Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
The forward PE ratio is 20.96.
Forward PE Ratio (20.96) = Close Price ($272.54) / Consensus Forward EPS ($12.93)
FORWARD PE RATIO
20.96
SECTOR MEDIAN · CONSUMER CYCLICAL
20.46
median of 77 covered companies
CURRENT VS SECTOR MEDIAN
+2.44%
vs the sector median at left
McDonald's Corporation
Market Cap
$193.64B
Forward PE Ratio
20.96
| NAME | MARKET CAP | FORWARD PE RATIO |
|---|---|---|
| McDonald's Corporation (MCD) | $193.64B | 20.96 |
| Booking Holdings Inc. (BKNG)vs › | $165.33B | 20.05 |
| The TJX Companies, Inc. (TJX)vs › | $155.45B | 30.00 |
| PDD Holdings Inc. (PDD)vs › | $123.94B | N/A |
| Starbucks Corporation (SBUX)vs › | $122.54B | 40.98 |
| Lowe's Companies, Inc. (LOW)vs › | $121.66B | 17.63 |
| Airbnb, Inc. (ABNB)vs › | $112.89B | 35.48 |
| BYD Company Limited (BYDDY)vs › | $105.20B | N/A |
| Alibaba Group Holding Limited (BABA)vs › | $283.96B | N/A |
| MercadoLibre, Inc. (MELI)vs › | $98.75B | 50.15 |
Trailing P/E
22.0
reported TTM EPS
Forward P/E
21.0
consensus next-FY EPS
The gap between the two multiples is the consensus growth expectation: analysts' forward EPS of $12.93 implies +5.0% EPS growth vs the reported trailing $12.31.
At today's $272.54 close, each upcoming fiscal year's consensus EPS implies a different multiple — how quickly the price is "paid down" by expected earnings if the estimates hold.
| Fiscal year end | Consensus EPS | Estimate range | Analysts | Implied P/E |
|---|---|---|---|---|
| 2026-12-31 | $12.93 | $12.69 – $13.05 | 19 | 21.1x |
| 2027-12-31 | $13.96 | $13.70 – $14.29 | 21 | 19.5x |
| 2028-12-31 | $14.96 | $14.22 – $15.51 | 11 | 18.2x |
Source: FMP analyst consensus estimates, refreshed with the daily precompute. "n/m" = the consensus EPS is not positive, so a multiple is undefined. There is no forward P/E history chart here because charting one would require the estimates as they stood in the past, which we do not store — see the trailing P/E history for how the realized multiple has moved.
PE Ratio = Share Price / Diluted EPS (TTM)
The price-to-earnings ratio measures how much investors pay for each dollar of trailing earnings. A lower PE can indicate a cheaper valuation; a higher PE implies higher growth expectations.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
