McDonalds Corp (MCD)

Retail-Eating Places

Latest Price

$258.12

TTM P/E

20.97

Normalized P/E

23.80

TTM Div Yield

2.85%

Fwd Div Yield

2.85%

Book Value

P/B Ratio

Valuation metrics

Norm. op. income: $10.4B (median of 7yr)

Tax rate: 21%

Discount rate: 10%

Growth assumption: zero (EPV is a no-growth value)

Earnings Power Value

$59.88

77% downside

Base FCF: $7.1B (median of recent 5yr)

Growth: -0%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$61.55

76% downside

EPS: $11.95

Target P/E: 24×

Formula: EPS × P/E

P/E Fair Value

$286.80

+11% upside

75.2% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	55.44M	$14.98B	7.83%	+83.3K	2026-06-30
Vanguard Capital Management LLC	46.40M	$12.54B	6.56%	+180.7K	2026-06-30
State Street Corp	36.08M	$9.75B	5.10%	+646.7K	2026-06-30
JPMorgan Chase & Co	31.92M	$8.53B	4.51%	+141.5K	2026-06-30
Vanguard Portfolio Management LLC	18.78M	$5.08B	2.65%	-323.2K	2026-06-30
Geode Capital Management, LLC	18.11M	$4.89B	2.56%	+152.6K	2026-06-30
Morgan Stanley	15.03M	$4.06B	2.12%	-591.1K	2026-06-30
Bank of America Corp	11.00M	$2.97B	1.55%	-1.16M	2026-06-30
Norges Bank	9.88M	$2.67B	1.40%	+421.1K	2026-06-30
Price T Rowe Associates Inc	9.02M	$2.44B	1.28%	-710.1K	2026-06-30