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Starbucks (UKEX:SBUX) Cyclically Adjusted PS Ratio : 3.78 (As of May. 25, 2024)


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What is Starbucks Cyclically Adjusted PS Ratio?

As of today (2024-05-25), Starbucks's current share price is ₴3743.00. Starbucks's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was ₴989.10. Starbucks's Cyclically Adjusted PS Ratio for today is 3.78.

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

UKEX:SBUX' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 3.03   Med: 5.55   Max: 7.62
Current: 3.27

During the past years, Starbucks's highest Cyclically Adjusted PS Ratio was 7.62. The lowest was 3.03. And the median was 5.55.

UKEX:SBUX's Cyclically Adjusted PS Ratio is ranked worse than
89.84% of 246 companies
in the Restaurants industry
Industry Median: 0.785 vs UKEX:SBUX: 3.27

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. 2024 was ₴302.361. 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 ₴989.10 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Starbucks Cyclically Adjusted PS Ratio Historical Data

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.

* Premium members only.

Starbucks Cyclically Adjusted PS Ratio Chart

Starbucks Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.59 5.82 6.43 4.15 3.98

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 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 4.84 4.45 3.98 4.12 3.78

Competitive Comparison of Starbucks's Cyclically Adjusted PS Ratio

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's Cyclically Adjusted PS Ratio Distribution in the 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.



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
=3743.00/989.1
=3.78

* 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. 2024 is calculated as:

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

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=302.361/131.7762*131.7762
=302.361

Current CPI (Mar. 2024) = 131.7762.

Starbucks Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 109.413 100.560 143.378
201409 110.139 100.428 144.519
201412 126.956 99.070 168.869
201503 120.644 99.621 159.585
201506 129.111 100.684 168.982
201509 130.950 100.392 171.888
201512 143.305 99.792 189.235
201603 134.659 100.470 176.618
201606 141.958 101.688 183.961
201609 154.950 101.861 200.457
201612 156.300 101.863 202.200
201703 144.896 102.862 185.625
201706 155.527 103.349 198.306
201709 157.412 104.136 199.194
201712 169.735 104.011 215.045
201803 171.920 105.290 215.168
201806 182.202 106.317 225.833
201809 187.380 106.507 231.837
201812 212.153 105.998 263.748
201903 202.136 107.251 248.360
201906 223.665 108.070 272.729
201909 224.366 108.329 272.928
201912 238.901 108.420 290.366
202003 203.587 108.902 246.350
202006 144.860 108.767 175.504
202009 210.915 109.815 253.095
202012 228.733 109.897 274.272
202103 225.632 111.754 266.056
202106 253.367 114.631 291.262
202109 274.948 115.734 313.058
202112 274.308 117.630 307.298
202203 265.292 121.301 288.202
202206 283.881 125.017 299.230
202209 292.699 125.227 308.008
202212 303.019 125.222 318.880
202303 303.277 127.348 313.823
202306 319.486 128.729 327.049
202309 327.009 129.860 331.836
202312 331.292 129.419 337.325
202403 302.361 131.776 302.361

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.


Starbucks  (UKEX: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

Thank you for viewing the detailed overview of Starbucks's Cyclically Adjusted PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


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

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