Price to Book Value (P/BV)
since 2005
Calculation
YUM! Brands Inc., P/BV, long-term trends, calculation
| P/BV | = | Share price1, 2, 3 | ÷ | Book value per share1 (BVPS) | BVPS1 | = | Shareholders’ equity (deficit), YUM! Brands, Inc.1 (in millions) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Feb 16, 2016 | 31.19 | = | 69.52 | ÷ | 2.23 | 2.23 | = | 911 | ÷ | 408,711,522 | |
| Feb 17, 2015 | 21.29 | = | 76.05 | ÷ | 3.57 | 3.57 | = | 1,547 | ÷ | 433,115,252 | |
| Feb 18, 2014 | 14.98 | = | 73.24 | ÷ | 4.89 | 4.89 | = | 2,166 | ÷ | 442,931,286 | |
| Feb 20, 2013 | 13.51 | = | 64.56 | ÷ | 4.78 | 4.78 | = | 2,154 | ÷ | 450,729,244 | |
| Feb 21, 2012 | 16.54 | = | 65.50 | ÷ | 3.96 | 3.96 | = | 1,823 | ÷ | 460,414,239 | |
| Feb 15, 2011 | 15.05 | = | 50.73 | ÷ | 3.37 | 3.37 | = | 1,576 | ÷ | 467,446,794 | |
| Feb 17, 2010 | 15.41 | = | 33.66 | ÷ | 2.18 | 2.18 | = | 1,025 | ÷ | 469,275,605 | |
| Feb 23, 2009 | — | = | 27.45 | ÷ | -0.23 | -0.23 | = | -108 | ÷ | 459,931,675 | |
| Feb 25, 2008 | 15.17 | = | 36.33 | ÷ | 2.40 | 2.40 | = | 1,139 | ÷ | 475,493,520 | |
| Feb 28, 2007 | 10.63 | = | 28.97 | ÷ | 2.73 | 2.73 | = | 1,437 | ÷ | 527,251,252 | |
| Mar 3, 2006 | 9.25 | = | 24.30 | ÷ | 2.63 | 2.63 | = | 1,449 | ÷ | 551,661,712 |
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
| YUM! Brands Inc. | Airbnb Inc. | Booking Holdings Inc. | Chipotle Mexican Grill Inc. | DoorDash, Inc. | McDonald’s Corp. | Starbucks Corp. | |
|---|---|---|---|---|---|---|---|
| Feb 16, 2016 | 31.19 | — | 6.97 | 6.49 | — | 15.06 | 15.59 |
| Feb 17, 2015 | 21.29 | — | 7.38 | 10.42 | — | 7.10 | 11.09 |
| Feb 18, 2014 | 14.98 | — | 9.68 | 10.94 | — | 5.97 | 13.55 |
| Feb 20, 2013 | 13.51 | — | 8.91 | 7.98 | — | 6.30 | 7.10 |
| Feb 21, 2012 | 16.54 | — | 11.44 | 11.27 | — | 7.10 | 7.14 |
| Feb 15, 2011 | 15.05 | — | 12.47 | 10.16 | — | 5.31 | 6.23 |
| Feb 17, 2010 | 15.41 | — | 7.95 | 4.71 | — | 4.90 | 5.21 |
| Feb 23, 2009 | — | — | 4.70 | 2.76 | — | 4.52 | 2.49 |
| Feb 25, 2008 | 15.17 | — | 7.55 | 6.13 | — | 4.22 | 7.37 |
| Feb 28, 2007 | 10.63 | — | 5.73 | 4.44 | — | 3.57 | 12.40 |
| Mar 3, 2006 | 9.25 | — | 2.53 | 5.68 | — | 2.92 | 11.40 |
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)
| YUM! Brands Inc. | Consumer Services | |
|---|---|---|
| Feb 16, 2016 | 31.19 | 11.44 |
| Feb 17, 2015 | 21.29 | 8.15 |
| Feb 18, 2014 | 14.98 | 8.29 |
| Feb 20, 2013 | 13.51 | 6.94 |
| Feb 21, 2012 | 16.54 | 7.80 |
| Feb 15, 2011 | 15.05 | 6.28 |
| Feb 17, 2010 | 15.41 | 5.15 |
| Feb 23, 2009 | — | 4.17 |
| Feb 25, 2008 | 15.17 | 4.77 |
| Feb 28, 2007 | 10.63 | 4.69 |
| Mar 3, 2006 | 9.25 | 3.95 |
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)
| YUM! Brands Inc. | Consumer Discretionary | |
|---|---|---|
| Feb 16, 2016 | 31.19 | 7.17 |
| Feb 17, 2015 | 21.29 | 5.83 |
| Feb 18, 2014 | 14.98 | 5.12 |
| Feb 20, 2013 | 13.51 | 4.39 |
| Feb 21, 2012 | 16.54 | 3.84 |
| Feb 15, 2011 | 15.05 | 4.04 |
| Feb 17, 2010 | 15.41 | 4.73 |
| Feb 23, 2009 | — | 4.98 |
| Feb 25, 2008 | 15.17 | 3.91 |
| Feb 28, 2007 | 10.63 | 4.50 |
| Mar 3, 2006 | 9.25 | 3.49 |
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).