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Starbucks (FRA:SRB) Cyclically Adjusted Revenue per Share : €21.03 (As of Dec. 2023)


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What is Starbucks Cyclically Adjusted Revenue per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and 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 for the three months ended in Dec. 2023 was €7.578. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is €21.03 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Starbucks's average Cyclically Adjusted Revenue Growth Rate was 12.50% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 15.80% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 14.30% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 12.80% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of Starbucks was 28.10% per year. The lowest was 11.20% per year. And the median was 15.80% per year.

As of today (2024-04-29), Starbucks's current stock price is €82.76. Starbucks's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was €21.03. Starbucks's Cyclically Adjusted PS Ratio of today is 3.94.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Starbucks was 7.62. The lowest was 3.64. And the median was 5.55.


Starbucks Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Starbucks's Cyclically Adjusted Revenue per Share 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 Revenue per Share Chart

Starbucks Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.28 12.76 14.99 21.37 21.70

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 Revenue per Share 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 19.53 19.72 20.41 21.70 21.03

Competitive Comparison of Starbucks's Cyclically Adjusted Revenue per Share

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 Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and 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.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

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

Adj_RevenuePerShare= Revenue per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=7.578/129.4194*129.4194
=7.578

Current CPI (Dec. 2023) = 129.4194.

Starbucks Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 1.832 99.695 2.378
201406 2.009 100.560 2.586
201409 2.132 100.428 2.747
201412 2.568 99.070 3.355
201503 2.781 99.621 3.613
201506 2.869 100.684 3.688
201509 2.910 100.392 3.751
201512 3.281 99.792 4.255
201603 3.016 100.470 3.885
201606 3.151 101.688 4.010
201609 3.444 101.861 4.376
201612 3.696 101.863 4.696
201703 3.379 102.862 4.251
201706 3.453 103.349 4.324
201709 3.294 104.136 4.094
201712 3.577 104.011 4.451
201803 3.478 105.290 4.275
201806 3.890 106.317 4.735
201809 4.005 106.507 4.867
201812 4.651 105.998 5.679
201903 4.462 107.251 5.384
201906 4.937 108.070 5.912
201909 5.082 108.329 6.071
201912 5.363 108.420 6.402
202003 4.596 108.902 5.462
202006 3.209 108.767 3.818
202009 4.466 109.815 5.263
202012 4.690 109.897 5.523
202103 4.727 111.754 5.474
202106 5.245 114.631 5.922
202109 5.829 115.734 6.518
202112 6.055 117.630 6.662
202203 6.008 121.301 6.410
202206 6.699 125.017 6.935
202209 7.374 125.227 7.621
202212 7.135 125.222 7.374
202303 7.065 127.348 7.180
202306 7.355 128.729 7.394
202309 7.643 129.860 7.617
202312 7.578 129.419 7.578

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


Starbucks  (FRA:SRB) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

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 Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=82.76/21.03
=3.94

* 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.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Starbucks was 7.62. The lowest was 3.64. And the median was 5.55.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


Starbucks Cyclically Adjusted Revenue per Share Related Terms

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


Starbucks (FRA:SRB) Business Description

Industry
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.

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