Question 1

What is Chipotle Mexican Grill's P/E ratio?

Accepted Answer

Chipotle Mexican Grill (CMG) P/E ratio is 26.3× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month earnings (net income), using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/E ratio calculated?

Accepted Answer

P/E = Share Price ÷ Trailing Twelve-Month (TTM) Diluted EPS, or equivalently Market Capitalisation ÷ TTM Net Income. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/E ratio?

Accepted Answer

The price-to-earnings (P/E) ratio, also called the earnings multiple, measures how much investors pay per dollar of a company's trailing twelve-month (TTM) earnings. It is calculated as share price ÷ TTM diluted EPS (equivalent to market capitalisation ÷ TTM net income). A higher P/E implies the market is pricing in stronger future earnings growth or lower risk; a lower P/E can signal slower expected growth, higher risk, or potential undervaluation.

Question 4

What is a good P/E ratio for Chipotle Mexican Grill?

Accepted Answer

There is no universal "good" P/E. As a rule of thumb, the S&P 500 has historically averaged a P/E in the mid-to-high teens; mature, slow-growth businesses commonly trade in the 10–18× range, while high-growth or asset-light companies often trade at 25–50×+. What matters is the comparison to sector peers and to the company's own historical range. For Chipotle Mexican Grill specifically, the relevant sector benchmark is the current sector median of 21.9×.

Question 5

Is Chipotle Mexican Grill's P/E ratio high or low?

Accepted Answer

Chipotle Mexican Grill's P/E ratio of 26.3× is below its own 5-year average of 51.8× and above the sector median of 21.9×. That places the current reading at the 0th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Chipotle Mexican Grill's historical P/E ratio range?

Accepted Answer

In the available daily series, Chipotle Mexican Grill (CMG) P/E ratio has ranged from a low of 21.8× in 2009 to a high of 475.7× in 2016. The 5-year average is 51.8× and the 5-year median is 51.3×.

Question 7

What was Chipotle Mexican Grill's P/E ratio in 2025?

Accepted Answer

Chipotle Mexican Grill (CMG) P/E ratio at the end of 2025 was 31.7×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month earnings figure available at that date.

Question 8

Why does Chipotle Mexican Grill's P/E ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (earnings). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$48.65B	$1.54B	31.7×	-21.8×	Dec 31, 2025
2024	$82.09B	$1.53B	53.5×	+2.4×	Dec 31, 2024
2023	$62.76B	$1.23B	51.1×	+8.4×	Dec 31, 2023
2022	$38.41B	$899.10M	42.7×	-32.7×	Dec 31, 2022
2021	$49.22B	$652.98M	75.4×	-33.7×	Dec 31, 2021
2020	$38.81B	$355.77M	109.1×	+42.7×	Dec 31, 2020
2019	$23.24B	$350.16M	66.4×	-1.6×	Dec 31, 2019
2018	$11.99B	$176.55M	67.9×	+22.2×	Dec 31, 2018
2017	$8.07B	$176.25M	45.8×	-429.9×	Dec 31, 2017
2016	$10.91B	$22.94M	475.7×	+444.4×	Dec 31, 2016
2015	$14.89B	$475.60M	31.3×	-16.4×	Dec 31, 2015
2014	$21.24B	$445.37M	47.7×	-2.8×	Dec 31, 2014
2013	$16.53B	$327.44M	50.5×	+17.3×	Dec 31, 2013
2012	$9.23B	$278.00M	33.2×	-15.9×	Dec 31, 2012
2011	$10.56B	$214.94M	49.1×	+12.2×	Dec 31, 2011
2010	$6.60B	$178.98M	36.9×	+15.1×	Dec 31, 2010
2009	$2.77B	$126.84M	21.8×	-3.5×	Dec 31, 2009
2008	$1.98B	$78.20M	25.4×	-43.0×	Dec 31, 2008
2007	$4.82B	$70.56M	68.3×	+23.6×	Dec 31, 2007
2006	$1.85B	$41.42M	44.8×	—	Dec 31, 2006


Las Vegas Sands (LVS)	19.6×
Avery Dennison (AVY)	19.3×
Williams-Sonoma (WSM)	19.1×
Expedia Group (EXPE)	18.9×
Etsy (ETSY)	16.9×
Ball (BALL)	16.8×
Royal Caribbean Cruises (RCL)	16.6×
Lennar (LEN)	15.6×
GameStop (GME)	15.6×
Norwegian Cruise Line (NCLH)	15.0×
NVR (NVR)	14.8×
Masco (MAS)	14.6×
LKQ (LKQ)	14.5×
Mohawk Industries (MHK)	14.3×
Carnival Corporation (CCL)	14.0×
Deckers Outdoor (DECK)	13.8×
Weyco Group (WEYS)	12.8×
D.R. Horton (DHI)	12.5×
Best Buy Co. (BBY)	11.1×
PulteGroup (PHM)	11.0×
PDD Holdings (PDD)	10.7×
Toll Brothers (TOL)	10.5×
Lululemon Athletica (LULU)	10.2×
Leggett & Platt (LEG)	6.1×
Sonoco Products (SON)	5.1×

P/E Ratio for Chipotle Mexican Grill (CMG)

P/E Ratio daily chart for Chipotle Mexican Grill (CMG)

Historical P/E Ratio for Chipotle Mexican Grill (CMG) from 2006 to 2025

About P/E Ratio at Chipotle Mexican Grill (CMG)

Chipotle Mexican Grill P/E Ratio by Year

Chipotle Mexican Grill P/E Ratio 2025: 31.7×

Chipotle Mexican Grill P/E Ratio 2024: 53.5×

Chipotle Mexican Grill P/E Ratio 2023: 51.1×

Chipotle Mexican Grill P/E Ratio 2022: 42.7×

Chipotle Mexican Grill P/E Ratio 2021: 75.4×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

Chipotle Mexican Grill (CMG) Key Financials

P/E Ratio daily chart for Chipotle Mexican Grill (CMG)

Historical P/E Ratio for Chipotle Mexican Grill (CMG) from 2006 to 2025

About P/E Ratio at Chipotle Mexican Grill (CMG)

Chipotle Mexican Grill P/E Ratio by Year

Chipotle Mexican Grill P/E Ratio 2025: 31.7×

Chipotle Mexican Grill P/E Ratio 2024: 53.5×

Chipotle Mexican Grill P/E Ratio 2023: 51.1×

Chipotle Mexican Grill P/E Ratio 2022: 42.7×

Chipotle Mexican Grill P/E Ratio 2021: 75.4×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

+What is Chipotle Mexican Grill's P/E ratio?

+How is the P/E ratio calculated?

+What is the P/E ratio?

+What is a good P/E ratio for Chipotle Mexican Grill?

+Is Chipotle Mexican Grill's P/E ratio high or low?

+What is Chipotle Mexican Grill's historical P/E ratio range?

+What was Chipotle Mexican Grill's P/E ratio in 2025?

+Why does Chipotle Mexican Grill's P/E ratio change over time?

Chipotle Mexican Grill (CMG) Key Financials