YUMC (Yum China Holdings) Scaled Net Operating Assets: 0.65 (As of Mar. 2026)


YUMC Yum China Holdings Inc YUMC
81 GF Score
Price $41.70
GF Value $54.02
Valuation Modestly Undervalued
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What is Yum China Holdings Scaled Net Operating Assets?

Yum China Holdings YUMC +1.81% 81 Scaled Net Operating Assets is 0.65 as of Mar. 2026. GuruFocus rates YUMC with a GF Score™ of 81/100 and a GF Value™ of $54.02 (Modestly Undervalued).

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Yum China Holdings's operating assets for the quarter that ended in Mar. 2026 was $9,408 Mil. Yum China Holdings's operating liabilities for the quarter that ended in Mar. 2026 was $2,415 Mil. Yum China Holdings's Total Assets for the quarter that ended in Dec. 2025 was $10,783 Mil. Therefore, Yum China Holdings's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.65.


Yum China Holdings Scaled Net Operating Assets Historical Data

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The historical data trend for Yum China Holdings's Scaled Net Operating Assets 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 China Holdings Scaled Net Operating Assets Chart

Yum China Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.62 0.48 0.60 0.58 0.64

Yum China Holdings Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Scaled Net Operating Assets 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 0.61 0.60 0.60 0.64 0.65

YUMC vs TXRH, DPZ, BROS: Scaled Net Operating Assets Comparison

For the Restaurants subindustry, Yum China Holdings's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets 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 Scaled Net Operating Assets vs Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Yum China Holdings's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Yum China Holdings's Scaled Net Operating Assets falls into.


YUMC
81GF Score
Yum China Holdings Inc YUMC
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Yum China Holdings Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Yum China Holdings's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(9399-2342)/11121
=0.63

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=10783 - 1384
=9399

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=4684 - 1874 - 468
=2342

Yum China Holdings's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Dec. 2025 )
=(9408-2415)/10783
=0.65

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=10837 - 1429
=9408

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=4730 - 1852 - 463
=2415

* 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.

What does a Scaled Net Operating Assets of 0.65 mean?
Yum China Holdings (YUMC) has a Scaled Net Operating Assets of 0.65 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Yum China Holdings and its competitors.
Is Yum China Holdings' Scaled Net Operating Assets too high?
Yum China Holdings' current Scaled Net Operating Assets is 0.65. Overall, Yum China Holdings has a GF Score™ of 81/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Yum China Holdings' Scaled Net Operating Assets compare to TXRH and DPZ?
Yum China Holdings' Scaled Net Operating Assets of 0.65 can be compared against companies in the Restaurants industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for a Restaurants company?
A good Scaled Net Operating Assets depends on the Restaurants industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Yum China Holdings and its competitors. Yum China Holdings's current Scaled Net Operating Assets is 0.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Yum China Holdings stock overvalued right now?
Based on GuruFocus' analysis, Yum China Holdings (YUMC) is currently considered Modestly Undervalued. The stock's GF Value™ is $54.02, compared to a current price of $41.70 — trading 22.8% below its estimated fair value. The current Scaled Net Operating Assets is 0.65. Yum China Holdings' overall GF Score™ is 81/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Yum China Holdings (YUMC), the current Scaled Net Operating Assets is 0.65 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Yum China Holdings (YUMC) Overvalued in 2026?

Based on GuruFocus' analysis, Yum China Holdings stock appears to be undervalued. The current stock price of $41.70 is trading 22.8% below its estimated GF Value™ of $54.02. GuruFocus considers Yum China Holdings to be Modestly Undervalued.

Key valuation signals for YUMC:

  • Scaled Net Operating Assets: 0.65
  • GF Value™: $54.02 vs. price of $41.70 (22.8% below fair value)
  • GF Score™: 81/100

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


Yum China Holdings Business Description

Address 20 Tian Yao Qiao Road, Yum China Building, Shanghai, CHN, 200030
Yum China is the largest restaurant operator in China, with over 18,000 locations and USD 12 billion in systemwide sales as of 2025. It generates revenue primarily from its own restaurants and franchise fees. While KFC and Pizza Hut are its flagship brands, Yum China's portfolio also includes Little Sheep, Taco Bell, Huang Ji Huang, and Lavazza.As a trademark licensee of Yum Brands, Yum China pays 3% of KFC and Pizza Hut's systemwide sales to its former parent, from which it spun off in 2016. However, even before the separation, Yum China was granted substantial autonomy, giving its Chinese leadership decision-making authority over menu, supply chain, and marketing—an unusual practice for Western chains at the time.
81GF Score

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$41.70
Price
$54.02
GF Value