Restaurant Brands International Inc (QSR) fair value: what the stock is really worth
As of Oct 30, 2026: fair value (intrinsic value) of Restaurant Brands International Inc stock $73.32, price $72.41, upside +1.3%, quality 57 out of 100. Rating: fairly valued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 1, 2026.
How to read this chart
60‑month range $40.14 – $80.85 · fair‑value band $43.30 – $92.78 · the $72.41 price screens below the $73.32 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 1, 2026.
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Restaurant Brands International Inc. operates as a quick service restaurant company in Canada, the United States, and internationally. It operates through six segments: Tim Hortons, Burger King, Popeyes Louisiana Kitchen, Firehouse Subs, International, and Restaurant Holdings.
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The company owns and franchises Tim Hortons, a coffee and baked good restaurant chain that offers beverages, sandwiches, wraps, flatbread pizzas, and others; Burger King, a quick service hamburger restaurant chain that offers flame-grilled hamburgers, chicken, and other sandwiches; Popeyes, a quick service chicken concept that offers a Louisiana style menu, including fried bone-in chicken, chicken sandwiches, chicken tenders, wings, fried shrimp, and regional items; and Firehouse Subs, which offers subs with meats and cheese, as well as chili, soups, soft drinks, and other sides.
Restaurant Brands International Inc. was founded in 1954 and is headquartered in Miami, Florida.
Stock analysis
Restaurant Brands International Inc (QSR) currently trades at $72.41, while our model-based Fair Value estimate is $73.32, so the stock looks roughly fairly valued today (gap 1.2%).
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Valuation
Bull case: the DCF Models group reads highest at a median of $36.66 per share, and 0 of the 23 models we run sit above the $72.41 price.
Bear case: the Economic Profit group reads lowest at $13.20, and 23 of the 23 models stay below the price. Data coverage for this calculation is high.
Scenario range: $43.30 (bear) to $92.78 (bull), the price of $72.41 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 57/100 (solid quality), in the Consumer Cyclical sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Restaurant Brands International Inc reported revenue of $9.4B in FY2025 versus $5.7B in FY2021, a compound +13.2%/yr. Reported net income was $776M in FY2025, compounding −1.9%/yr from FY2021.
Key figures
Market cap $33.3B Large · P/E ratio 18.3 · P/S ratio 2.55 · EPS (TTM) $3.98 · Dividend yield 3.5% · Net margin 13.1% · Return on equity 34.8% · Return on assets (EBIT) 8.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 68 out of 100 (medium confidence).
What moves the price
The share trades about 10% below its 52-week high and 14% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −30% fair-value upside, at 1%, QSR screens cheaper than that median.
Fair Value models
Bear$43.30Fair Value $73.32Bull$92.78
Price $72.41 · Upside +1.3%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then ($1.21 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.92/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+12.2%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+13.2%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+13.7%
Start year 2020 (pandemic). Over 10 years: +8.8% a year
Revenue growth 22 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+7.9%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: adjusted.
+11.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+8.4%
Dividend (yield on the price)3.5%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.4.4% vs 8.0%, slowing
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.29% → 24%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes about as much growth as the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+13.3%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+1.4%
Yearly sales growth analysts expect, extended to five years.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +10.7% a year for the price and −1.0% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (97 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Positive
Recent news coverage is more positive than average.
AI conclusion: The franchise model supplies moderate organizational capital while limited innovation and elevated debt stand out as the chief weaknesses.
Main risk: Chains such as Chick-fil-A, Raising Cane’s and Zaxby’s could draw customers from Popeyes and Burger King with simpler menus and stronger operations, pressuring comparable sales and margins across RBI’s portfolio.
Bull case: RBI could extend the Burger King turnaround to Popeyes through operational focus and menu simplification while leveraging its multi-brand scale to attract stronger franchisees and maintain system growth.
Bear case: Persistent underperformance at Popeyes and further franchisee failures could widen brand gaps, reduce royalty income and force costly interventions that strain the franchised structure over several years.
Restaurant Brands runs several quick-service chains whose recent comparable sales trends diverge sharply. Burger King US posted 8.5 percent growth in the latest quarter while Popeyes saw a 5.1 percent decline. Will the momentum at one brand be enough to lift the others or will the gaps widen?
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Restaurants · 204 stocks
Beats the industry median on 9/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score57 · Above median
Fair Value upside+1.3% · Below median
Profitability
Return on equity (12 months)34.8% · Top 25%
Return on assets4.2% · Above median
Net margin (12 months)18.2% · Top 25%
Operating margin (12 months)27.7% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)4.6% · Above median
Dividend yield (12 months)3.5% · Above median
Balance sheet
Debt / equity3.65× · Highest 25%
Valuation Multiplesvs Restaurants median · lower = cheaper
P/E (12 months)18.3× · Cheaper than median
P/B9.17× · book value is mostly goodwill ⓘGoodwill and other intangible assets are larger than the equity. The book value mainly reflects prices paid for past acquisitions, so we do not rank this P/B against the peer group.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Restaurant Brands International Inc Fair Value". https://www.fairvalue-calculator.com/stock/QSR
Frequently asked questions
Is Restaurant Brands International Inc (QSR) overvalued or undervalued?
As of Nov 1, 2026, our model estimates a fair value of $73.32 versus a price of $72.41, about +1% upside (fairly valued).
What is the fair value of QSR?
Our model-based fair value for Restaurant Brands International Inc is $73.32 (as of Nov 1, 2026), built from audited fundamentals. The current price: $72.41.
What is the quality score of QSR?
Restaurant Brands International Inc has a Quality Score of 57/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Restaurant Brands International Inc (QSR)?
Our model-based price target is the fair value of $73.32 (as of Nov 1, 2026) from 23 valuation models. Cautious scenario $43.30, optimistic scenario $92.78. It is a calculation from audited fundamentals, not an analyst target.
What is the Restaurant Brands International Inc stock forecast for 2026?
Our models put fair value at $73.32, about +1% upside versus a price of $72.41 (fairly valued). Cautious scenario $43.30, optimistic scenario $92.78. The calculation is refreshed regularly with new filings.
What is the revenue of Restaurant Brands International Inc (QSR)?
Restaurant Brands International Inc reported trailing-twelve-month revenue of about $9.7B (latest available figure, as of Nov 1, 2026).
Does Restaurant Brands International Inc pay a dividend?
Restaurant Brands International Inc currently shows a dividend yield of 3.51% relative to its recent price (as of Nov 1, 2026).
What growth is priced into Restaurant Brands International Inc (QSR)?
For today's price to be fair in a discounted-cash-flow model, Restaurant Brands International Inc would have to grow free cash flow by +13.3 % per year for five years (discount rate 8.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +13.7 % per year. As of Nov 1, 2026.
What discount rate (WACC) does the fair value of QSR use?
Our models discount Restaurant Brands International Inc at 8.2 %: a base by market capitalisation (large), damped by beta 0.54, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Restaurant Brands International Inc that is +13.3 % per year a year over ten years, using the same discount rate (8.2 %) and the same formula as our fair value.
How much growth has Restaurant Brands International Inc (QSR) delivered so far?
Over the past 5 years revenue at Restaurant Brands International Inc grew +13.7 % a year. The price currently implies +13.3 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Restaurant Brands International Inc (QSR) growing?
The median revenue growth in the sector is +4.9 % a year. That is the yardstick for the growth priced into Restaurant Brands International Inc (+13.3 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Restaurant Brands International Inc (QSR)?
The free-cash-flow yield on the price is 4.35 %: that much free cash flow Restaurant Brands International Inc produces per unit of market value. When it exceeds the discount rate of our models (8.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Restaurant Brands International Inc (QSR)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Restaurant Brands International Inc it is $73.32 per share (as of Nov 1, 2026), against a price of $72.41. It is the blended result of 23 valuation models (cash flow, earnings, asset, dividend).
Is Restaurant Brands International Inc stock overvalued or undervalued in 2026?
As of Nov 1, 2026, QSR trades below its calculated fair value: price $72.41, fair value $73.32, a gap of about +1% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of QSR?
No. The price is what the market pays today ($72.41); the fair value is what the company's own numbers justify ($73.32). For Restaurant Brands International Inc the two are $0.9100 per share apart. That gap is exactly why we show both numbers side by side.
How much is Restaurant Brands International Inc worth?
The market values Restaurant Brands International Inc at about $33.3B (market capitalisation, as of Nov 1, 2026). Per share that is $72.41; our models calculate a fair value of $73.32 per share.
What do the bullish and bearish scenarios say about QSR?
Our models span a range for Restaurant Brands International Inc: cautious scenario $43.30, base $73.32, optimistic $92.78 per share (as of Nov 1, 2026, price $72.41). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of QSR?
Restaurant Brands International Inc trades at a price-to-earnings ratio of 18.3 (as of Nov 1, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $73.32 is built from several models across several years. Excluding one-off items of fiscal year 2025 it is 17.9 (reported for FY2025: 42.6). Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), earnings ex one-offs: 23.5. Other multiples: PEG 1.1, P/B 9.2, P/S 4.8, EV/EBITDA 21.5.
What is the PEG ratio of QSR?
The PEG ratio of Restaurant Brands International Inc is 1.15 (P/E divided by earnings growth, as of Nov 1, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Restaurant Brands International Inc (QSR)?
Balance-sheet figures for Restaurant Brands International Inc (as of Nov 1, 2026): return on equity 34.8%, debt of 3.65 per unit of equity. They feed the Quality Score of 57/100, which measures business quality independently of the share price.
How far is QSR from its 52-week high?
Restaurant Brands International Inc trades at $72.41, about 10% below its 52-week high of $80.85 and 14% above the low of $63.39 (as of Oct 30, 2026). Distance from the high says nothing about value: that is what the fair value of $73.32 is for.
Which stocks are comparable to Restaurant Brands International Inc?
From the same area (Consumer Cyclical) we also value McDonald's Corporation, Starbucks Corporation, Yum! Brands, Inc, Chipotle Mexican Grill, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Restaurant Brands International Inc stock attractive at the current price?
The data as of Nov 1, 2026: price $72.41, calculated fair value $73.32 (+1%), Quality Score 57/100, from 23 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of QSR calculated?
We run Restaurant Brands International Inc through 23 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $73.32, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.2 % above its aggregate fair value. Restaurant Brands International Inc currently trades 1 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Restaurant Brands International Inc (QSR)?
The closing price on Oct 30, 2026 was $72.41. Our model-based fair value is $73.32, about +1% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Restaurant Brands International Inc right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range ($43.30 to $92.78) leaves room in how you read the outcome.
Where does the earnings growth of Restaurant Brands International Inc (QSR) come from?
Earnings per share at Restaurant Brands International Inc grew +10.6 % a year from 2014 to 2025. Broken into its drivers: revenue per share +10.8 %, EBIT margin −2.0 %, tax rate +1.5 %, residual (interest, one-offs) +0.3 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Restaurant Brands International Inc
How large is the market capitalisation of Restaurant Brands International Inc (QSR)?
The market capitalisation of Restaurant Brands International Inc is $33.3B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Restaurant Brands International Inc (QSR)?
The price-to-sales ratio of Restaurant Brands International Inc is 2.55 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Restaurant Brands International Inc (QSR)?
Earnings per share at Restaurant Brands International Inc are $3.98 (price ÷ EPS = P/E 18.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Restaurant Brands International Inc (QSR)?
The dividend yield of Restaurant Brands International Inc is 3.5% (payout 26.8%, on adjusted earnings, reported 63.8%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Restaurant Brands International Inc (QSR)?
The net margin of Restaurant Brands International Inc is 13.1% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Restaurant Brands International Inc (QSR)?
The return on equity (ROE) of Restaurant Brands International Inc is 34.8% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Restaurant Brands International Inc (QSR)?
On an EBIT basis the return on assets of Restaurant Brands International Inc is 8.8% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Restaurant Brands International Inc (QSR)?
The operating margin of Restaurant Brands International Inc is 27.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Restaurant Brands International Inc (QSR)?
Revenue at Restaurant Brands International Inc is growing +4.6% versus a year earlier (3y avg +13.2%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Restaurant Brands International Inc (QSR)?
Earnings per share at Restaurant Brands International Inc are growing +151% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Restaurant Brands International Inc (QSR) carry?
The net debt of Restaurant Brands International Inc is $16.4B (fiscal year 2025, ≈ 11.3 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Nov 1, 2026