Starbucks (UKEX:SBUX) Cyclically Adjusted PB Ratio: (As of Aug. 08, 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
85 GF Score
Price ₴3,743.00
GF Value ₴3,500.97
! 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
85GF 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)
=-301.528/333.9520*333.9520
=-301.528

Current CPI (Jun. 2026) = 333.9520.

Starbucks Quarterly Data

Book Value per Share CPI Adj_Book
201609 180.422 241.428 249.566
201612 178.144 241.432 246.411
201703 173.386 243.801 237.499
201706 181.011 244.955 246.776
201709 170.491 246.819 230.678
201712 183.006 246.524 247.908
201803 152.621 249.554 204.237
201806 130.804 251.989 173.350
201809 40.008 252.439 52.927
201812 -103.914 251.233 -138.128
201903 -186.421 254.202 -244.906
201906 -160.374 256.143 -209.091
201909 -235.606 256.759 -306.439
201912 -257.754 256.974 -334.966
202003 -288.694 258.115 -373.515
202006 -330.315 257.797 -427.892
202009 -297.911 260.280 -382.234
202012 -300.904 260.474 -385.787
202103 -291.003 264.877 -366.891
202106 -258.323 271.696 -317.515
202109 -201.951 274.310 -245.860
202112 -328.884 278.802 -393.941
202203 -342.367 287.504 -397.678
202206 -338.404 296.311 -381.392
202209 -339.674 296.808 -382.182
202212 -338.217 296.797 -380.557
202303 -332.143 301.836 -367.484
202306 -326.418 305.109 -357.275
202309 -313.351 307.789 -339.987
202312 -340.800 306.746 -371.026
202403 -334.063 312.332 -357.187
202406 -314.026 314.175 -333.794
202409 -294.299 315.301 -311.708
202412 -294.602 315.605 -311.728
202503 -300.442 319.799 -313.738
202506 -302.865 322.561 -313.560
202509 -318.932 324.800 -327.919
202512 -329.800 324.054 -339.874
202603 -332.687 330.213 -336.454
202606 -301.528 333.952 -301.528

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 6.9% above its estimated GF Value™ of ₴3,500.97.

Key valuation signals for UKEX:SBUX:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₴3,500.97 vs. price of ₴3,743.00 (6.9% above fair value)
  • GF Score™: 85/100 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.
85GF 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
₴3,500.97
GF Value