What does Chipotle Mexican Grill do?

Chipotle owns and runs its own chain of Chipotle Mexican Grill restaurants, where customers order burritos, burrito bowls, tacos, quesadillas, and salads. It highlights responsibly sourced chicken, beef, and pork, and customers can order in person, online, through its app, or through delivery services. Its restaurants are in the U.S., Canada, France, Germany, South Korea, and the UK.

What is Chipotle Mexican Grill's fair value?

On an owner-earnings DCF, Chipotle Mexican Grill's most-likely fair value is about $28, versus a recent price near $32. A margin-of-safety estimate, not a price target. Analysis, not advice.

Consumer Cyclical · Restaurants · CMG

What Chipotle Mexican Grill Does & How It Makes Money (CMG)

Updated October 2026 · reflects Chipotle Mexican Grill's latest reported financials

Fast-casual restaurant chain serving Mexican-inspired burritos and bowls. Chipotle makes money by selling food and drinks in restaurants it owns and operates.

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How Chipotle Mexican Grill makes money

Chipotle makes money by selling food and drinks in restaurants it owns and operates. Orders come in person and through its website, mobile app, and third-party delivery platforms.

What Chipotle Mexican Grill does

Chipotle Mexican Grill, Inc. owns and operates the Chipotle Mexican Grill restaurant chain. The menu is built around Mexican-inspired food: burritos, burrito bowls, quesadillas, tacos, and salads, plus kids' meals, chips, and sides. The company highlights meats sold under its Responsibly Raised brand, including chicken, beef, and pork. The company sells through its restaurants and also through digital ordering on its website, mobile app, and third-party delivery platforms. Founded in 1993 and headquartered in Newport Beach, California, Chipotle operates in the United States, Canada, France, Germany, South Korea, and the United Kingdom.

Products & services

Burritos
Burrito bowls
Tacos and quesadillas
Salads
Kids' meals, chips and sides
Responsibly Raised meats

What is Chipotle Mexican Grill worth?

On an owner-earnings DCF, Chipotle Mexican Grill's most-likely value is about $28 versus a recent price near $32 (12% above fair value). But TacticScale only calls a stock undervalued when the price sits below its conservative no-growth floor (~$12) with a margin of safety — so the honest verdict here is “Fairly priced — no edge.” Fair value earns its keep only at the extremes, not in the wide middle.

Verdict: Fairly priced — no edge

Owner-earnings fair value · recent price ≈ $32

Fair value (most likely)

$28

Range

$17–$56

No-growth floor

$12

Price

~$32

Price sits in the normal range — fair value isn't actionable here; it earns its keep only when price drops below the no-growth floor, or runs to roughly double the optimistic case.

Analysis, not advice. Fair value is a margin-of-safety estimate from a deterministic owner-earnings DCF, not a price target or recommendation. See the full breakdown →

Sector Consumer Cyclical Industry Restaurants HQ United States Ticker CMG Moat Narrow moat (68/100) Official site

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