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Starbucks (HAM:SRB) Cyclically Adjusted PB Ratio : (As of Sep. 21, 2024)


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What is Starbucks Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Starbucks Cyclically Adjusted PB Ratio Historical Data

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.

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Starbucks Cyclically Adjusted PB Ratio Chart

Starbucks Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 30.60 43.29 96.99 3,966.15 -

Starbucks Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 - - - - -

Competitive Comparison of Starbucks's Cyclically Adjusted PB Ratio

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 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. 2024 is calculated as:

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

Adj_Book=Book Value per Share/CPI of Jun. 2024 (Change)*Current CPI (Jun. 2024)
=-6.514/132.5538*132.5538
=-6.514

Current CPI (Jun. 2024) = 132.5538.

Starbucks Quarterly Data

Book Value per Share CPI Adj_Book
201409 2.729 100.428 3.602
201412 3.121 99.070 4.176
201503 3.699 99.621 4.922
201506 3.500 100.684 4.608
201509 3.491 100.392 4.609
201512 3.696 99.792 4.909
201603 3.124 100.470 4.122
201606 3.473 101.688 4.527
201609 3.590 101.861 4.672
201612 3.771 101.863 4.907
201703 3.620 102.862 4.665
201706 3.597 103.349 4.613
201709 3.194 104.136 4.066
201712 3.453 104.011 4.401
201803 2.764 105.290 3.480
201806 2.500 106.317 3.117
201809 0.766 106.507 0.953
201812 -2.040 105.998 -2.551
201903 -3.684 107.251 -4.553
201906 -3.169 108.070 -3.887
201909 -4.777 108.329 -5.845
201912 -5.180 108.420 -6.333
202003 -5.834 108.902 -7.101
202006 -6.550 108.767 -7.982
202009 -5.648 109.815 -6.818
202012 -5.523 109.897 -6.662
202103 -5.458 111.754 -6.474
202106 -4.788 114.631 -5.537
202109 -3.833 115.734 -4.390
202112 -6.499 117.630 -7.324
202203 -6.942 121.301 -7.586
202206 -7.148 125.017 -7.579
202209 -7.661 125.227 -8.109
202212 -7.129 125.222 -7.546
202303 -6.927 127.348 -7.210
202306 -6.728 128.729 -6.928
202309 -6.556 129.860 -6.692
202312 -6.978 129.419 -7.147
202403 -6.863 131.776 -6.903
202406 -6.514 132.554 -6.514

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.


Starbucks  (HAM:SRB) 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

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Starbucks Business Description

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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