CMG

Stock

Chipotle Mexican Grill, Inc.

One email when a drop — in price or in valuation — is historically rare for CMG. Otherwise we stay quiet.

Very rare

This is the kind of decline worth waking up for.

Chipotle Mexican Grill, Inc. is 46.9% off its high — among the deepest declines in its recorded history.

But down is not the same as cheap: Chipotle Mexican Grill, Inc.'s P/S Severity Score is 1.8 — its valuation sits in or above its typical range.

Price $36.43 · as of Jul 14, 2026All-time high $68.55Drawdown -46.9%Severity Score™ 8.9
🔴

Very Large

Current Drawdown

-46.9%

Days in Drawdown

753

Avg Max Drawdown

5.7%

Avg Length

42

Drawdown Severity Score™

8.9

CMG - Price & High Water Mark

CMG - Drawdown Timeline

How to read this chart: Negative values indicate drawdowns from all-time highs. Values closer to 0% mean the stock is near its high water mark.

Valuation vs Its Own History

Data as of July 12, 2026 · updated daily

Where today's valuation sits within CMG's own multi-year range, scored with the same Drawdown Severity Score language as price, measured from its typical level rather than its record high — a higher score means it has rarely been cheaper. This is context, not a recommendation.

Price to Sales

3.8xSeverity Score 1.8 · In or above its typical range
Low: 1.0xMedian: 4.3xHigh: 9.3x

Chipotle Mexican Grill, Inc. has been cheaper on this measure only about 41% of the time in 20 years of daily history.

59.3% below its highest Price to Sales reading · high date June 18, 2024

Price to Sales history

EV to EBITDA

22.3xSeverity Score 2.6 · Below its typical range
Low: 6.1xMedian: 26.4xHigh: 76.3x

Chipotle Mexican Grill, Inc. has been cheaper on this measure only about 33% of the time in 20 years of daily history.

70.8% below its highest EV to EBITDA reading · high date April 21, 2017

EV to EBITDA history · log scale

How we measure valuation

Chipotle Mexican Grill, Inc. (CMG) Analysis: Current Drawdown Insights

Chipotle Mexican Grill, Inc. is currently in a drawdown that is unusual by its own historical standards. As of 2026-07-14, the stock is trading at $36.43, which represents a 46.9% decline from its all-time high of $68.55. This drawdown has persisted for 753 days.

Based on its full tracked price history, Chipotle Mexican Grill, Inc. typically experiences drawdowns averaging 5.7% in depth, with an average duration of 42 days. Chipotle Mexican Grill, Inc. has gone through 154 total drawdown events in its tracked history. The largest drawdown on record for Chipotle Mexican Grill, Inc. was 74.6%, beginning in 2007. The longest drawdown duration on record was 1440 days.

The Drawdown Severity Score™ for Chipotle Mexican Grill, Inc. currently stands at 8.92. This is our proprietary indicator that shows the relative severity of the current drawdown based on the asset's unique historical patterns. A score between 8.0 and 12.0 indicates an extremely rare, severe drawdown: the asset almost never experiences declines of this magnitude in its tracked history.

Understanding Drawdowns: A drawdown measures how far a stock has fallen from its peak price. Every stock experiences drawdowns: periods when the price declines from all-time highs before recovering. By analyzing Chipotle Mexican Grill, Inc.'s historical drawdown patterns, investors can identify when the stock is experiencing a typical market fluctuation versus an unusual decline that is rare by that stock's own historical standards.

📜 Historical Drawdown Events

Current drawdown shown in blue. Showing the most recent and the deepest of 154 tracked pullbacks (65 listed).

Start DateEnd DateDurationMax DepthStart PriceLowest PriceRecovery Price
2024-06-21Ongoing753 days-46.9%$68.55$36.43n/a
2024-05-132024-06-1332 days-5.1%$64.78$61.46$65.31
2024-04-302024-05-0910 days-2.2%$64.19$62.77$64.66
2024-04-122024-04-2514 days-4.1%$59.81$57.38$62.24
2024-03-272024-04-1015 days-3.4%$59.11$57.12$59.31
2024-03-222024-03-265 days-0.8%$58.10$57.64$59.11
2024-03-052024-03-138 days-2.1%$54.41$53.25$54.45
2024-02-082024-02-2821 days-3.7%$53.34$51.39$53.43
2024-02-052024-02-062 days-0.5%$49.65$49.42$49.75
2024-01-312024-02-012 days-0.4%$48.39$48.18$48.84
2023-12-142024-01-2947 days-5.4%$46.80$44.26$48.09
2023-12-042023-12-085 days-1.1%$44.68$44.20$44.86
2023-11-272023-12-015 days-1.4%$44.39$43.78$44.68
2023-11-172023-11-204 days-0.5%$43.46$43.24$43.73
2023-11-152023-11-162 days-0.5%$43.32$43.12$43.46
2023-07-192023-11-14119 days-17.3%$43.06$35.63$43.32
2023-07-032023-07-1816 days-4.2%$42.78$40.98$43.06
2023-05-222023-06-2939 days-4.0%$42.12$40.46$42.21
2023-05-012023-05-1818 days-1.9%$41.35$40.56$41.92
2021-09-242023-04-26580 days-38.1%$38.88$24.08$40.20
2021-08-262021-09-2228 days-3.4%$38.49$37.20$38.70
2021-08-062021-08-2318 days-2.6%$38.00$37.03$38.24
2021-07-282021-07-292 days-1.0%$36.70$36.33$36.92
2021-07-262021-07-272 days-1.3%$36.62$36.14$36.70
2021-07-152021-07-217 days-4.2%$32.40$31.02$35.12
2021-07-132021-07-142 days-0.5%$32.31$32.15$32.40
2021-07-082021-07-092 days-0.5%$31.68$31.52$31.84
2021-02-102021-07-02142 days-15.7%$31.01$26.14$31.33
2021-02-032021-02-097 days-2.9%$30.46$29.59$31.01
2021-01-222021-02-0111 days-2.5%$30.07$29.33$30.18
2020-12-232021-01-1928 days-7.5%$28.53$26.38$28.59
2020-12-212020-12-222 days-0.0%$28.37$28.36$28.53
2020-09-032020-12-16105 days-13.8%$27.58$23.77$28.01
2020-08-242020-08-252 days-0.9%$25.06$24.83$25.39
2020-08-192020-08-202 days-1.4%$24.74$24.39$24.80
2020-08-142020-08-174 days-0.7%$23.90$23.73$24.32
2020-08-072020-08-137 days-3.3%$23.74$22.94$23.90
2020-07-232020-08-0615 days-6.2%$23.71$22.24$23.74
2020-07-212020-07-222 days-0.1%$23.27$23.26$23.71
2020-07-162020-07-172 days-0.4%$22.67$22.59$22.72
2020-07-072020-07-159 days-3.3%$22.52$21.78$22.67
2020-06-232020-07-0614 days-3.5%$21.41$20.66$22.52
2020-06-032020-06-2220 days-6.3%$21.18$19.84$21.41
2020-05-262020-06-028 days-6.2%$21.11$19.80$21.18
2020-05-212020-05-222 days-0.3%$20.60$20.53$21.11
2020-05-122020-05-154 days-3.4%$18.68$18.05$19.43
2020-02-202020-05-1181 days-50.2%$18.68$9.30$18.68
2020-02-052020-02-106 days-3.5%$17.70$17.08$17.81
2020-01-312020-02-045 days-1.5%$17.60$17.34$17.70
2020-01-242020-01-307 days-1.7%$17.60$17.30$17.60
2020-01-212020-01-222 days-0.8%$17.56$17.41$17.58
2019-10-222020-01-0273 days-14.1%$17.03$14.63$17.16
2015-08-062019-07-151440 days-66.8%$15.16$5.03$15.20
2015-02-042015-07-24170 days-17.4%$14.53$12.00$14.58
2014-03-212014-07-22124 days-22.1%$12.23$9.53$13.20
2012-04-162013-10-11544 days-46.4%$8.81$4.72$8.87
2011-10-282012-01-0469 days-12.5%$6.87$6.01$6.97
2011-09-202011-10-2435 days-12.9%$6.72$5.85$6.85
2011-07-252011-09-1957 days-18.6%$6.71$5.46$6.72
2010-12-022011-02-1172 days-17.8%$5.18$4.25$5.37
2010-06-162010-08-2773 days-15.2%$3.06$2.59$3.06
2007-12-272010-06-15901 days-74.6%$3.05$0.77$3.06
2007-11-012007-12-0636 days-15.7%$2.78$2.34$2.98
2007-07-162007-08-0117 days-13.2%$1.81$1.57$1.98
2006-05-102007-05-02358 days-28.5%$1.34$0.96$1.56
2006-02-072006-03-1436 days-13.1%$0.95$0.83$0.97

How to read: Each row shows a complete drawdown from peak to recovery. Red rows = most severe drawdowns (worst 20% or 5x+ average), yellow rows = moderate (2x-5x worse than average).

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Or explore current drawdowns:

Chipotle Mexican Grill, Inc. (CMG) is trading at $36.43 as of Jul 14, 2026. It is 46.9% below its high of $68.55. The drawdown has lasted 753 days. Severity score: 8.9 (Very Large).

CMG Price History and Drawdown Data

Latest price

$36.43

High-water mark

$68.55

Current drawdown

-46.9%

Days in drawdown

753

This CMG page is built around daily price history, the latest high-water mark, current drawdown depth, drawdown duration, and comparable historical drawdown events. The chart above provides the price-history context, while the sections below explain how the current move compares with prior Chipotle Mexican Grill, Inc. drawdowns.

What History Says About CMG

Chipotle Mexican Grill, Inc. has dropped 20%+ from its high 7 times in its tracked history. These events lasted an average of 575 days with an average max drop of -46.7%.

The current drawdown of -46.9% has lasted 753 days, which is 1.3x the average duration of comparable events.

PeriodMax DropDuration
Dec 2007 to Jun 2010-74.6%901 days
Aug 2015 to Jul 2019-66.8%1440 days
Feb 2020 to May 2020-50.2%81 days
Apr 2012 to Oct 2013-46.4%544 days
Sep 2021 to Apr 2023-38.1%580 days
May 2006 to May 2007-28.5%358 days

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