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McDonald's forward PE MCD

Share price divided by analysts' consensus earnings for the next twelve months, since 1994.

Today, Oct 23, 2026
18.9×
10-year median
24.7×
Against its 10-year history
1st
percentile: 0 is its lowest day, 100 its highest
10-year range
17.6× to 36.2×
Peer median
21.7×

McDonald's' forward PE is 18.9× as of Oct 23, 2026.

That is below its ten-year median of 24.7×, lower than on 99% of days in the last ten years.

Over that time it ranged from 17.6× in Oct 2026 to 36.2× in Feb 2020.

The median for 5 restaurant stocks of a similar size is 21.7×.

Forward PE over time

The dashed line is the 10-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

YearEnd of yearLowHigh
2026 so far18.9×17.6×26.8×
202524.9×23.4×26.4×
202424.5×21.3×26.7×
202325.1×21.4×26.7×
202224.9×22.7×28.0×
202128.1×23.6×28.1×
202026.3×24.8×36.2×
201932.0×21.9×34.1×
201822.4×20.8×26.4×
201725.5×20.5×25.8×
201620.6×18.8×25.0×
201524.2×18.7×24.2×
201419.8×16.4×20.3×
201316.8×16.3×18.6×
201216.0×15.4×18.7×
201118.5×14.5×18.5×
201015.6×14.3×16.5×
200914.8×13.3×17.5×
200816.8×14.6×19.2×
200720.0×15.1×20.6×

Against its peers

Companies in Restaurants nearest McDonald's' size, closest first, today.

CompanyForward PE
MCDMcDonald's18.9×
SBUXStarbucks33.8×
YUMYum! Brands22.4×
CMGChipotle Mexican Grill21.7×
QSRRestaurant Brands International17.8×
DRIDarden Restaurants18.5×
Peer median21.7×

Where McDonald's ranks

What the forward PE tells you

Price divided by what analysts expect the company to earn over the next twelve months. It answers "what am I paying for next year" instead of last year.

Estimates are opinions. When forward PE is far below trailing PE, analysts expect a big jump in earnings. If that jump slips, the stock was not as cheap as it looked.

More on McDonald's

Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.