Starbucks (BUE:SBUX) 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.
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.

BUE:SBUX Starbucks Corp BUE:SBUX
67 GF Score
Price ARS13,810.00
GF Value ARS12,905.95
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  (BUE:SBUX) 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

BUE:SBUX 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.


BUE:SBUX
67GF Score
Starbucks Corp BUE:SBUX
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)
=-9972.974/333.9520*333.9520
=-9,972.974

Current CPI (Jun. 2026) = 333.9520.

Starbucks Quarterly Data

Book Value per Share CPI Adj_Book
201609 60.096 241.428 83.127
201612 63.060 241.432 87.225
201703 59.689 243.801 81.760
201706 66.643 244.955 90.856
201709 66.712 246.819 90.263
201712 78.031 246.524 105.704
201803 68.668 249.554 91.891
201806 72.845 251.989 96.539
201809 32.875 252.439 43.490
201812 -87.489 251.233 -116.295
201903 -162.721 254.202 -213.771
201906 -160.000 256.143 -208.603
201909 -294.228 256.759 -382.686
201912 -344.030 256.974 -447.086
202003 -400.127 258.115 -517.689
202006 -504.949 257.797 -654.114
202009 -493.864 260.280 -633.652
202012 -546.799 260.474 -701.047
202103 -585.340 264.877 -737.986
202106 -546.429 271.696 -671.637
202109 -440.938 274.310 -536.809
202112 -741.657 278.802 -888.365
202203 -820.855 287.504 -953.469
202206 -909.268 296.311 -1,024.774
202209 -1,053.909 296.808 -1,185.800
202212 -1,266.141 296.797 -1,424.645
202303 -1,465.160 301.836 -1,621.056
202306 -1,749.314 305.109 -1,914.683
202309 -2,448.609 307.789 -2,656.748
202312 -2,747.197 306.746 -2,990.852
202403 -6,284.647 312.332 -6,719.678
202406 -6,279.327 314.175 -6,674.604
202409 -6,246.298 315.301 -6,615.785
202412 -6,644.143 315.605 -7,030.386
202503 -7,151.792 319.799 -7,468.301
202506 -8,029.102 322.561 -8,312.644
202509 -9,671.284 324.800 -9,943.795
202512 -10,689.233 324.054 -11,015.728
202603 -10,387.262 330.213 -10,504.877
202606 -9,972.974 333.952 -9,972.974

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 (BUE:SBUX) Overvalued in 2026?

Based on GuruFocus' analysis, Starbucks stock appears to be overvalued. The current stock price of ARS13,810.00 is trading 7% above its estimated GF Value™ of ARS12,905.95. GuruFocus considers Starbucks to be Fairly Valued.

Key valuation signals for BUE:SBUX:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ARS12,905.95 vs. price of ARS13,810.00 (7% above fair value)
  • GF Score™: 67/100 with 6 warning signs

No single metric tells the full story. See the BUE:SBUX 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 BUE:SBUX

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

ARS13,810.00
Price
ARS12,905.95
GF Value