Stock fact sheet · data as of
Restaurant Brands International Inc. (QSR): fair value, margin of safety and Wheel Score
Consumer Cyclical · Restaurants · United States · Defensive
Is QSR undervalued?
Restaurant Brands International Inc. (QSR) closed at 72.41 on 16 Oct 2026, close to the GLS average fair value of 69.84 (3.7% above fair value). 4 of the 9 models that produced a number sit above the price, 5 below - the market and our models roughly agree. With little margin of safety either way, the case for or against the stock rests on the quality numbers and the option premium rather than on price.
The 9 models disagree widely: GLS Growth gives 14.14 while DCF gives 175.56. A spread that wide means the average is sensitive to which methods you trust; the model table below shows where each one lands, and the Quote page lets you switch any of them off.
The nightly engine files QSR under Defensive: a low beta, a dividend and positive earnings.
Nine valuation models for QSR
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 175.56 | +142% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 30.18 | -58% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 98.83 | +36% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 34.99 | -52% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 14.14 | -80% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 106.30 | +47% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 90.12 | +24% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 37.82 | -48% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 40.64 | -44% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -50.54 | -170% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 84.80 | +17% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
On financial health QSR scores 8/9 (Piotroski): most of the nine tests - positive earnings and cash flow, falling debt, rising margins and turnover - are passed, which is the kind of balance sheet a wheel trader is happy to be assigned. The GLS Moat score is low at 4.7 out of 10, which says the ten-year record of revenue, earnings, margins and returns on capital has been inconsistent - growth and shocks rather than steady compounding.
Returns on capital are thin or negative - ROIC 3.7%, ROE 21.4%, ROA 3.0% - with debt at 4.84 times equity and a free-cash-flow yield of 6.2%. Debt of 4.84 times equity is on the high side for the sector and is worth checking against the cash flow before treating the stock as a long-term hold.
The dividend yield is 3.55% at a payout ratio of 89%; for a wheel trader holding assigned shares the dividend adds to the covered-call premium, and the ex-dividend date is worth knowing before a call is sold. Revenue comes mainly from TH 45%, RH 20%, Burger King brand 14% (quarter Q2 FY2026).
Institutional ownership scores 10/10, insider activity 3/10 and Congressional trading 10/10 on the GLS smart-money scales; the last recorded Congressional buy was on 6 Aug 2026.
| Piotroski F-score | 8 / 9 | ROIC | 3.7% |
|---|---|---|---|
| GLS Moat | 4.7 / 10 | ROE | 21.4% |
| Debt / equity | 4.84 | ROA | 3.0% |
| Free-cash-flow yield | 6.2% | Payout ratio | 89% |
| Institutions | 10 / 10 | Insiders · Congress | 3 · 10 / 10 |
Wheel Score 70: Good
QSR scores 70 out of 100 on the Wheel Score (Good band, 65-79). The score blends the margin of safety (Value, 11/25), Piotroski health (18/20), the GLS moat (7/15), the option premium on offer (14/20) and how easily the stock trades (20/20). Value (11/25) is the part holding the score back.
Implied volatility is 29% on the near-the-money contracts 20-60 days out: some premium, but under the 35-60% range the Wheel Score pays full marks for (14 of 20 points). Chain open interest is 38,935 contracts across all expiries - enough for the wheel at normal size.
Volume runs at 3.2M shares a day on a market cap of $25.3B, with a beta of 0.54 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score gives that 20 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 11 / 25 | -4% margin of safety | |
| Health | 18 / 20 | Piotroski 8/9 | |
| Moat | 7 / 15 | moat 4.7/10 | |
| Premium | 14 / 20 | implied volatility 29% | |
| Stability | 20 / 20 | 3.2M shares/day, $25.3B cap, beta 0.54 |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.
Upcoming events
Restaurant Brands International Inc. reports earnings on 29 Oct 2026 (before the open) - inside the 14-day window the Sunday Scan avoids, because a put sold now would carry the report's gap risk.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Restaurants
The 12 companies below are the closest to Restaurant Brands International Inc. by market cap within the Restaurants industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| DRI Darden Restaurants, Inc. | 214.31 | 160.14 | -34% | 62Fair | $24.2B |
| CMG Chipotle Mexican Grill, Inc. | 30.56 | 26.14 | -17% | 71Good | $38.7B |
| YUM Yum! Brands, Inc. | 146.69 | 140.99 | -4% | 70Good | $40.0B |
| YUMC Yum China Holdings, Inc. | 43.20 | 69.88 | +38% | 91Prime | $14.8B |
| TXRH Texas Roadhouse, Inc. | 166.64 | 124.53 | -34% | 64Fair | $10.9B |
| DPZ Domino's Pizza, Inc. | 303.09 | 307.19 | +1% | 77Good | $10.0B |
| EAT Brinker International, Inc. | 204.91 | 291.64 | +30% | 90Prime | $8.6B |
| BROS Dutch Bros Inc. | 41.10 | 24.65 | -67% | 54Fair | $7.7B |
| CAVA CAVA Group, Inc. | 55.40 | 13.31 | -316% | 56Fair | $6.5B |
| SBUX Starbucks Corporation | 93.25 | 44.22 | -111% | 62Fair | $106.3B |
| CAKE The Cheesecake Factory Incorporated | 116.59 | 93.42 | -25% | 57Fair | $5.8B |
| MCD McDonald's Corporation | 242.50 | 213.16 | -14% | 64Fair | $171.6B |
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Start free See the Sunday ScanQuestions about QSR
Is QSR undervalued right now?
Not meaningfully: at 72.41 the stock trades within a few percent of the GLS average fair value of 69.84 (3.7% above fair value, data as of 16 Oct 2026).
What is the Wheel Score of QSR and what does it mean?
QSR scores 70 out of 100 (Good). The Wheel Score blends the margin of safety (25 points), Piotroski health (20), the GLS moat (15), the option premium on offer (20) and trading stability (20) into one number that ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned. 80 and above is Prime, 65-79 Good, 50-64 Fair, under 50 Weak.
What is the GLS fair value for QSR?
69.84 per share as of 16 Oct 2026 - the simple average of the 9 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Restaurant Brands International Inc. report earnings next?
The next earnings report is due on 29 Oct 2026 (before the open), 13 days from the data date of 16 Oct 2026. The Calendars page lists every upcoming report with its time of day.
Does QSR have listed options, and how liquid are they?
Yes. The nightly snapshot found 360 listed contracts with 38,935 open interest across all expiries and implied volatility of 29% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.