Starbucks (BSP:SBUB34) Cyclically Adjusted PB Ratio: (As of Sep. 17, 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
76 GF Score
Price R$502.00
GF Value R$494.36
Valuation Fairly Valued
! 7 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 0.00 0.00 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, CMG, YUM: 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
76GF 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)
=-34.817/333.9520*333.9520
=-34.817

Current CPI (Jun. 2026) = 333.9520.

Starbucks Quarterly Data

Book Value per Share CPI Adj_Book
201609 13.104 241.428 18.126
201612 12.961 241.432 17.928
201703 12.306 243.801 16.856
201706 13.406 244.955 18.277
201709 12.057 246.819 16.313
201712 13.571 246.524 18.384
201803 11.342 249.554 15.178
201806 11.254 251.989 14.915
201809 3.587 252.439 4.745
201812 -8.974 251.233 -11.929
201903 -16.195 254.202 -21.276
201906 -13.720 256.143 -17.888
201909 -21.910 256.759 -28.497
201912 -23.150 256.974 -30.085
202003 -33.448 258.115 -43.275
202006 -40.512 257.797 -52.480
202009 -37.468 260.280 -48.073
202012 -34.875 260.474 -44.713
202103 -36.641 264.877 -46.196
202106 -28.917 271.696 -35.543
202109 -24.541 274.310 -29.877
202112 -40.872 278.802 -48.957
202203 -36.300 287.504 -42.164
202206 -39.481 296.311 -44.496
202209 -40.988 296.808 -46.117
202212 -39.838 296.797 -44.825
202303 -37.571 301.836 -41.569
202306 -35.132 305.109 -38.453
202309 -34.991 307.789 -37.965
202312 -36.936 306.746 -40.212
202403 -37.307 312.332 -39.889
202406 -38.909 314.175 -41.358
202409 -35.753 315.301 -37.868
202412 -40.602 315.605 -42.962
202503 -38.390 319.799 -40.089
202506 -36.875 322.561 -38.177
202509 -37.892 324.800 -38.960
202512 -40.319 324.054 -41.551
202603 -38.759 330.213 -39.198
202606 -34.817 333.952 -34.817

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$502.00 is trading 1.5% above its estimated GF Value™ of R$494.36. GuruFocus considers Starbucks to be Fairly Valued.

Key valuation signals for BSP:SBUB34:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: R$494.36 vs. price of R$502.00 (1.5% above fair value)
  • GF Score™: 76/100 with 7 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.
76GF 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$502.00
Price
R$494.36
GF Value