Stock Analysis on Net

YUM! Brands Inc. (NYSE:YUM)

$22.49

This company has been moved to the archive! The financial data has not been updated since October 11, 2016.

Price to Book Value (P/BV)
since 2005

Microsoft Excel

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Calculation

YUM! Brands Inc., P/BV, long-term trends, calculation

Microsoft Excel

Based on: 10-K (reporting date: 2015-12-26), 10-K (reporting date: 2014-12-27), 10-K (reporting date: 2013-12-28), 10-K (reporting date: 2012-12-29), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-25), 10-K (reporting date: 2009-12-26), 10-K (reporting date: 2008-12-27), 10-K (reporting date: 2007-12-29), 10-K (reporting date: 2006-12-30), 10-K (reporting date: 2005-12-31).

1 US$

2 Data adjusted for splits and stock dividends.

3 Closing price as at the filing date of YUM! Brands Inc. Annual Report.


Share Price Trend
The share price exhibited an overall upward trend from 2006 to 2015, increasing from $24.30 to a peak of $76.05 in 2015. However, fluctuations were noted during this period. After a rise to $36.33 in 2008, the price fell to $27.45 in 2009, likely reflecting adverse market or company-specific conditions. Following this dip, the price demonstrated consistent growth, reaching a high of $76.05 in 2015 before a slight decline to $69.52 in 2016.
Book Value Per Share (BVPS)
The book value per share showed volatility and a mixed performance over the years. Starting at $2.63 in 2006, it rose modestly to $2.73 in 2007 before declining to $2.40 in 2008. A notable negative value of -$0.23 in 2009 indicates a possible write-down, loss, or accounting adjustment negatively impacting equity. This was followed by recovery and growth, peaking at $4.89 in 2014. However, there was a decline in the subsequent years to $2.23 in 2016, suggesting challenges in sustaining net asset growth per share towards the end of the period.
Price-to-Book Value Ratio (P/BV)
The P/BV ratio generally increased from 9.25 in 2006 to a high of 31.19 in 2016, indicating that the market valuation of the shares became increasingly elevated relative to their book value. The ratio reached a temporary absence in 2009 due to the negative book value. Overall, the rising P/BV suggests growing investor confidence or market expectations ahead of the underlying net asset value, though the sharp increase in later years may reflect overvaluation risk or changes in market sentiment.
Summary and Insights
Throughout the analysis period, the share price grew substantially with notable fluctuations around economic downturns or company-specific shocks. Book value per share exhibited instability, notably turning negative in 2009, but showed signs of recovery afterward before declining again in 2016. The increasing P/BV ratio reflects a widening gap between market valuation and underlying book value, possibly pointing to higher investor optimism, perceived growth potential, or premium pricing relative to asset base. The patterns collectively indicate a company experiencing financial and market fluctuations, with rising market valuation not always supported by steady growth in book value per share.

Comparison to Competitors

YUM! Brands Inc., P/BV, long-term trends, comparison to competitors

Microsoft Excel

Based on: 10-K (reporting date: 2015-12-26), 10-K (reporting date: 2014-12-27), 10-K (reporting date: 2013-12-28), 10-K (reporting date: 2012-12-29), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-25), 10-K (reporting date: 2009-12-26), 10-K (reporting date: 2008-12-27), 10-K (reporting date: 2007-12-29), 10-K (reporting date: 2006-12-30), 10-K (reporting date: 2005-12-31).


Comparison to Sector (Consumer Services)

YUM! Brands Inc., P/BV, long-term trends, comparison to sector (consumer services)

Microsoft Excel

Based on: 10-K (reporting date: 2015-12-26), 10-K (reporting date: 2014-12-27), 10-K (reporting date: 2013-12-28), 10-K (reporting date: 2012-12-29), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-25), 10-K (reporting date: 2009-12-26), 10-K (reporting date: 2008-12-27), 10-K (reporting date: 2007-12-29), 10-K (reporting date: 2006-12-30), 10-K (reporting date: 2005-12-31).


Comparison to Industry (Consumer Discretionary)

YUM! Brands Inc., P/BV, long-term trends, comparison to industry (consumer discretionary)

Microsoft Excel

Based on: 10-K (reporting date: 2015-12-26), 10-K (reporting date: 2014-12-27), 10-K (reporting date: 2013-12-28), 10-K (reporting date: 2012-12-29), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-25), 10-K (reporting date: 2009-12-26), 10-K (reporting date: 2008-12-27), 10-K (reporting date: 2007-12-29), 10-K (reporting date: 2006-12-30), 10-K (reporting date: 2005-12-31).