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Starbucks (BSP:SBUB34) Cyclically Adjusted PS Ratio : 3.40 (As of May. 26, 2024)


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What is Starbucks Cyclically Adjusted PS Ratio?

As of today (2024-05-26), Starbucks's current share price is R$410.80. Starbucks's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was R$120.83. Starbucks's Cyclically Adjusted PS Ratio for today is 3.40.

The historical rank and industry rank for Starbucks's Cyclically Adjusted PS Ratio or its related term are showing as below:

BSP:SBUB34' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 3.03   Med: 5.55   Max: 7.62
Current: 3.27

During the past years, Starbucks's highest Cyclically Adjusted PS Ratio was 7.62. The lowest was 3.03. And the median was 5.55.

BSP:SBUB34's Cyclically Adjusted PS Ratio is ranked worse than
89.84% of 246 companies
in the Restaurants industry
Industry Median: 0.785 vs BSP:SBUB34: 3.27

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Starbucks's adjusted revenue per share data for the three months ended in Mar. 2024 was R$37.557. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is R$120.83 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Starbucks Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Starbucks's Cyclically Adjusted PS Ratio 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.

* Premium members only.

Starbucks Cyclically Adjusted PS Ratio Chart

Starbucks Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.59 5.82 6.43 4.15 3.98

Starbucks Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted PS Ratio 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 4.84 4.45 3.98 4.12 3.78

Competitive Comparison of Starbucks's Cyclically Adjusted PS Ratio

For the Restaurants subindustry, Starbucks's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio 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.


Starbucks's Cyclically Adjusted PS Ratio Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Starbucks's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Starbucks's Cyclically Adjusted PS Ratio falls into.



Starbucks Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.

Starbucks's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=410.80/120.83
=3.40

* 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.

Starbucks's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Starbucks's adjusted Revenue per Share data for the three months ended in Mar. 2024 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=37.557/131.7762*131.7762
=37.557

Current CPI (Mar. 2024) = 131.7762.

Starbucks Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 6.102 100.560 7.996
201409 6.423 100.428 8.428
201412 8.366 99.070 11.128
201503 9.453 99.621 12.504
201506 10.021 100.684 13.116
201509 12.749 100.392 16.735
201512 13.872 99.792 18.318
201603 12.421 100.470 16.291
201606 12.122 101.688 15.709
201609 12.573 101.861 16.266
201612 13.076 101.863 16.916
201703 11.303 102.862 14.480
201706 12.784 103.349 16.300
201709 12.299 104.136 15.564
201712 13.950 104.011 17.674
201803 14.061 105.290 17.598
201806 17.138 106.317 21.242
201809 19.203 106.507 23.759
201812 20.550 105.998 25.548
201903 19.364 107.251 23.792
201906 21.511 108.070 26.230
201909 23.054 108.329 28.044
201912 24.458 108.420 29.727
202003 24.813 108.902 30.025
202006 18.747 108.767 22.713
202009 28.409 109.815 34.090
202012 29.352 109.897 35.196
202103 31.714 111.754 37.396
202106 31.779 114.631 36.532
202109 36.204 115.734 41.222
202112 38.691 117.630 43.344
202203 32.930 121.301 35.774
202206 35.742 125.017 37.674
202209 38.283 125.227 40.285
202212 39.646 125.222 41.721
202303 39.401 127.348 40.771
202306 38.679 128.729 39.595
202309 40.283 129.860 40.878
202312 40.489 129.419 41.226
202403 37.557 131.776 37.557

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Starbucks  (BSP:SBUB34) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.


Starbucks Cyclically Adjusted PS Ratio Related Terms

Thank you for viewing the detailed overview of Starbucks's Cyclically Adjusted PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Starbucks (BSP:SBUB34) Business Description

Address
2401 Utah Avenue South, Seattle, WA, USA, 98134
Starbucks is one of the most widely recognized restaurant brands in the world, operating more than 38,000 stores across more than 80 countries as of the end of fiscal 2023. The firm operates in three segments: North America, international markets, and channel development (grocery and ready-to-drink beverage). The coffee chain generates revenue from company-operated stores, royalties, sales of equipment and products to license partners, ready-to-drink beverages, packaged coffee sales, and single-serve products.

Starbucks (BSP:SBUB34) Headlines

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