Is McDonald's Corp. overvalued or undervalued?

As of 21 October 2016, McDonald's Corp. moved from a very attractive to a risky valuation grade. The company is currently overvalued, as indicated by its high P/E ratio of 56, an EV to EBITDA ratio of 38.75, and a PEG ratio of 16.25, all significantly above industry norms. In comparison, Starbucks Corp. has a P/E of 34.81 and an EV to EBITDA of 20.15, while Chipotle Mexican Grill, Inc. is considered very expensive with a P/E of 34.64.
Recent stock performance shows that McDonald's has underperformed against the S&P 500, with a 1-year return of 3.12% compared to the index's 17.14%. This trend reinforces the notion that the stock is currently overvalued relative to its peers and market performance.