Starbucks (XBUL:SRB) Cyclically Adjusted PS Ratio: 3.47 (As of Aug. 27, 2026) — 33% Below Median

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.
Reviewed by: Charlie Tian Charlie Tian
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.

XBUL:SRB Starbucks Corp XBUL:SRB
85 GF Score
Price лв93.99
GF Value лв87.23
! 6 Warning Signs
View Full Analysis

What is Starbucks Cyclically Adjusted PS Ratio?

Starbucks XBUL:SRB 85 Cyclically Adjusted PS Ratio is 3.47 as of Aug. 27, 2026, which is 33% below its 10-year median of 5.15. GuruFocus rates XBUL:SRB with a GF Score™ of 85/100 and a GF Value™ of лв87.23. The stock has 6 warning signs investors should review. Among 262 Restaurants companies, Starbucks ranks worse than 91.22% on this metric.

As of today (2026-08-27), Starbucks's current share price is лв93.99. Starbucks's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was лв27.09. Starbucks's Cyclically Adjusted PS Ratio for today is 3.47.

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

XBUL:SRB' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.84   Med: 5.15   Max: 7.62
Current: 3.59

During the past years, Starbucks's highest Cyclically Adjusted PS Ratio was 7.62. The lowest was 2.84. And the median was 5.15.

XBUL:SRB's Cyclically Adjusted PS Ratio is ranked worse than
91.22% of 262 companies
in the Restaurants industry
Industry Median: 0.7 vs XBUL:SRB: 3.59

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 Jun. 2026 was лв13.826. 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 лв27.09 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Starbucks  (XBUL:SRB) 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
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 3.39 3.07 3.02 3.11 3.47

XBUL:SRB 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.


XBUL:SRB
85GF Score
Starbucks Corp XBUL:SRB
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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
=93.99/27.09
=3.47

* 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 Jun. 2026 is calculated as:

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

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=13.826/333.9520*333.9520
=13.826

Current CPI (Jun. 2026) = 333.9520.

Starbucks Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 6.556 241.428 9.068
201612 6.613 241.432 9.147
201703 6.131 243.801 8.398
201706 6.581 244.955 8.972
201709 6.661 246.819 9.012
201712 7.182 246.524 9.729
201803 7.274 249.554 9.734
201806 7.709 251.989 10.216
201809 7.929 252.439 10.489
201812 8.977 251.233 11.933
201903 8.553 254.202 11.236
201906 9.464 256.143 12.339
201909 9.494 256.759 12.348
201912 10.109 256.974 13.137
202003 8.614 258.115 11.145
202006 6.129 257.797 7.940
202009 8.924 260.280 11.450
202012 9.678 260.474 12.408
202103 9.547 264.877 12.037
202106 10.721 271.696 13.178
202109 11.634 274.310 14.164
202112 11.607 278.802 13.903
202203 11.225 287.504 13.038
202206 12.012 296.311 13.538
202209 12.385 296.808 13.935
202212 12.822 296.797 14.427
202303 12.832 301.836 14.197
202306 13.518 305.109 14.796
202309 13.837 307.789 15.013
202312 14.018 306.746 15.261
202403 12.794 312.332 13.680
202406 13.612 314.175 14.469
202409 13.534 315.301 14.335
202412 14.004 315.605 14.818
202503 13.038 319.799 13.615
202506 14.073 322.561 14.570
202509 14.227 324.800 14.628
202512 14.730 324.054 15.180
202603 14.144 330.213 14.304
202606 13.826 333.952 13.826

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 3.47 mean?
Starbucks (XBUL:SRB) has a Cyclically Adjusted PS Ratio of 3.47 as of Aug. 27, 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 33% below median its historical median of 5.15. 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 #239 out of 262 companies in the Restaurants industry, placing it in the top 91.2%.
Is Starbucks' Cyclically Adjusted PS Ratio too high?
Starbucks' current Cyclically Adjusted PS Ratio of 3.47 is 33% below median its 10-year median of 5.15. 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 3.47 is 395.7% above this industry median. Based on the distribution chart, Starbucks ranks #239 out of 262 companies in the Restaurants industry, which is in the bottom quartile relative to peers. Overall, Starbucks has a GF Score™ of 85/100, 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 #239 out of 262 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 3.47 is 395.7% 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 5.15 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 262 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 3.47 is 395.7% 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 3.47, which is 33% below median its own 10-year median of 5.15. 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?
Starbucks (XBUL:SRB) has a current Cyclically Adjusted PS Ratio of 3.47. The stock's GF Value™ is лв87.23, compared to a current price of лв93.99 — trading 7.7% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 3.47, which is 33% below median its 10-year median of 5.15 and 395.7% above the Restaurants industry median of 0.70. Starbucks' overall GF Score™ is 85/100 with 6 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 (XBUL:SRB), the current Cyclically Adjusted PS Ratio is 3.47 as of Aug. 27, 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 (XBUL:SRB) Overvalued in 2026?

Based on GuruFocus' analysis, Starbucks stock appears to be overvalued. The current stock price of лв93.99 is trading 7.7% above its estimated GF Value™ of лв87.23.

Key valuation signals for XBUL:SRB:

  • Cyclically Adjusted PS Ratio: 3.47 (33% below median its 10-year median of 5.15)
  • GF Value™: лв87.23 vs. price of лв93.99 (7.7% above fair value)
  • GF Score™: 85/100 with 6 warning signs
  • Industry Position: 395.7% above the Restaurants median (#239 of 262)

No single metric tells the full story. See the XBUL:SRB 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 XBUL:SRB

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

лв93.99
Price
лв87.23
GF Value