Starbucks (UKEX: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.
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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.

UKEX:SBUX Starbucks Corp UKEX:SBUX
84 GF Score
Price ₴3,743.00
GF Value ₴3,497.97
! 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  (UKEX: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

UKEX: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.


UKEX:SBUX
84GF Score
Starbucks Corp UKEX: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)
=-299.64/333.9520*333.9520
=-299.640

Current CPI (Jun. 2026) = 333.9520.

Starbucks Quarterly Data

Book Value per Share CPI Adj_Book
201609 179.276 241.428 247.981
201612 177.013 241.432 244.847
201703 172.285 243.801 235.991
201706 179.862 244.955 245.209
201709 169.408 246.819 229.213
201712 181.844 246.524 246.334
201803 151.652 249.554 202.940
201806 129.973 251.989 172.249
201809 39.754 252.439 52.591
201812 -103.254 251.233 -137.251
201903 -185.238 254.202 -243.352
201906 -159.356 256.143 -207.764
201909 -234.110 256.759 -304.494
201912 -256.117 256.974 -332.838
202003 -286.861 258.115 -371.144
202006 -328.217 257.797 -425.175
202009 -296.020 260.280 -379.808
202012 -298.993 260.474 -383.337
202103 -289.155 264.877 -364.561
202106 -256.683 271.696 -315.499
202109 -200.668 274.310 -244.298
202112 -326.796 278.802 -391.440
202203 -340.194 287.504 -395.154
202206 -336.256 296.311 -378.971
202209 -337.517 296.808 -379.756
202212 -336.070 296.797 -378.141
202303 -330.034 301.836 -365.150
202306 -324.345 305.109 -355.006
202309 -311.361 307.789 -337.828
202312 -338.636 306.746 -368.670
202403 -331.942 312.332 -354.919
202406 -312.032 314.175 -331.674
202409 -292.430 315.301 -309.728
202412 -292.731 315.605 -309.748
202503 -298.534 319.799 -311.746
202506 -300.942 322.561 -311.570
202509 -316.907 324.800 -325.837
202512 -327.706 324.054 -337.716
202603 -330.574 330.213 -334.317
202606 -299.640 333.952 -299.640

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 (UKEX:SBUX) Overvalued in 2026?

Based on GuruFocus' analysis, Starbucks stock appears to be overvalued. The current stock price of ₴3,743.00 is trading 7% above its estimated GF Value™ of ₴3,497.97.

Key valuation signals for UKEX:SBUX:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₴3,497.97 vs. price of ₴3,743.00 (7% above fair value)
  • GF Score™: 84/100 with 6 warning signs

No single metric tells the full story. See the UKEX: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.
84GF Score

Get the complete analysis for UKEX:SBUX

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

₴3,743.00
Price
₴3,497.97
GF Value