Yum China Valuation Multiples

Yum China Overview

About Yum China

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.

Founded

2016

HQ

Employees

351.0K

Website

yumchina.com

Sectors

Restaurants & Nightlife

Financials (LTM)

Revenue: $12B

EBITDA: $2B

EV

$18B

Valuation Multiples

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Yum China Financials

Yum China reported last 12-month revenue of $12B and EBITDA of $2B.

In the same LTM period, Yum China generated $3B in gross profit, $2B in EBITDA, and $956M in net income.

Yum China P&L

In the most recent fiscal year, Yum China reported revenue of $12B and EBITDA of $2B.

Yum China expects next 12-month revenue of XXX and NTM EBITDA of XXX

Yum China Stock Performance

Yum China has current market cap of $17B, and enterprise value of $18B.

Yum China's stock price is $48.55.

Yum China Valuation Multiples

Yum China trades at 1.5x EV/Revenue multiple, and 10.1x EV/EBITDA.

Yum China Financial Valuation Multiples

As of April 20, 2026, Yum China has market cap of $17B and EV of $18B.

Equity research analysts estimate Yum China's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Yum China has a P/E ratio of 17.8x.

Yum China Margins & Growth Rates

Yum China's revenue in the last 12 month grew by 6%.

Yum China's revenue per employee in the last FY averaged $0.0M, while opex per employee averaged $0.0M for the same period.

Yum China's rule of 40 is 22% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Yum China's rule of X is 32% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

Yum China Public Comps

See public comps and valuation multiples for other Restaurants & Nightlife comps.

Yum China M&A Activity

Yum China acquired XXX companies to date.

Last acquisition by Yum China was on XXXXXXXX, XXXXX. Yum China acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

Yum China Investment Activity

Yum China invested in XXX companies to date.

Yum China made its latest investment on XXXXXXXX, XXXXX. Yum China invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).