?
CMG is at US$32.36 (0.12% on the day), last traded on 02/10/2026.
What are the P/E and P/B of CMG?
CMG trades at a P/E of 28.84 and a P/B of 18.61.
How much did CMG return in 12 months?
CMG returned -6.26% in 12 months, with annualised volatility of 28.88% and a largest drawdown of -18.03%.