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Yum Brands (BSP:YUMR34) Cyclically Adjusted PB Ratio : (As of May. 26, 2024)


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What is Yum Brands Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Yum Brands Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Yum Brands's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Yum Brands Cyclically Adjusted PB Ratio Chart

Yum Brands Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
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Yum Brands Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of Yum Brands's Cyclically Adjusted PB Ratio

For the Restaurants subindustry, Yum Brands's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Yum Brands's Cyclically Adjusted PB Ratio Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Yum Brands's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Yum Brands's Cyclically Adjusted PB Ratio falls into.



Yum Brands Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Yum Brands's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Yum Brands's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book=Book Value per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=-68.725/131.7762*131.7762
=-68.725

Current CPI (Mar. 2024) = 131.7762.

Yum Brands Quarterly Data

Book Value per Share CPI Adj_Book
201406 5.757 100.560 7.544
201409 6.693 100.428 8.782
201412 4.709 99.070 6.264
201503 6.192 99.621 8.191
201506 5.661 100.684 7.409
201509 8.259 100.392 10.841
201512 4.209 99.792 5.558
201603 0.708 100.470 0.929
201606 -1.708 101.688 -2.213
201609 -8.403 101.861 -10.871
201612 -26.525 101.863 -34.314
201703 -25.967 102.862 -33.266
201706 -29.143 103.349 -37.159
201709 -28.280 104.136 -35.786
201712 -31.432 104.011 -39.823
201803 -33.863 105.290 -42.382
201806 -42.835 106.317 -53.093
201809 -48.950 106.507 -60.564
201812 -50.294 105.998 -62.525
201903 -49.603 107.251 -60.946
201906 -50.695 108.070 -61.816
201909 -55.042 108.329 -66.955
201912 -54.836 108.420 -66.649
202003 -66.792 108.902 -80.822
202006 -69.880 108.767 -84.663
202009 -70.799 109.815 -84.958
202012 -67.661 109.897 -81.132
202103 -74.807 111.754 -88.209
202106 -67.044 114.631 -77.071
202109 -70.521 115.734 -80.296
202112 -81.918 117.630 -91.770
202203 -73.872 121.301 -80.251
202206 -75.875 125.017 -79.977
202209 -78.857 125.227 -82.981
202212 -83.140 125.222 -87.492
202303 -81.608 127.348 -84.446
202306 -73.118 128.729 -74.849
202309 -72.228 129.860 -73.294
202312 -68.510 129.419 -69.758
202403 -68.725 131.776 -68.725

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Yum Brands  (BSP:YUMR34) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Yum Brands Cyclically Adjusted PB Ratio Related Terms

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Yum Brands (BSP:YUMR34) Business Description

Traded in Other Exchanges
Address
1441 Gardiner Lane, Louisville, KY, USA, 40213
Yum Brands is a U.S.-based restaurant operator featuring a portfolio of four brands: KFC (27,760 global units at year-end 2022), Pizza Hut (19,034 units), Taco Bell (8,203 units), and The Habit Burger Grill (346 units). With $59 billion in 2022 systemwide sales, the firm is the second-largest restaurant company in the world behind McDonald's ($116 billion), ahead of Restaurant Brands International ($39 billion) and Starbucks ($27 billion). Yum is 98% franchised, with the largest franchisee, Yum China, spun out in 2016 (after which Yum China agreed to pay 3% royalties to Yum Brands in perpetuity). Yum is the newest evolution of Tricon, formerly a division of PepsiCo, and generates the bulk of its revenue from franchise royalties and marketing contributions.

Yum Brands (BSP:YUMR34) Headlines

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