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Yum Brands (Yum Brands) Cyclically Adjusted PB Ratio : (As of Apr. 28, 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
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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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 Dec. 2023 is calculated as:

For example, Yum Brands's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book=Book Value per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=-27.964/129.4194*129.4194
=-27.964

Current CPI (Dec. 2023) = 129.4194.

Yum Brands Quarterly Data

Book Value per Share CPI Adj_Book
201403 5.147 99.695 6.682
201406 5.150 100.560 6.628
201409 5.726 100.428 7.379
201412 3.565 99.070 4.657
201503 3.942 99.621 5.121
201506 3.639 100.684 4.678
201509 4.232 100.392 5.456
201512 2.169 99.792 2.813
201603 0.383 100.470 0.493
201606 -0.998 101.688 -1.270
201609 -5.166 101.861 -6.564
201612 -15.817 101.863 -20.096
201703 -16.606 102.862 -20.893
201706 -17.687 103.349 -22.149
201709 -18.056 104.136 -22.440
201712 -19.078 104.011 -23.738
201803 -20.654 105.290 -25.387
201806 -22.718 106.317 -27.655
201809 -23.827 106.507 -28.953
201812 -25.902 105.998 -31.625
201903 -25.830 107.251 -31.169
201906 -26.296 108.070 -31.491
201909 -26.723 108.329 -31.926
201912 -26.720 108.420 -31.895
202003 -27.339 108.902 -32.490
202006 -26.937 108.767 -32.052
202009 -26.222 109.815 -30.903
202012 -26.303 109.897 -30.976
202103 -26.550 111.754 -30.747
202106 -26.666 114.631 -30.106
202109 -26.718 115.734 -29.877
202112 -28.972 117.630 -31.876
202203 -29.689 121.301 -31.676
202206 -30.063 125.017 -31.122
202209 -30.077 125.227 -31.084
202212 -31.700 125.222 -32.763
202303 -31.336 127.348 -31.846
202306 -30.129 128.729 -30.291
202309 -29.250 129.860 -29.151
202312 -27.964 129.419 -27.964

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  (NYSE:YUM) 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

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


Yum Brands (Yum Brands) Business Description

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.
Executives
David W Gibbs director, officer: Chief Executive Officer 7100 CORPORATE DRIVE, PLANO TX 75024
Mark James King officer: CEO - Taco Bell 1441 GARDINER LANE, LOUISVILLE KY 40213
M. Brett Biggs director 702 SW 8TH STREET, BENTONVILLE AR 72716
Susan Doniz director C/O THE BOEING COMPANY, 100 RIVERSIDE PLAZA, MC 5003-1001, CHICAGO IL 60606-1596
Graddick Weir Mirian M director 2000 GALLOPING HILL ROAD, KENILWORTH NJ 07033
Scott Catlett officer: General Counsel and Corp. Sec. 1441GARDINER LANE, LOUISVILLE KY 40213
Tracy L Skeans officer: Chief People Officer 1441 GARDINER LANE, LOUISVILLE KY 40213
David Eric Russell officer: Vice President, Controller 1441 GARDINER LANE, LOUISVILLE KY 40213
Sabir Sami officer: Chief Executive Officer - KFC 1441 GARDINER LANE, LOUISVILLE KY 40213
Anthony Lowings officer: CEO, KFC Division 1441 GARDINER LANE, LOUISVILLE KY 40213
Aaron Powell officer: CEO - Pizza Hut P.O. BOX 619100, DALLAS TX 75261-9100
Lauren R Hobart director 345 COURT STREET, CORAOPOLIS PA 15275
Greg Creed officer: President Taco Bell 1441 GARDINER LANE, LOUISVILLE KY 40213
Scrivner Annie Young director 2401 UTAH AVE. S. SUITE 800, SEATTLE WA 98134
Keith Barr director BROADWATER PARK, DENHAM, BUCKINGHAMSHIRE X0 UB9 5HR