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Starbucks (UKEX:SBUX) Cyclically Adjusted PB Ratio : (As of May. 25, 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 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 30.60 43.29 96.99 3,966.15 -

Starbucks Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 Mar. 2024 is calculated as:

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

Adj_Book=Book Value per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=-299.061/131.7762*131.7762
=-299.061

Current CPI (Mar. 2024) = 131.7762.

Starbucks Quarterly Data

Book Value per Share CPI Adj_Book
201406 135.296 100.560 177.296
201409 141.001 100.428 185.014
201412 154.280 99.070 205.213
201503 160.490 99.621 212.292
201506 157.495 100.684 206.131
201509 157.061 100.392 206.162
201512 161.420 99.792 213.156
201603 139.467 100.470 182.924
201606 156.433 101.688 202.719
201609 161.518 101.861 208.954
201612 159.479 101.863 206.312
201703 155.220 102.862 198.851
201706 162.045 103.349 206.617
201709 152.627 104.136 193.139
201712 163.831 104.011 207.565
201803 136.630 105.290 171.001
201806 117.099 106.317 145.140
201809 35.816 106.507 44.314
201812 -93.026 105.998 -115.650
201903 -166.889 107.251 -205.053
201906 -143.571 108.070 -175.065
201909 -210.921 108.329 -256.573
201912 -230.747 108.420 -280.455
202003 -258.446 108.902 -312.732
202006 -295.706 108.767 -358.260
202009 -266.697 109.815 -320.032
202012 -269.376 109.897 -323.006
202103 -260.513 111.754 -307.186
202106 -231.257 114.631 -265.845
202109 -180.791 115.734 -205.850
202112 -294.425 117.630 -329.834
202203 -306.496 121.301 -332.964
202206 -302.948 125.017 -319.328
202209 -304.084 125.227 -319.988
202212 -302.780 125.222 -318.628
202303 -297.343 127.348 -307.683
202306 -292.217 128.729 -299.135
202309 -280.519 129.860 -284.659
202312 -305.093 129.419 -310.649
202403 -299.061 131.776 -299.061

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  (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

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Starbucks (UKEX:SBUX) 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 38,000 stores across more than 80 countries as of the end of fiscal 2023. 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.

Starbucks (UKEX:SBUX) Headlines