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Starbucks (BUE:SBUX) Cyclically Adjusted PB Ratio : (As of Apr. 28, 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.

* Premium members only.

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
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 Dec. 2023 is calculated as:

For example, Starbucks's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book=Book Value per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=-2747.197/129.4194*129.4194
=-2,747.197

Current CPI (Dec. 2023) = 129.4194.

Starbucks Quarterly Data

Book Value per Share CPI Adj_Book
201403 25.998 99.695 33.750
201406 27.419 100.560 35.288
201409 29.610 100.428 38.158
201412 32.906 99.070 42.987
201503 35.306 99.621 45.867
201506 35.696 100.684 45.884
201509 36.834 100.392 47.484
201512 52.113 99.792 67.585
201603 50.803 100.470 65.441
201606 54.548 101.688 69.424
201609 60.096 101.861 76.355
201612 63.060 101.863 80.119
201703 59.689 102.862 75.100
201706 66.643 103.349 83.454
201709 66.712 104.136 82.909
201712 78.031 104.011 97.093
201803 68.668 105.290 84.405
201806 72.845 106.317 88.674
201809 32.875 106.507 39.947
201812 -87.489 105.998 -106.821
201903 -162.721 107.251 -196.356
201906 -160.000 108.070 -191.609
201909 -294.228 108.329 -351.509
201912 -344.030 108.420 -410.663
202003 -400.127 108.902 -475.514
202006 -504.949 108.767 -600.826
202009 -493.864 109.815 -582.030
202012 -546.799 109.897 -643.935
202103 -585.340 111.754 -677.865
202106 -546.429 114.631 -616.921
202109 -440.938 115.734 -493.077
202112 -741.657 117.630 -815.993
202203 -820.855 121.301 -875.793
202206 -909.268 125.017 -941.289
202209 -1,053.909 125.227 -1,089.197
202212 -1,266.141 125.222 -1,308.584
202303 -1,465.160 127.348 -1,488.994
202306 -1,749.314 128.729 -1,758.700
202309 -2,448.609 129.860 -2,440.311
202312 -2,747.197 129.419 -2,747.197

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  (BUE: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

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


Starbucks (BUE: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 (BUE:SBUX) Headlines

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