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Yum China Holdings (HKSE:09987) Cyclically Adjusted PS Ratio : 1.55 (As of Jun. 01, 2024)


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What is Yum China Holdings Cyclically Adjusted PS Ratio?

As of today (2024-06-01), Yum China Holdings's current share price is HK$270.80. Yum China Holdings's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec23 was HK$174.44. Yum China Holdings's Cyclically Adjusted PS Ratio for today is 1.55.

The historical rank and industry rank for Yum China Holdings's Cyclically Adjusted PS Ratio or its related term are showing as below:

HKSE:09987' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.58   Med: 1.93   Max: 2.85
Current: 1.59

During the past 11 years, Yum China Holdings's highest Cyclically Adjusted PS Ratio was 2.85. The lowest was 1.58. And the median was 1.93.

HKSE:09987's Cyclically Adjusted PS Ratio is ranked worse than
74.39% of 246 companies
in the Restaurants industry
Industry Median: 0.795 vs HKSE:09987: 1.59

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Yum China Holdings's adjusted revenue per share data of for the fiscal year that ended in Dec23 was HK$204.133. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is HK$174.44 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Yum China Holdings Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Yum China Holdings's Cyclically Adjusted PS 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.

* Premium members only.

Yum China Holdings Cyclically Adjusted PS Ratio Chart

Yum China Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 2.51 1.90

Yum China Holdings Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted PS Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - 1.90 -

Competitive Comparison of Yum China Holdings's Cyclically Adjusted PS Ratio

For the Restaurants subindustry, Yum China Holdings's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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 China Holdings's Cyclically Adjusted PS Ratio Distribution in the Restaurants Industry

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

* The bar in red indicates where Yum China Holdings's Cyclically Adjusted PS Ratio falls into.



Yum China Holdings Cyclically Adjusted PS Ratio Calculation

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

Yum China Holdings's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=270.80/174.44
=1.55

* 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.

Yum China Holdings's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Yum China Holdings's adjusted Revenue per Share data for the fiscal year that ended in Dec23 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=204.133/114.7809*114.7809
=204.133

Current CPI (Dec23) = 114.7809.

Yum China Holdings Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201412 137.864 99.000 159.840
201512 137.307 100.600 156.662
201612 148.759 102.600 166.420
201712 152.507 104.500 167.511
201812 166.583 106.500 179.536
201912 176.527 111.200 182.212
202012 159.338 111.500 164.027
202112 177.059 113.108 179.678
202212 175.291 115.116 174.781
202312 204.133 114.781 204.133

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue 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 China Holdings  (HKSE:09987) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.


Yum China Holdings Cyclically Adjusted PS Ratio Related Terms

Thank you for viewing the detailed overview of Yum China Holdings's Cyclically Adjusted PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Yum China Holdings (HKSE:09987) Business Description

Traded in Other Exchanges
Address
20 Tian Yao Qiao Road, Yum China Building, Shanghai, CHN, 200030
With almost 13,000 units and USD 10 billion in systemwide sales in 2022, Yum China is the largest restaurant chain in China. It generates revenue through its own restaurants and franchise fees. Key concepts include KFC (9,094 units) and Pizza Hut (2,903), but the company's portfolio also includes other brands such as Little Sheep, East Dawning, Taco Bell, Huang Ji Huang, COFFii & Joy, and Lavazza (collectively representing about 950 units). Yum China is a trademark licensee of Yum Brands, paying 3% of total systemwide sales to the company it separated from in October 2016.
Executives
Jpmorgan Chase & Co. 2502 Approved lending agent
Gic Private Limited 2102 Investment manager
Invesco Advisers, Inc. 2102 Investment manager
Blackrock, Inc. 2201 Interest of corporation controlled by you
Invesco Developing Markets Fund 2106 Person having a security interest in shares

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