Starbucks (MEX:SBUX) Cyclically Adjusted PB Ratio: (As of Sep. 21, 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.

MEX:SBUX Starbucks Corp MEX:SBUX
72 GF Score
Price MXN1,650.00
GF Value MXN1,637.63
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  (MEX: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 420.31 - - - -

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 - - - - -

MEX:SBUX 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.


MEX:SBUX
72GF Score
Starbucks Corp MEX: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)
=-117.541/333.9520*333.9520
=-117.541

Current CPI (Jun. 2026) = 333.9520.

Starbucks Quarterly Data

Book Value per Share CPI Adj_Book
201609 78.059 241.428 107.974
201612 82.043 241.432 113.483
201703 73.003 243.801 99.998
201706 73.234 244.955 99.841
201709 69.220 246.819 93.656
201712 80.048 246.524 108.436
201803 62.294 249.554 83.362
201806 57.497 251.989 76.199
201809 16.795 252.439 22.218
201812 -45.600 251.233 -60.614
201903 -80.719 254.202 -106.043
201906 -68.773 256.143 -89.664
201909 -103.854 256.759 -135.077
201912 -108.675 256.974 -141.229
202003 -151.285 258.115 -195.734
202006 -170.487 257.797 -220.850
202009 -146.746 260.280 -188.282
202012 -133.785 260.474 -171.525
202103 -132.853 264.877 -167.499
202106 -114.740 271.696 -141.031
202109 -92.529 274.310 -112.647
202112 -150.170 278.802 -179.875
202203 -152.337 287.504 -176.948
202206 -152.323 296.311 -171.673
202209 -152.373 296.808 -171.442
202212 -147.039 296.797 -165.446
202303 -133.797 301.836 -148.033
202306 -124.902 305.109 -136.709
202309 -121.491 307.789 -131.818
202312 -128.765 306.746 -140.185
202403 -123.885 312.332 -132.460
202406 -128.090 314.175 -136.153
202409 -128.690 315.301 -136.302
202412 -136.652 315.605 -144.596
202503 -137.122 319.799 -143.190
202506 -127.641 322.561 -132.149
202509 -130.438 324.800 -134.113
202512 -132.290 324.054 -136.331
202603 -133.909 330.213 -135.425
202606 -117.541 333.952 -117.541

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 (MEX:SBUX) Overvalued in 2026?

Based on GuruFocus' analysis, Starbucks stock appears to be overvalued. The current stock price of MXN1,650.00 is trading 0.8% above its estimated GF Value™ of MXN1,637.63. GuruFocus considers Starbucks to be Fairly Valued.

Key valuation signals for MEX:SBUX:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: MXN1,637.63 vs. price of MXN1,650.00 (0.8% above fair value)
  • GF Score™: 72/100 with 7 warning signs

No single metric tells the full story. See the MEX: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.
72GF Score

Get the complete analysis for MEX:SBUX

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

MXN1,650.00
Price
MXN1,637.63
GF Value