Chipotle Mexican Grill, Inc. (CMG) Stock Analysis

Over the past 10 years, Chipotle Mexican Grill (CMG) earnings per share (EPS) grew 14.0% a year, revenue grew 10.2% a year and free cash flow grew 13.0% a year, with an average return on invested capital (ROIC) of 11.1%. CMG stock trades at $29.61, a P/E of 27.2, below its historical average of 50.3. Analysts' average 12-month price target is $41.00 (+38.5%).

CMG Chipotle Mexican Grill, Inc.

Chipotle Mexican Grill, Inc., along with its affiliated companies, oversees the ownership and daily running of Chipotle Mexican Grill eateries.

Market Cap$37.46B Current P/E27.2 52wk High$42.74 52wk Low$28.04

Current Price $29.61
Margin of Safety Price

Exhibit A Growth Dossier

🔒
Metric10yr5yr1yrGrade
Book Value/Share GrowthBV/S 4.5%8.2%-34.8% F
EPS GrowthEPS 14.0%35.7%-3.5% B+
Revenue GrowthRevenue 10.2%14.8%7.3% B+
Cash Flow GrowthCash Flow 13.0%37.9%7.0% A-
ROICROIC 11.1%15.6%19.0% A-

Exhibit B Valuation Ledger

🔒
Current EPS
$1.09
Historical Avg P/E
50.3
Future P/E (used for sticker price)
Projected EPS (10yr)
Sticker Price (10yr)
Price for 15% Annual Return
Expected Annual Return
🔒 The verdict is locked. Overall growth grade, valuation grade, Composite Score, margin-of-safety price, sticker price, and price target.
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Not investment advice — a structured read of historical fundamentals, not a forecast or recommendation. Always do your own research.


Exhibit C Raw Data (last 10 years)

MetricTrend20152016201720182019202020212022202320242025TTM
Book Value / ShareBV/S$1.35$0.94$0.96$1.03$1.19$1.42$1.61$1.69$2.21$2.66$2.11$1.70
Basic EPSEPS$0.31$0.02$0.12$0.13$0.25$0.25$0.46$0.65$0.89$1.12$1.15$1.09
RevenueRevenue$4,501,223,000$3,904,384,000$4,476,412,000$4,864,985,000$5,586,369,000$5,984,634,000$7,547,061,000$8,634,652,000$9,871,649,000$11,313,853,000$11,925,601,000$12,423,759,000
Free Cash FlowCash Flow$425,898,000$90,400,000$250,328,000$334,162,000$387,720,000$290,495,000$839,606,000$844,015,000$1,222,746,000$1,511,473,000$1,447,590,000$1,568,984,999
ROIC (%)ROIC19.3%1.2%10.1%9.4%7.4%5.4%10.8%14.1%16.3%17.6%19.0%—

The exact underlying data used to compute the growth rates and grades above. The highlighted TTM column is the trailing twelve months through the most recently reported quarter.


Ticker INVESTigator Price Target


Analyst Data

Price Target

Where the stock trades today vs. the range of 12-month price targets from covering analysts.

Current Price$29.61
High$50.00+68.9%
Average$41.00+38.5%
Low$36.00+21.6%

67 firms rate it — 46 buy, 21 hold · Most recent Oct 2026

lowered
Gordon Haskett10/19/2026
$42.00→$36.00
lowered
Raymond James10/16/2026
$42.50→$37.00
lowered
Stephens10/15/2026
$40.00→$38.00
raised
Morgan Stanley10/15/2026
$39.00→$40.00
downgraded
Baird8/24/2026
$40.00

CMG Stock FAQ

Is CMG stock undervalued?

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What is CMG's stock price target?

The average 12-month analyst price target for CMG is $41.00, with a range of $36.00 to $50.00. That is +38.5% from the current price of $29.61.

Do analysts rate CMG a buy?

Most rate it a buy. Of 67 firms covering Chipotle Mexican Grill, the ratings are 46 buy or strong buy, 21 hold and 0 sell or strong sell.

How fast is Chipotle Mexican Grill growing?

Annual growth rates for CMG. EPS: 14.0% over 10 years, 35.7% over 5 years, -3.5% over 1 year. Revenue: 10.2% over 10 years, 14.8% over 5 years, 7.3% over 1 year. Free cash flow: 13.0% over 10 years, 37.9% over 5 years, 7.0% over 1 year. Book value per share: 4.5% over 10 years, 8.2% over 5 years, -34.8% over 1 year.

What is CMG's ROIC?

Chipotle Mexican Grill's return on invested capital (ROIC) was 19.0% in fiscal 2025. Its 10-year average ROIC is 11.1%. ROIC above 10% is generally a sign of a business with a durable competitive advantage.

What is CMG's P/E ratio?

CMG's current P/E ratio is 27.2, compared with a historical average of 50.3. Trailing earnings per share are $1.09.

What is Chipotle Mexican Grill's market cap and stock price?

CMG last traded at $29.61 as of October 19, 2026. Its 52-week range is $28.04 to $42.74. Chipotle Mexican Grill has a market cap of $37.46B.


Exhibit D Related Coverage


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Data as of October 19, 2026. Findings are derived from historical fundamentals — not a forecast, not advice. Cross-examine before you invest.

Grades are produced by Ticker INVESTigator's own model from public financial data and are for informational and educational purposes only. They are not investment advice or a recommendation to buy or sell any security. Do your own research.