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Starbucks (LIM:SBUX) Cyclically Adjusted PB Ratio : (As of Dec. 14, 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 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 43.29 96.99 3,966.15 - -

Starbucks Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 Sep. 2024 is calculated as:

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

Adj_Book=Book Value per Share/CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=-6.572/133.0289*133.0289
=-6.572

Current CPI (Sep. 2024) = 133.0289.

Starbucks Quarterly Data

Book Value per Share CPI Adj_Book
201412 3.848 99.070 5.167
201503 4.003 99.621 5.345
201506 3.928 100.684 5.190
201509 3.918 100.392 5.192
201512 4.026 99.792 5.367
201603 3.479 100.470 4.606
201606 3.902 101.688 5.105
201609 4.029 101.861 5.262
201612 3.978 101.863 5.195
201703 3.872 102.862 5.008
201706 4.042 103.349 5.203
201709 3.807 104.136 4.863
201712 4.086 104.011 5.226
201803 3.408 105.290 4.306
201806 2.921 106.317 3.655
201809 0.893 106.507 1.115
201812 -2.320 105.998 -2.912
201903 -4.163 107.251 -5.164
201906 -3.581 108.070 -4.408
201909 -5.261 108.329 -6.461
201912 -5.756 108.420 -7.062
202003 -6.446 108.902 -7.874
202006 -7.376 108.767 -9.021
202009 -6.652 109.815 -8.058
202012 -6.719 109.897 -8.133
202103 -6.498 111.754 -7.735
202106 -5.768 114.631 -6.694
202109 -4.509 115.734 -5.183
202112 -7.344 117.630 -8.305
202203 -7.645 121.301 -8.384
202206 -7.556 125.017 -8.040
202209 -7.585 125.227 -8.058
202212 -7.552 125.222 -8.023
202303 -7.417 127.348 -7.748
202306 -7.289 128.729 -7.532
202309 -6.997 129.860 -7.168
202312 -7.610 129.419 -7.822
202403 -7.460 131.776 -7.531
202406 -7.012 132.554 -7.037
202409 -6.572 133.029 -6.572

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  (LIM: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

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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 40,000 stores across more than 80 countries as of the end of fiscal 2024. 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.