Starbucks (TSX:SBUX) Cyclically Adjusted PS Ratio: 3.66 (As of Jul. 20, 2026) — 29% Below Median

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TSX:SBUX Starbucks Corp TSX:SBUX
85 GF Score
Price C$29.04
GF Value C$27.44
Valuation Fairly Valued
! 8 Warning Signs
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What is Starbucks Cyclically Adjusted PS Ratio?

Starbucks TSX:SBUX -2.16% 85 Cyclically Adjusted PS Ratio is 3.66 as of Jul. 20, 2026, which is 29% below its 10-year median of 5.17. GuruFocus rates TSX:SBUX with a GF Score™ of 85/100 and a GF Value™ of C$27.44 (Fairly Valued). The stock has 8 warning signs investors should review. Among 255 Restaurants companies, Starbucks ranks worse than 91.37% on this metric.

As of today (2026-07-20), Starbucks's current share price is C$29.04. Starbucks's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was C$7.93. Starbucks's Cyclically Adjusted PS Ratio for today is 3.66.

The historical rank and industry rank for Starbucks's Cyclically Adjusted PS Ratio or its related term are showing as below:

TSX:SBUX' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.84   Med: 5.17   Max: 7.62
Current: 3.66

During the past years, Starbucks's highest Cyclically Adjusted PS Ratio was 7.62. The lowest was 2.84. And the median was 5.17.

TSX:SBUX's Cyclically Adjusted PS Ratio is ranked worse than
91.37% of 255 companies
in the Restaurants industry
Industry Median: 0.7 vs TSX:SBUX: 3.66

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Starbucks's adjusted revenue per share data for the three months ended in Mar. 2026 was C$2.392. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is C$7.93 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Starbucks  (TSX:SBUX) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.


Starbucks Cyclically Adjusted PS Ratio Related Terms


Starbucks Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Starbucks's Cyclically Adjusted PS 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 PS Ratio Chart

Starbucks Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.43 4.15 3.98 3.86 3.07

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 PS 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 3.72 3.39 3.07 3.02 3.11

TSX:SBUX vs MCD, YUM, CMG: Cyclically Adjusted PS Ratio Comparison

For the Restaurants subindustry, Starbucks's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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 PS Ratio vs Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Starbucks's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Starbucks's Cyclically Adjusted PS Ratio falls into.


TSX:SBUX
85GF Score
Starbucks Corp TSX:SBUX
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Starbucks Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS 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 PS Ratio.

Starbucks's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=29.04/7.93
=3.66

* 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's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

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

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=2.392/330.2130*330.2130
=2.392

Current CPI (Mar. 2026) = 330.2130.

Starbucks Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.955 241.018 1.308
201609 1.059 241.428 1.448
201612 1.087 241.432 1.487
201703 1.012 243.801 1.371
201706 1.079 244.955 1.455
201709 1.008 246.819 1.349
201712 1.131 246.524 1.515
201803 1.160 249.554 1.535
201806 1.247 251.989 1.634
201809 1.274 252.439 1.667
201812 1.487 251.233 1.954
201903 1.410 254.202 1.832
201906 1.550 256.143 1.998
201909 1.550 256.759 1.993
201912 1.641 256.974 2.109
202003 1.482 258.115 1.896
202006 1.024 257.797 1.312
202009 1.455 260.280 1.846
202012 1.528 260.474 1.937
202103 1.479 264.877 1.844
202106 1.615 271.696 1.963
202109 1.817 274.310 2.187
202112 1.831 278.802 2.169
202203 1.752 287.504 2.012
202206 1.896 296.311 2.113
202209 2.037 296.808 2.266
202212 2.147 296.797 2.389
202303 2.165 301.836 2.369
202306 2.214 305.109 2.396
202309 2.308 307.789 2.476
202312 2.318 306.746 2.495
202403 2.135 312.332 2.257
202406 2.300 314.175 2.417
202409 2.260 315.301 2.367
202412 2.460 315.605 2.574
202503 2.307 319.799 2.382
202506 2.371 322.561 2.427
202509 2.426 324.800 2.466
202512 2.505 324.054 2.553
202603 2.392 330.213 2.392

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue 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.

What does a Cyclically Adjusted PS Ratio of 3.66 mean?
Starbucks (TSX:SBUX) has a Cyclically Adjusted PS Ratio of 3.66 as of Jul. 20, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Starbucks and its competitors. This is 29% below median its historical median of 5.17. Over the past decade, Starbucks' Cyclically Adjusted PS Ratio has ranged from 2.84 to 7.62. According to the industry distribution chart, Starbucks ranks #233 out of 255 companies in the Restaurants industry, placing it in the top 91.4%.
Is Starbucks' Cyclically Adjusted PS Ratio too high?
Starbucks' current Cyclically Adjusted PS Ratio of 3.66 is 29% below median its 10-year median of 5.17. Over the past 10 years, this metric has ranged from a low of 2.84 to a high of 7.62. The Restaurants industry median Cyclically Adjusted PS Ratio is 0.70. Starbucks' value of 3.66 is 422.9% above this industry median. Based on the distribution chart, Starbucks ranks #233 out of 255 companies in the Restaurants industry, which is in the bottom quartile relative to peers. Overall, Starbucks has a GF Score™ of 85/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Starbucks' Cyclically Adjusted PS Ratio compare to MCD and YUM?
According to the Restaurants industry distribution chart, Starbucks ranks #233 out of 255 companies for Cyclically Adjusted PS Ratio. This places Starbucks in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.70. Starbucks' value of 3.66 is 422.9% above this benchmark. Historically, Starbucks' own Cyclically Adjusted PS Ratio has ranged from 2.84 to 7.62 over the past decade. While the company's 10-year median is 5.17 vs. the industry median of 0.70, Starbucks has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PS Ratio for a Restaurants company?
The median Cyclically Adjusted PS Ratio among Restaurants companies is 0.70, based on 255 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Starbucks's current Cyclically Adjusted PS Ratio of 3.66 is 422.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Starbucks and its competitors. For the Restaurants industry, the median Cyclically Adjusted PS Ratio is 0.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Starbucks's current Cyclically Adjusted PS Ratio is 3.66, which is 29% below median its own 10-year median of 5.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Starbucks stock overvalued right now?
Based on GuruFocus' analysis, Starbucks (TSX:SBUX) is currently considered Fairly Valued. The stock's GF Value™ is C$27.44, compared to a current price of C$29.04 — trading 5.8% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 3.66, which is 29% below median its 10-year median of 5.17 and 422.9% above the Restaurants industry median of 0.70. Starbucks' overall GF Score™ is 85/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Starbucks (TSX:SBUX), the current Cyclically Adjusted PS Ratio is 3.66 as of Jul. 20, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Starbucks (TSX:SBUX) Overvalued in 2026?

Based on GuruFocus' analysis, Starbucks stock appears to be overvalued. The current stock price of C$29.04 is trading 5.8% above its estimated GF Value™ of C$27.44. GuruFocus considers Starbucks to be Fairly Valued.

Key valuation signals for TSX:SBUX:

  • Cyclically Adjusted PS Ratio: 3.66 (29% below median its 10-year median of 5.17)
  • GF Value™: C$27.44 vs. price of C$29.04 (5.8% above fair value)
  • GF Score™: 85/100 with 8 warning signs
  • Industry Position: 422.9% above the Restaurants median (#233 of 255)

No single metric tells the full story. See the TSX: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

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

C$29.04
Price
C$27.44
GF Value