Yum Brands (BSP:YUMR34) Cyclically Adjusted PB Ratio: (As of Sep. 03, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BSP:YUMR34 Yum Brands Inc BSP:YUMR34
75 GF Score
Price R$380.00
GF Value R$427.28
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Yum Brands Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


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


Yum Brands Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

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.

Yum Brands Cyclically Adjusted PB Ratio Chart

Yum Brands Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Yum Brands Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PB 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 0.00 0.00 0.00 0.00 0.00

BSP:YUMR34 vs CMG, DRI, YUMC: Cyclically Adjusted PB Ratio Comparison

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 Cyclically Adjusted PB Ratio vs 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.


BSP:YUMR34
75GF Score
Yum Brands Inc BSP:YUMR34
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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 Jun. 2026 is calculated as:

For example, Yum Brands's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=-66.698/333.9520*333.9520
=-66.698

Current CPI (Jun. 2026) = 333.9520.

Yum Brands Quarterly Data

Book Value per Share CPI Adj_Book
201609 -8.403 241.428 -11.623
201612 -26.525 241.432 -36.690
201703 -25.967 243.801 -35.569
201706 -29.143 244.955 -39.731
201709 -28.280 246.819 -38.264
201712 -31.432 246.524 -42.579
201803 -33.863 249.554 -45.315
201806 -42.835 251.989 -56.768
201809 -48.950 252.439 -64.756
201812 -50.294 251.233 -66.853
201903 -49.603 254.202 -65.165
201906 -50.695 256.143 -66.095
201909 -55.042 256.759 -71.590
201912 -54.836 256.974 -71.262
202003 -66.792 258.115 -86.416
202006 -69.880 257.797 -90.523
202009 -70.799 260.280 -90.839
202012 -67.661 260.474 -86.748
202103 -74.807 264.877 -94.315
202106 -67.044 271.696 -82.406
202109 -70.521 274.310 -85.854
202112 -81.918 278.802 -98.122
202203 -73.872 287.504 -85.806
202206 -75.875 296.311 -85.514
202209 -78.857 296.808 -88.726
202212 -83.140 296.797 -93.548
202303 -81.608 301.836 -90.291
202306 -73.118 305.109 -80.030
202309 -72.228 307.789 -78.368
202312 -68.510 306.746 -74.586
202403 -68.725 312.332 -73.482
202406 -73.124 314.175 -77.727
202409 -75.888 315.301 -80.377
202412 -83.599 315.605 -88.459
202503 -80.671 319.799 -84.241
202506 -76.614 322.561 -79.320
202509 -72.512 324.800 -74.555
202512 -72.248 324.054 -74.455
202603 -68.955 330.213 -69.736
202606 -66.698 333.952 -66.698

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.

Is Yum Brands (BSP:YUMR34) Overvalued in 2026?

Based on GuruFocus' analysis, Yum Brands stock appears to be undervalued. The current stock price of R$380.00 is trading 11.1% below its estimated GF Value™ of R$427.28. GuruFocus considers Yum Brands to be Modestly Undervalued.

Key valuation signals for BSP:YUMR34:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: R$427.28 vs. price of R$380.00 (11.1% below fair value)
  • GF Score™: 75/100 with 4 warning signs

No single metric tells the full story. See the BSP:YUMR34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Yum Brands Business Description

Address 1441 Gardiner Lane, Louisville, KY, USA, 40213
As of the end of 2025, Yum Brands generated over $68 billion in systemwide sales from more than 63,000 restaurants across 155 markets, making it the world's second-largest restaurant firm by dollar sales. Its portfolio includes KFC (33,897 stores), Pizza Hut (19,974), Taco Bell (9,030), and Habit Burger (384), with 72% of locations in international markets. As 97% of its portfolio is franchised, Yum's business model is tilted toward recurring franchise royalties and marketing contributions (64% of revenue), with the balance derived from sales at company-owned locations. The company traces its roots to a 1997 spinoff of PepsiCo's restaurant assets.
75GF Score

Get the complete analysis for BSP:YUMR34

Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R$380.00
Price
R$427.28
GF Value