Yum China Holdings, Inc. (YUMC) Key Metrics
YUMC valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $15.22B
- Enterprise value
- $14.75B
- P/E (TTM)
- 16.5 10-yr median 21.7
- Forward P/E
- 12.3
- PEG ratio
- 0.91
- Price / sales
- 1.2 10-yr median 1.9
- Price / book
- 2.6 10-yr median 3.6
- EV / EBITDA
- 7.8 10-yr median 13.7
- Dividend yield
- 2.57% $1.16 a year
- Beta
- 0.06
YUMC key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsYUMC valuation Price multiples at each fiscal year-end price.
YUMC returns How much profit the business earns on the capital it uses.
YUMC per-share figures Results divided by the shares outstanding at year-end.
YUMC financial health Debt, liquidity and how easily interest is covered.
YUMC efficiency & capital use Working capital cycle and where the cash goes.
YUMC valuation history
YUMC returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
YUMC debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
YUMC cash returned to shareholders
YUMC price vs earnings per share
YUMC key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $17.14B | $18.79B | $17.82B | $23.23B | $21.63B | $22.95B | $18.63B | $13.24B | $15.93B | $9.64B |
| Enterprise value | $18.10B | $19.35B | $17.76B | $22.47B | $20.47B | $21.08B | $19.18B | $11.88B | $14.69B | $8.71B |
| P/E ratio | 18.4 | 20.6 | 21.5 | 52.5 | 21.8 | 29.3 | 26.1 | 18.7 | 40.0 | 19.2 |
| Price / sales | 1.5 | 1.7 | 1.6 | 2.4 | 2.2 | 2.8 | 2.1 | 1.6 | 2.1 | 1.4 |
| Price / book | 3.2 | 3.3 | 2.8 | 3.6 | 3.1 | 3.7 | 6.1 | 4.6 | 5.8 | 4.1 |
| Price / free cash flow | 20.4 | 26.3 | 23.4 | 31.6 | 48.9 | 33.0 | 24.8 | 15.3 | 34.0 | 22.4 |
| Price / operating cash flow | 11.7 | 13.2 | 12.1 | 16.4 | 19.1 | 20.6 | 15.7 | 9.9 | 18.0 | 11.1 |
| EV / sales | 1.5 | 1.7 | 1.6 | 2.3 | 2.1 | 2.6 | 2.2 | 1.4 | 1.9 | 1.3 |
| EV / EBITDA | 9.9 | 11.5 | 16.1 | 17.8 | 16.4 | 18.2 | 14.9 | 9.3 | 12.6 | 8.3 |
| EV / free cash flow | 21.5 | 27.1 | 23.3 | 30.6 | 46.3 | 30.3 | 25.6 | 13.8 | 31.3 | 20.2 |
| Earnings yield | 5.4% | 4.8% | 4.6% | 1.9% | 4.6% | 3.4% | 3.8% | 5.3% | 2.5% | 5.2% |
| Free cash flow yield | 4.9% | 3.8% | 4.3% | 3.2% | 2.0% | 3.0% | 4.0% | 6.5% | 2.9% | 4.5% |
| Dividend yield | 2.1% | 1.3% | 1.2% | 0.9% | 0.9% | 0.4% | 1.0% | 1.2% | 0.2% | 0.4% |
| Shareholder yield (dividends + buybacks) | 8.7% | 8.0% | 4.7% | 2.9% | 1.3% | 0.4% | 2.4% | 3.5% | 1.0% | 0.4% |
| Share price at fiscal year-end | $47.74 | $48.17 | $42.43 | $54.65 | $49.84 | $57.09 | $48.01 | $33.53 | $40.02 | $26.12 |
| Per share | ||||||||||
| Revenue per share | $32.86 | $28.98 | $26.14 | $22.52 | $22.70 | $20.55 | $22.62 | $21.30 | $19.52 | $18.29 |
| Earnings per share | $2.59 | $2.34 | $1.97 | $1.04 | $2.28 | $1.95 | $1.84 | $1.79 | $1.00 | $1.36 |
| Operating cash flow per share | $4.08 | $3.64 | $3.51 | $3.32 | $2.61 | $2.77 | $3.05 | $3.37 | $2.22 | $2.35 |
| Free cash flow per share | $2.34 | $1.83 | $1.82 | $1.73 | $1.02 | $1.73 | $1.93 | $2.18 | $1.18 | $1.16 |
| Cash per share | $3.86 | $4.73 | $6.19 | $7.42 | $9.21 | $10.60 | $4.27 | $3.51 | $3.18 | $2.61 |
| Book value per share | $14.98 | $14.69 | $15.25 | $15.25 | $16.26 | $15.44 | $7.93 | $7.27 | $6.95 | $6.44 |
| Tangible book value per share | $9.10 | $9.22 | $10.02 | $9.91 | $10.38 | $12.41 | $6.69 | $5.96 | $6.09 | $5.99 |
| Dividends per share | $0.98 | $0.64 | $0.51 | $0.48 | $0.47 | $0.24 | $0.47 | $0.41 | $0.10 | $0.10 |
| Capex per share | $1.74 | $1.81 | $1.69 | $1.60 | $1.59 | $1.04 | $1.12 | $1.19 | $1.04 | $1.18 |
| Debt per share | $6.52 | $6.18 | $6.04 | $5.64 | $6.53 | $5.95 | $5.70 | $0.06 | $0.07 | $0.08 |
| Shares outstanding | 359.0M | 390.0M | 420.0M | 425.0M | 434.0M | 402.0M | 388.0M | 395.0M | 398.0M | 369.1M |
| Change in shares outstanding | −7.9% | −7.1% | −1.2% | −2.1% | +8.0% | +3.6% | −1.8% | −0.8% | +7.8% | −3.7% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 16.7% | 15.0% | 12.8% | 6.5% | 14.9% | 16.9% | 24.0% | 25.1% | 15.5% | 23.4% |
| Return on invested capital (ROIC) | 16.9% | 13.5% | 18.3% | 7.6% | 19.9% | 17.7% | 26.0% | 48.0% | 27.7% | 32.7% |
| Return on assets (ROA) | 8.5% | 7.9% | 6.9% | 3.5% | 8.2% | 8.8% | 12.3% | 15.9% | 9.9% | 14.5% |
| Return on tangible assets | 10.7% | 10.1% | 8.4% | 4.6% | 9.3% | 8.1% | 11.0% | 17.3% | 10.1% | 14.1% |
| Free cash flow margin | 7.1% | 6.3% | 7.0% | 7.7% | 4.5% | 8.4% | 8.5% | 10.3% | 6.0% | 6.4% |
| Income quality (OCF / net income) | 1.58 | 1.56 | 1.78 | 3.20 | 1.14 | 1.42 | 1.66 | 1.88 | 2.22 | 1.73 |
| Financial health | ||||||||||
| Total debt | $2.34B | $2.41B | $2.54B | $2.40B | $2.83B | $2.39B | $2.21B | $25.0M | $28.0M | $28.0M |
| Cash & short-term investments | $1.38B | $1.84B | $2.60B | $3.15B | $4.00B | $4.26B | $1.66B | $1.39B | $1.26B | $964.0M |
| Net debt | $958.0M | $565.0M | −$63.0M | −$754.0M | −$1.16B | −$1.87B | $554.0M | −$1.36B | −$1.24B | −$936.0M |
| Debt / equity | 0.44 | 0.42 | 0.40 | 0.37 | 0.40 | 0.39 | 0.72 | 0.01 | 0.01 | 0.01 |
| Debt / assets | 0.22 | 0.22 | 0.21 | 0.20 | 0.21 | 0.22 | 0.32 | 0.01 | 0.01 | 0.01 |
| Net debt / EBITDA | 0.53 | 0.34 | −0.06 | −0.60 | −0.93 | −1.62 | 0.43 | −1.07 | −1.06 | −0.89 |
| Current ratio | 1.05 | 1.18 | 1.42 | 1.82 | 1.98 | 2.39 | 1.30 | 1.56 | 1.76 | 1.42 |
| Quick ratio | 0.85 | 1.00 | 1.24 | 1.63 | 1.80 | 2.20 | 1.08 | 1.31 | 1.47 | 1.15 |
| Interest coverage | — | — | 553.0 | 3.8 | 693.0 | 480.5 | 450.5 | 26.1 | 31.1 | 57.6 |
| Working capital | $111.0M | $411.0M | $1.01B | $1.77B | $2.33B | $2.87B | $523.0M | $699.0M | $778.0M | $422.0M |
| Invested capital | $6.34B | $6.29B | $6.34B | $5.73B | $5.89B | $4.33B | $3.63B | $1.51B | $1.53B | $1.44B |
| Tangible asset value | $3.99B | $4.30B | $4.92B | $4.89B | $5.37B | $5.25B | $2.69B | $2.46B | $2.51B | $2.28B |
| Net current asset value | −$2.32B | −$2.00B | −$1.48B | −$726.0M | −$585.0M | $532.0M | −$1.52B | $319.0M | $362.0M | $142.0M |
| Graham number | $29.54 | $27.78 | $25.99 | $18.89 | $28.89 | $26.03 | $18.11 | $17.13 | $12.50 | $14.04 |
| Graham net-net per share | −$7.71 | −$6.18 | −$4.49 | −$2.70 | −$2.32 | $0.44 | −$4.70 | $0.05 | $0.19 | −$0.32 |
| Capital allocation | ||||||||||
| Dividends paid | $353.0M | $248.0M | $216.0M | $202.0M | $203.0M | $95.0M | $181.0M | $161.0M | $38.0M | $38.0M |
| Share buybacks (net) | $1.14B | $1.25B | $613.0M | $466.0M | $75.0M | $8.0M | $265.0M | $307.0M | $128.0M | $0 |
| Dividend payout ratio | 38.0% | 27.2% | 26.1% | 45.7% | 20.5% | 12.1% | 25.4% | 22.7% | 9.5% | 7.6% |
| Dividends + buybacks / free cash flow | 178.2% | 209.7% | 108.7% | 91.0% | 62.9% | 14.8% | 59.5% | 54.2% | 35.4% | 8.8% |
| Capex / revenue | 5.3% | 6.2% | 6.5% | 7.1% | 7.0% | 5.1% | 5.0% | 5.6% | 5.3% | 6.5% |
| Capex / operating cash flow | 42.7% | 49.7% | 48.2% | 48.1% | 60.9% | 37.6% | 36.7% | 35.3% | 46.9% | 50.3% |
| Capex / depreciation | 1.40 | 1.48 | 1.57 | 1.13 | 1.34 | 0.93 | 0.57 | 1.07 | 1.02 | 1.08 |
| Stock-based compensation / revenue | 0.4% | 0.4% | 0.6% | 0.4% | 0.4% | 0.4% | 0.3% | 0.3% | 0.3% | 0.2% |
| R&D / revenue | — | — | 0.1% | 0.1% | 0.1% | 0.0% | 0.0% | 0.0% | 0.1% | 0.1% |
| SG&A / revenue | 4.9% | 5.0% | 5.9% | 6.2% | 5.7% | 5.8% | 10.2% | 5.4% | 6.4% | 6.4% |
| Efficiency | ||||||||||
| Days sales outstanding | 11.2 | 9.7 | 8.2 | 6.2 | 5.0 | 6.5 | 5.9 | 6.3 | 5.4 | 4.5 |
| Days of inventory on hand | 15.8 | 16.1 | 52.9 | 19.0 | 17.9 | 20.3 | 18.0 | 15.5 | 15.9 | 14.7 |
| Days payables outstanding | 29.8 | 30.8 | 95.2 | 34.9 | 33.2 | 34.7 | 32.5 | 26.7 | 25.3 | 29.5 |
| Cash conversion cycle (days) | -2.8 | -5.0 | -34.1 | -9.7 | -10.3 | -8.0 | -8.6 | -4.9 | -4.0 | -10.3 |
| Receivables turnover | 32.54 | 37.74 | 44.45 | 59.25 | 73.53 | 56.40 | 61.37 | 58.24 | 67.56 | 81.35 |
| Payables turnover | 12.24 | 11.86 | 3.83 | 10.46 | 10.98 | 10.51 | 11.22 | 13.67 | 14.41 | 12.38 |
| Inventory turnover | 23.15 | 22.71 | 6.90 | 19.18 | 20.35 | 17.98 | 20.28 | 23.51 | 22.96 | 24.86 |
| Asset turnover | 1.08 | 0.98 | 0.92 | 0.76 | 0.82 | 0.93 | 1.52 | 1.89 | 1.94 | 1.95 |
| Average receivables | $362.5M | $299.5M | $247.0M | $161.5M | $134.0M | $146.5M | $143.0M | $144.5M | $115.0M | $83.0M |
| Average payables | $797.0M | $793.5M | $756.5M | $778.5M | $769.0M | $665.5M | $621.0M | $519.5M | $450.0M | $459.0M |
| Average inventory | $421.5M | $414.5M | $420.5M | $424.5M | $415.0M | $389.0M | $343.5M | $302.0M | $282.5M | $228.5M |
| Intangibles / total assets | 19.6% | 19.2% | 18.3% | 19.2% | 19.3% | 11.2% | 6.9% | 11.3% | 7.9% | 4.5% |
Computed from YUMC's annual financial statements (latest annual report filed February 27, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
YUMC valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Yum China traded at 18.4 times earnings, against a 10-year median of 21.7. Based on the latest twelve months, the trailing P/E is 16.5 and the forward P/E is 12.3. Yum China earned a return on equity of 16.7% and a return on invested capital of 16.9% in fiscal 2025. It ended the year with $2.3 billion of debt and $1.4 billion in cash and short-term investments, net debt of $958.0 million. It returned $1.5 billion to shareholders: $353.0 million in dividends and $1.1 billion in share buybacks, 178% of free cash flow.
See the YUMC income statement, the YUMC chart for price history, or the YUMC stock overview for the latest quote and news.
YUMC key metrics FAQ
What is Yum China's P/E ratio?
Yum China's trailing P/E ratio is 16.5 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 12.3. At the end of fiscal 2025 it was 18.4, compared with a 10-year median of 21.7.
What is Yum China's EV/EBITDA?
Yum China's enterprise value was 9.9 times EBITDA at the end of fiscal 2025 (enterprise value $18.1 billion, EBITDA $1.8 billion); the current EV/EBITDA is 7.8.
What is Yum China's return on equity?
Yum China's return on equity (ROE) was 16.7% in fiscal 2025: net income of $929.0 million on average shareholders' equity of $5.6 billion.
What is Yum China's ROIC?
Yum China's return on invested capital was 16.9% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Yum China have?
Yum China had total debt of $2.3 billion at the end of fiscal 2025, a debt-to-equity ratio of 0.44 and $958.0 million of net debt (0.53 times EBITDA).
What is Yum China's dividend yield?
Yum China's forward dividend yield is 2.57%. Yum China paid $353.0 million in dividends in fiscal 2025 ($0.98 per share), a payout ratio of 38.0%.
Does Yum China buy back its shares?
Yes. Yum China spent $1.1 billion on net share repurchases in fiscal 2025 Shares outstanding changed −7.9% over the year, to 359.0M..
What is Yum China's free cash flow yield?
Yum China generated $840.0 million of free cash flow in fiscal 2025, a free cash flow yield of 4.9% on its market value at year-end ($17.1 billion).
What is Yum China's current ratio?
Yum China's current ratio was 1.05 at the end of fiscal 2025: current assets were 1.05 times current liabilities.