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Restaurant Brands International Inc
TSX:QSR

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Restaurant Brands International Inc
TSX:QSR
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Price: 107.54 CAD -0.18% Market Closed
Market Cap: CA$35.3B

EV/EBITDA

14.2
Current
20%
Cheaper
vs 3-y average of 17.7

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
14.2
=
Enterprise Value
CA$45.2B
/
EBITDA
$2.8B

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
14.2
=
Enterprise Value
CA$45.2B
/
EBITDA
$2.8B

Valuation Scenarios

Restaurant Brands International Inc is trading below its 3-year average

If EV/EBITDA returns to its 3-Year Average (17.7), the stock would be worth CA$134.18 (25% upside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-28%
Maximum Upside
+25%
Average Downside
4%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple 14.2 CA$107.54
0%
3-Year Average 17.7 CA$134.18
+25%
5-Year Average 16.1 CA$122.1
+14%
Industry Average 10.6 CA$80.04
-26%
Country Average 10.2 CA$76.99
-28%

Forward EV/EBITDA
Today’s price vs future ebitda

Today's Enterprise Value EBITDA Forward EV/EBITDA
CA$45.2B
/
Jan 2026
$2.8B
=
14.2
Current
CA$45.2B
/
Dec 2026
$3.2B
=
14.2
Forward
CA$45.2B
/
Dec 2027
$3.4B
=
13.4
Forward
CA$45.2B
/
Dec 2028
$3.5B
=
12.8
Forward

Forward EV/EBITDA shows whether today’s EV/EBITDA still looks high or low once future ebitda are taken into account.

Peer Comparison

All Multiples
EV/EBITDA
P/E
All Countries
Close
Market Cap EV/EBITDA P/E
CA
Restaurant Brands International Inc
TSX:QSR
27.3B CAD 14.2 46.2
US
McDonald's Corp
NYSE:MCD
214.9B USD 20.5 25.1
US
Starbucks Corp
NASDAQ:SBUX
111.4B USD 23.1 81.4
UK
Compass Group PLC
LSE:CPG
46.4B GBP 13 0.3
US
Chipotle Mexican Grill Inc
NYSE:CMG
47B USD 19.8 30.6
US
Yum! Brands Inc
NYSE:YUM
44.4B USD 19.3 28.5
IN
Eternal Ltd
NSE:ETERNAL
2.4T INR 386.9 1 036
US
Darden Restaurants Inc
NYSE:DRI
22.6B USD 13 20.4
CN
Yum China Holdings Inc
NYSE:YUMC
17.2B USD 8.9 18.5
CN
MIXUE Group
HKEX:2097
117.4B HKD 0 0
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
CA
Restaurant Brands International Inc
TSX:QSR
Average EV/EBITDA: 57.6
14.2
8%
1.8
US
McDonald's Corp
NYSE:MCD
20.5
14%
1.5
US
Starbucks Corp
NASDAQ:SBUX
23.1
12%
1.9
UK
Compass Group PLC
LSE:CPG
13
16%
0.8
US
Chipotle Mexican Grill Inc
NYSE:CMG
19.8
10%
2
US
Yum! Brands Inc
NYSE:YUM
19.3
9%
2.1
IN
Eternal Ltd
NSE:ETERNAL
386.9
115%
3.4
US
Darden Restaurants Inc
NYSE:DRI
13
8%
1.6
CN
Yum China Holdings Inc
NYSE:YUMC
8.9
9%
1
CN
M
MIXUE Group
HKEX:2097
Not Available
17%
N/A

Market Distribution

Higher than 80% of companies in Canada
Percentile
80th
Based on 2 002 companies
80th percentile
18.8
Low
0 — 7
Typical Range
7 — 14.5
High
14.5 —
Distribution Statistics
Canada
Min 0
30th Percentile 7
Median 10.2
70th Percentile 14.5
Max 13 731.1

Restaurant Brands International Inc
Glance View

Restaurant Brands International Inc. (RBI) is a titanic force in the global fast-food industry, orchestrating a diverse portfolio that includes some of the most iconic names in quick service: Burger King, Tim Hortons, Popeyes, and Firehouse Subs. The company's narrative began in 2014 following the merger between Burger King and Tim Hortons, driven by a strategic vision to blend American and Canadian culinary dynasties. This fusion was not just about cross-border collaboration; it was about creating operational synergies and leveraging shared expertise to optimize costs and expand market penetration. With headquarters rooted in Toronto, Canada, RBI has amplified its global footprint by capitalizing on the brand equity of its subsidiaries. This enables robust revenue streams primarily generated from franchising, where it receives royalties and fees from thousands of franchised locations worldwide. Operating under a franchising model, RBI maintains a lean cost structure that allows for high scalability and international expansion without the cumbersome capital expenditures associated with owning and operating each restaurant. Under this model, franchisees take on the role of frontline execution, ensuring that brand standards are met and localized strategies are effectively implemented to resonate with regional tastes. RBI supports these operators with centralized marketing, supply chain efficiencies, and product innovation, thus fostering cohesive brand identities while nurturing individual growth. By striking a harmonious balance between brand standardization and local customization, Restaurant Brands International continues to refine its recipe for global success, steering the company toward sustainable long-term growth.

QSR Intrinsic Value
97.33 CAD
Overvaluation 9%
Intrinsic Value
Price CA$107.54
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