QSR trades at 17 times earnings, a material discount to peers and to the speaker's view of intrinsic value.
Unresolvable The public record could not settle it.
Factual: Statements about the present or the past, checked against the record: did they hold up?
The second judge would not resolve this claim; the verdict shown is the first judge's.
Said for an organisation they lead or work for; it counts on both records.
What would count as true or false
Judged as of 2026-08-12. True if Restaurant Brands International (QSR) traded at about 17 times earnings on that date or just before it, on a common basis such as forward or next-twelve-month P/E, within about ±1x (16–18x), and that multiple was lower than the P/E of comparable restaurant franchisors (for example McDonald's, Yum! Brands, Domino's, Wingstop) on the same basis. Mostly true if the discount to peers holds and the multiple is about 18–19x or 15–16x, or matches only on another reasonable earnings basis. Mixed if the multiple is about 17x but QSR traded in line with or above most peers, or if the discount holds but the multiple is clearly off (more than 2x away). Mostly false if the multiple is clearly off and the discount holds against only a small minority of peers. False if QSR's P/E was far from 17x on every reasonable basis and it traded at a premium to peers.
Set before the research began.
Evidence (3)
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E1 Restaurant Brands International (NYSE:QSR) Stock Valuation, Peer Comparison & Price Targets - Simply Wall St Simply Wall St · 30 September 2026
“> Price-To-Earnings vs Peers: QSR is good value based on its Price-To-Earnings Ratio (17.3x) compared to the peer average (25.5x).”
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E2 Restaurant Brands International (NYSE:QSR) Stock Valuation, Peer Comparison & Price Targets - Simply Wall St Simply Wall St · 30 September 2026
“YUMYum! Brands | 17.3x | -2.85% | US$38.2b |”
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E3 Restaurant Brands International Inc. Share Price (QSR) - Stock NYSE - MarketScreener UK MarketScreener · 15 October 2026
“P/E 2027 * | 17.3x”
Reasoning
The evidence shows QSR at about 17.3x earnings, below a 25.5x peer average, on pages dated 2026-09-30 and 2026-10-15 [E1][E3]. None of the evidence shows the multiple or the peer comparison on or just before 2026-08-12, which is the date the criteria require.
Cite this claim
Bill Ackman, “QSR trades at 17 times earnings, a material discount to peers and to the speaker's view of intrinsic value.” (said 12 August 2026). Verdict: unresolvable. Reliability API, claim c_2d1f3f3e760f, method 0.1.0+c876030c, dataset release v1.1.2. https://epistacklabs.com/claims/c_2d1f3f3e760f
This claim is in dataset release v1.1.2, with the same verdict.
Reply to this claim
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Verdicts are made automatically; how verdicts are made.