Chipotle Mexican Grill, Inc.CMG

Where CMG's P/B sits inside its own 10-year distribution, with the yearly high, low and average.

$37.03+0.83 (+2.29%)Previous close
NYSEConsumer Cyclical

CMG P/B: current value, 10-year range and year-by-year history

21.7Historically pricey

CMG's p/b is higher than 82% of the last 10 years.

P/B History

Historically priceyAbove avgAround avgBelow avgHistorically cheap
CMG P/B historyCMG P/B from Sep 2023 to Sep 2026: low 12.39, high 28.17, latest 21.72.11.1315.7120.2824.8629.43Sep 23Apr 24Nov 24Jul 25Feb 26Sep 26med 19.96

CMG P/B by year

Yearly range of CMG’s p/b from 2016 to 2026. Over the full period it ranged from 5.1 to 28.2, averaging 16.3.

CMG P/B — yearly low, average, high and year-end values
YearLowAverageHighYear-end
202614.418.422.621.7
202512.418.122.417.3
202418.523.028.222.6
202316.120.023.621.9
202216.018.822.816.7
202117.821.425.521.7
20207.817.522.919.6
20198.513.315.514.1
20185.18.310.68.4
20175.57.710.25.9
20167.38.08.97.6

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How much the market pays relative to the company's accounting net worth (assets minus liabilities). P/B < 1 means the market values the company below what the books say it owns.

FormulaPrice / Book Value Per Share
Full guide
How to read this chart

Most useful for asset-heavy businesses: banks, insurers, REITs. A P/B near its historical low suggests the market is paying unusually little for the net assets.

Key caveats
  • Goodwill and intangibles from acquisitions can inflate book value significantly — some analysts prefer tangible book value.
  • Low P/B in technology or software companies is usually irrelevant: their value is in IP and people, not balance sheet assets.

Is CMG P/B High or Low Right Now?

Chipotle Mexican Grill, Inc.'s P/B is currently 21.7, which is historically pricey relative to its 10-year historical range. The 10-year median P/B for CMG is approximately 17.9. See all CMG valuation metrics →

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