YUM (Yum Brands) Cyclically Adjusted PB Ratio: (As of Jul. 30, 2026)

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Director of Data and Quant Analytics at GuruFocus
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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.

YUM Yum Brands Inc YUM
91 GF Score
Price $156.86
GF Value $169.21
Valuation Fairly Valued
! 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  (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


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

YUM 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.


YUM
91GF Score
Yum Brands Inc YUM
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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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)
=-25.657/333.9520*333.9520
=-25.657

Current CPI (Jun. 2026) = 333.9520.

Yum Brands Quarterly Data

Book Value per Share CPI Adj_Book
201609 -5.166 241.428 -7.146
201612 -15.817 241.432 -21.878
201703 -16.606 243.801 -22.746
201706 -17.687 244.955 -24.113
201709 -18.056 246.819 -24.430
201712 -19.078 246.524 -25.844
201803 -20.654 249.554 -27.639
201806 -22.718 251.989 -30.107
201809 -23.827 252.439 -31.521
201812 -25.902 251.233 -34.430
201903 -25.830 254.202 -33.934
201906 -26.296 256.143 -34.284
201909 -26.723 256.759 -34.757
201912 -26.720 256.974 -34.724
202003 -27.339 258.115 -35.371
202006 -26.937 257.797 -34.894
202009 -26.222 260.280 -33.644
202012 -26.303 260.474 -33.723
202103 -26.550 264.877 -33.474
202106 -26.666 271.696 -32.776
202109 -26.718 274.310 -32.527
202112 -28.972 278.802 -34.703
202203 -29.689 287.504 -34.485
202206 -30.063 296.311 -33.882
202209 -30.077 296.808 -33.841
202212 -31.700 296.797 -35.668
202303 -31.336 301.836 -34.670
202306 -30.129 305.109 -32.977
202309 -29.250 307.789 -31.736
202312 -27.964 306.746 -30.444
202403 -27.601 312.332 -29.512
202406 -27.153 314.175 -28.862
202409 -27.407 315.301 -29.028
202412 -27.405 315.605 -28.998
202503 -28.020 319.799 -29.260
202506 -27.629 322.561 -28.605
202509 -27.042 324.800 -27.804
202512 -26.485 324.054 -27.294
202603 -26.371 330.213 -26.670
202606 -25.657 333.952 -25.657

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 (YUM) Overvalued in 2026?

Based on GuruFocus' analysis, Yum Brands stock appears to be undervalued. The current stock price of $156.86 is trading 7.3% below its estimated GF Value™ of $169.21. GuruFocus considers Yum Brands to be Fairly Valued.

Key valuation signals for YUM:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $169.21 vs. price of $156.86 (7.3% below fair value)
  • GF Score™: 91/100 with 4 warning signs

No single metric tells the full story. See the YUM 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.
91GF Score

Get the complete analysis for YUM

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

$156.86
Price
$169.21
GF Value