Starbucks (BKK:SBUX80) Cyclically Adjusted PB Ratio: (As of Aug. 25, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BKK:SBUX80 Starbucks Corp BKK:SBUX80
67 GF Score
Price ฿1.74
GF Value ฿1.59
Valuation Fairly Valued
! 6 Warning Signs
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What is Starbucks Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Starbucks  (BKK:SBUX80) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value 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 PB Ratio should give similar results to regular PB Ratio.


Starbucks Cyclically Adjusted PB Ratio Related Terms


Starbucks Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Starbucks's Cyclically Adjusted PB 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.

Starbucks Cyclically Adjusted PB Ratio Chart

Starbucks Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 96.99 3,966.23 0.00 0.00 0.00

Starbucks Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PB 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 0.00 0.00 0.00 0.00 0.00

BKK:SBUX80 vs MCD, YUM, CMG: Cyclically Adjusted PB Ratio Comparison

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 Cyclically Adjusted PB Ratio vs 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.


BKK:SBUX80
67GF Score
Starbucks Corp BKK:SBUX80
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Starbucks Cyclically Adjusted PB Ratio Calculation

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

Starbucks's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Starbucks's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=-221.51/333.9520*333.9520
=-221.510

Current CPI (Jun. 2026) = 333.9520.

Starbucks Quarterly Data

Book Value per Share CPI Adj_Book
201609 139.851 241.428 193.447
201612 142.320 241.432 196.859
201703 135.025 243.801 184.954
201706 137.381 244.955 187.294
201709 126.158 246.819 170.695
201712 133.286 246.524 180.555
201803 106.521 249.554 142.546
201806 94.887 251.989 125.750
201809 29.104 252.439 38.502
201812 -75.894 251.233 -100.882
201903 -132.105 254.202 -173.550
201906 -111.376 256.143 -145.209
201909 -160.766 256.759 -209.099
201912 -173.793 256.974 -225.854
202003 -206.896 258.115 -267.684
202006 -229.700 257.797 -297.555
202009 -208.697 260.280 -267.768
202012 -202.113 260.474 -259.128
202103 -200.105 264.877 -252.289
202106 -181.370 271.696 -222.929
202109 -149.264 274.310 -181.718
202112 -246.464 278.802 -295.217
202203 -254.148 287.504 -295.207
202206 -263.908 296.311 -297.433
202209 -281.140 296.808 -316.323
202212 -262.579 296.797 -295.450
202303 -255.607 301.836 -282.804
202306 -254.460 305.109 -278.515
202309 -251.088 307.789 -272.431
202312 -266.204 306.746 -289.814
202403 -268.174 312.332 -286.737
202406 -257.410 314.175 -273.614
202409 -218.532 315.301 -231.459
202412 -224.607 315.605 -237.664
202503 -226.587 319.799 -236.615
202506 -220.358 322.561 -228.140
202509 -227.638 324.800 -234.052
202512 -232.528 324.054 -239.630
202603 -239.673 330.213 -242.387
202606 -221.510 333.952 -221.510

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

Is Starbucks (BKK:SBUX80) Overvalued in 2026?

Based on GuruFocus' analysis, Starbucks stock appears to be overvalued. The current stock price of ฿1.74 is trading 9.4% above its estimated GF Value™ of ฿1.59. GuruFocus considers Starbucks to be Fairly Valued.

Key valuation signals for BKK:SBUX80:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ฿1.59 vs. price of ฿1.74 (9.4% above fair value)
  • GF Score™: 67/100 with 6 warning signs

No single metric tells the full story. See the BKK:SBUX80 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Starbucks Business Description

Address 2401 Utah Avenue South, Seattle, WA, USA, 98134
Starbucks stands out as the world's biggest and most recognizable coffee brand, powered by ultracustomizable beverages in-store and a sweeping footprint of nearly 41,000 cafes in over 80 countries. About 52% are company-operated, with the balance run by licensees. The company operates roasteries and sells across its North America (74% of revenue as of the end of fiscal 2025), international (21%), and channel development (5%) segments. The brand collects revenue from company-operated stores, licensee royalties, equipment and product sales, retail ready-to-drink beverages, and packaged coffee.
67GF Score

Get the complete analysis for BKK:SBUX80

Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

฿1.74
Price
฿1.59
GF Value