Starbucks (MEX:SBUX) Cyclically Adjusted PB Ratio: (As of Jul. 18, 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
75 GF Score
Price MXN1,874.99
GF Value MXN1,750.04
Valuation Fairly Valued
! 8 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 96.99 3,966.23 0.00 0.00 0.00

Starbucks Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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

MEX: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.


MEX:SBUX
75GF 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 Mar. 2026 is calculated as:

For example, Starbucks's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=-133.961/330.2130*330.2130
=-133.961

Current CPI (Mar. 2026) = 330.2130.

Starbucks Quarterly Data

Book Value per Share CPI Adj_Book
201606 72.160 241.018 98.865
201609 77.898 241.428 106.545
201612 82.012 241.432 112.170
201703 72.899 243.801 98.737
201706 73.062 244.955 98.492
201709 69.089 246.819 92.432
201712 80.256 246.524 107.501
201803 61.915 249.554 81.927
201806 57.392 251.989 75.208
201809 16.710 252.439 21.858
201812 -45.560 251.233 -59.883
201903 -80.749 254.202 -104.894
201906 -68.789 256.143 -88.681
201909 -103.863 256.759 -133.576
201912 -108.550 256.974 -139.487
202003 -151.156 258.115 -193.378
202006 -170.249 257.797 -218.072
202009 -146.955 260.280 -186.439
202012 -133.656 260.474 -169.441
202103 -132.826 264.877 -165.590
202106 -114.823 271.696 -139.553
202109 -92.724 274.310 -111.621
202112 -150.652 278.802 -178.432
202203 -152.219 287.504 -174.831
202206 -152.021 296.311 -169.414
202209 -152.568 296.808 -169.739
202212 -147.239 296.797 -163.816
202303 -133.685 301.836 -146.253
202306 -124.959 305.109 -135.240
202309 -121.880 307.789 -130.760
202312 -129.173 306.746 -139.055
202403 -123.800 312.332 -130.888
202406 -128.462 314.175 -135.020
202409 -129.397 315.301 -135.517
202412 -137.196 315.605 -143.546
202503 -137.249 319.799 -141.718
202506 -127.339 322.561 -130.360
202509 -130.641 324.800 -132.818
202512 -132.600 324.054 -135.120
202603 -133.961 330.213 -133.961

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 MXN1,874.99 is trading 7.1% above its estimated GF Value™ of MXN1,750.04. GuruFocus considers Starbucks to be Fairly Valued.

Key valuation signals for MEX:SBUX:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: MXN1,750.04 vs. price of MXN1,874.99 (7.1% above fair value)
  • GF Score™: 75/100 with 8 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.
75GF 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.

MXN1,874.99
Price
MXN1,750.04
GF Value