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Starbucks (MIL:1SBUX) Cyclically Adjusted Book per Share : €-1.65 (As of Mar. 2024)


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What is Starbucks Cyclically Adjusted Book per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

Starbucks's adjusted book value per share for the three months ended in Mar. 2024 was €-6.863. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is €-1.65 for the trailing ten years ended in Mar. 2024.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Starbucks was 23.10% per year. The lowest was -80.90% per year. And the median was 10.40% per year.

As of today (2024-05-24), Starbucks's current stock price is €73.26. Starbucks's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €-1.65. Starbucks's Cyclically Adjusted PB Ratio of today is .

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Starbucks was 5252.50. The lowest was 13.97. And the median was 20.09.


Starbucks Cyclically Adjusted Book per Share Historical Data

The historical data trend for Starbucks's Cyclically Adjusted Book per Share 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 Book per Share Chart

Starbucks Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.66 1.67 1.00 0.02 -1.12

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 Book per Share 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 -0.52 -0.82 -1.12 -1.33 -1.65

Competitive Comparison of Starbucks's Cyclically Adjusted Book per Share

For the Restaurants subindustry, Starbucks's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB 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 PB Ratio Distribution in the Restaurants Industry

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

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



Starbucks Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Book 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.

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

Adj_Book= Book Value per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=-6.863/131.7762*131.7762
=-6.863

Current CPI (Mar. 2024) = 131.7762.

Starbucks Quarterly Data

Book Value per Share CPI Adj_Book
201406 2.484 100.560 3.255
201409 2.729 100.428 3.581
201412 3.121 99.070 4.151
201503 3.699 99.621 4.893
201506 3.500 100.684 4.581
201509 3.491 100.392 4.582
201512 3.696 99.792 4.881
201603 3.124 100.470 4.097
201606 3.473 101.688 4.501
201609 3.590 101.861 4.644
201612 3.771 101.863 4.878
201703 3.620 102.862 4.638
201706 3.597 103.349 4.586
201709 3.194 104.136 4.042
201712 3.453 104.011 4.375
201803 2.764 105.290 3.459
201806 2.500 106.317 3.099
201809 0.766 106.507 0.948
201812 -2.040 105.998 -2.536
201903 -3.684 107.251 -4.526
201906 -3.169 108.070 -3.864
201909 -4.777 108.329 -5.811
201912 -5.180 108.420 -6.296
202003 -5.834 108.902 -7.059
202006 -6.550 108.767 -7.936
202009 -5.648 109.815 -6.778
202012 -5.523 109.897 -6.623
202103 -5.458 111.754 -6.436
202106 -4.788 114.631 -5.504
202109 -3.833 115.734 -4.364
202112 -6.499 117.630 -7.281
202203 -6.942 121.301 -7.541
202206 -7.148 125.017 -7.534
202209 -7.661 125.227 -8.062
202212 -7.129 125.222 -7.502
202303 -6.927 127.348 -7.168
202306 -6.728 128.729 -6.887
202309 -6.556 129.860 -6.653
202312 -6.978 129.419 -7.105
202403 -6.863 131.776 -6.863

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.


Starbucks  (MIL:1SBUX) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

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 PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Starbucks was 5252.50. The lowest was 13.97. And the median was 20.09.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Starbucks Cyclically Adjusted Book per Share Related Terms

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


Starbucks (MIL:1SBUX) Business Description

Industry
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.

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