Starbucks (BSP:SBUB34) Cyclically Adjusted PB Ratio: (As of Aug. 02, 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.
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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.

BSP:SBUB34 Starbucks Corp BSP:SBUB34
71 GF Score
Price R$535.68
GF Value R$500.61
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  (BSP:SBUB34) 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

BSP:SBUB34 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.


BSP:SBUB34
71GF Score
Starbucks Corp BSP:SBUB34
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)
=-34.501/333.9520*333.9520
=-34.501

Current CPI (Jun. 2026) = 333.9520.

Starbucks Quarterly Data

Book Value per Share CPI Adj_Book
201609 13.106 241.428 18.129
201612 13.342 241.432 18.455
201703 12.109 243.801 16.587
201706 13.320 244.955 18.159
201709 11.925 246.819 16.135
201712 13.465 246.524 18.240
201803 11.175 249.554 14.954
201806 11.014 251.989 14.596
201809 3.671 252.439 4.856
201812 -9.011 251.233 -11.978
201903 -15.988 254.202 -21.004
201906 -13.808 256.143 -18.002
201909 -21.673 256.759 -28.189
201912 -23.624 256.974 -30.701
202003 -31.499 258.115 -40.754
202006 -38.269 257.797 -49.574
202009 -35.922 260.280 -46.090
202012 -34.568 260.474 -44.319
202103 -36.617 264.877 -46.166
202106 -29.006 271.696 -35.652
202109 -23.806 274.310 -28.982
202112 -41.529 278.802 -49.744
202203 -38.044 287.504 -44.190
202206 -38.143 296.311 -42.988
202209 -39.772 296.808 -44.749
202212 -39.615 296.797 -44.574
202303 -38.630 301.836 -42.740
202306 -35.378 305.109 -38.722
202309 -34.556 307.789 -37.493
202312 -37.287 306.746 -40.594
202403 -37.147 312.332 -39.718
202406 -37.768 314.175 -40.145
202409 -36.392 315.301 -38.545
202412 -40.135 315.605 -42.468
202503 -38.630 319.799 -40.340
202506 -37.506 322.561 -38.830
202509 -38.193 324.800 -39.269
202512 -40.178 324.054 -41.405
202603 -38.850 330.213 -39.290
202606 -34.501 333.952 -34.501

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 (BSP:SBUB34) Overvalued in 2026?

Based on GuruFocus' analysis, Starbucks stock appears to be overvalued. The current stock price of R$535.68 is trading 7% above its estimated GF Value™ of R$500.61. GuruFocus considers Starbucks to be Fairly Valued.

Key valuation signals for BSP:SBUB34:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: R$500.61 vs. price of R$535.68 (7% above fair value)
  • GF Score™: 71/100 with 6 warning signs

No single metric tells the full story. See the BSP:SBUB34 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.
71GF Score

Get the complete analysis for BSP:SBUB34

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

R$535.68
Price
R$500.61
GF Value