Restaurant Brands International stock trades below analyst fair value as earnings momentum builds
Published on 08/31/2026 at 06:44 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Restaurant Brands International Inc. (QSR, ISIN CA7481931070) stock is currently valued below several fair value and 12-month price expectations as of late May 2026, even as earnings and cash generation trends show ongoing improvement across its global quick-service portfolio.
Valuation versus recent earnings
Per a detailed valuation overview for Restaurant Brands International, the company’s market capitalization stands at US$34.42 billion with trailing earnings of US$1.08 billion as of March 31, 2026, giving a reported price-to-earnings ratio in the mid-20s based on that earnings run-rate. The valuation summary also notes that annual earnings for the most recent fiscal year ended December 31, 2025, are used as the baseline for several comparative metrics.
The same analysis presents a current average 12-month price target of US$86.07 for Restaurant Brands International stock with a current share price reference of US$74.72 and a fair price-to-earnings ratio benchmark of 29.7x as of late May 2026. The analyst target table shows this US$86.07 target implying an upside of 15.20% from the US$74.72 share price, highlighting that the stock trades at a discount to those consensus expectations based on the data compiled for May 27, 2026.
Analyst expectations and forward path
Looking across the forward scenarios in the same dataset, the valuation and price-target table lists a series of projected end-of-month share prices and corresponding analyst averages through December 2026. For example, the table cites a projected share price scenario of US$71.61 in December 2026 against an average analyst target of US$77.93, reflecting an 8.83% gap between the hypothetical share price level and the expected target at that point. The forward scenario listing also shows dispersion data and high-low target ranges, with the December 2026 case featuring a high estimate of US$96.00 and a low of US$65.00.
For June 2026, the same table indicates a referenced share price of US$71.41 against an average analyst price target of US$76.57, an implied upside of 7.23% at that point, with a high target of US$93.00 and a low of US$62.00. The June 2026 snapshot underscores that, on multiple dates in 2026, Restaurant Brands International stock is framed as trading below the consensus 12?month targets, suggesting room for appreciation if earnings and cash flows track those expectations.
Profitability and fair value lens
Beyond price targets, the valuation overview underscores that Restaurant Brands International generates substantial profits relative to its size, listing earnings of US$1.08 billion alongside the US$34.42 billion market cap in early 2026. The earnings metrics serve as inputs into the fair price-to-earnings ratio calculation of 29.7x, which is used to gauge whether the mid?20s reported P/E multiple is attractive versus a sector or risk-adjusted benchmark. When comparing the current multiple to that fair value yardstick, the stock appears modestly below the suggested fair P/E level.
The same analysis frames Restaurant Brands International within the broader consumer services and quick?service restaurant universe, benchmarking its valuation against peers and factoring in growth expectations through 2026 and 2027. The comparative tables show that the company’s earnings base and anticipated growth support a fair value target higher than the current reference share price, reinforcing the idea that the stock discounts some of the forecast expansion in Burger King, Tim Hortons, Popeyes, and Firehouse Subs.
Concept brands underpinning cash generation
Restaurant Brands International Inc. is the parent company behind several globally recognized quick?service restaurant concepts, including Burger King, Tim Hortons, Popeyes Louisiana Kitchen, and Firehouse Subs. The group’s strategy hinges on franchising and royalty streams, with capital-light expansion supported by partners who operate restaurants under the company’s banners. As those franchise systems grow, restaurant sales feed into higher royalty revenue, which in turn supports the consolidated earnings and cash flow metrics reflected in the March 31, 2026 earnings snapshot and the December 31, 2025 annual earnings base referenced in the valuation data.
Burger King contributes material international exposure, with restaurants across North America, Europe, Latin America, and Asia generating recurring royalty streams tied to system sales. Tim Hortons anchors the portfolio in Canada and select international markets, with coffee, baked goods, and breakfast categories driving traffic and same?store sales performance. Popeyes adds a differentiated fried chicken concept with strong brand recognition and growth opportunities in the United States and abroad, while Firehouse Subs delivers an additional sandwich platform focused on hot subs and community-oriented branding. Together, these brands underpin the US$1.08 billion earnings figure cited for the trailing period ending March 31, 2026, and the longer?term annual earnings profile as of December 31, 2025.
Burger King as a representative product concept
Burger King is one of the most recognizable product concepts within Restaurant Brands International’s portfolio, centered on flame?grilled burgers such as the Whopper, chicken sandwiches, fries, and related quick?service offerings. The brand’s value proposition pairs speed and convenience with widely marketed signature items, making it a cornerstone of the company’s global royalty and franchise fee income. As Burger King expands its restaurant count and works on menu innovation, digital ordering, and delivery partnerships, the resulting sales growth feeds into Restaurant Brands International’s consolidated revenue and earnings figures, which are reflected in the March 31, 2026 quarterly earnings data and the 2025 annual results used in the valuation framework.
Shares and current valuation context
Restaurant Brands International stock is listed on the New York Stock Exchange under the ticker QSR, with trading denominated in U.S. dollars. As of late May 2026, the valuation overview reports a share price reference of US$74.72 against an US$86.07 average 12?month price target and a fair price-to-earnings benchmark of 29.7x, while earnings of US$1.08 billion and a market capitalization of US$34.42 billion as of March 31, 2026 frame the company’s scale and profitability. Taken together, these figures show that Restaurant Brands International shares trade at a valuation that is below several fair value and analyst target references, with the underlying quick?service brands continuing to support cash generation and growth into 2026.
Fact box
Company: Restaurant Brands International Inc.
ISIN: CA7481931070
Ticker: QSR
Exchange: New York Stock Exchange
Market cap: US$34.42 billion (as of March 31, 2026)
Sector / Industry: Consumer services - quick-service restaurants
Index membership: S&P 500
