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Starbucks (MEX:SBUX) E10 : MXN62.05 (As of Dec. 2024)


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What is Starbucks E10?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Starbucks's adjusted earnings per share data for the three months ended in Dec. 2024 was MXN14.390. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is MXN62.05 for the trailing ten years ended in Dec. 2024.

During the past 12 months, Starbucks's average E10 Growth Rate was 6.00% per year. During the past 3 years, the average E10 Growth Rate was 14.00% per year. During the past 5 years, the average E10 Growth Rate was 14.30% per year. During the past 10 years, the average E10 Growth Rate was 18.60% 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 E10 growth rate using E10 data.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Starbucks was 41.50% per year. The lowest was 12.40% per year. And the median was 24.35% per year.

As of today (2025-03-23), Starbucks's current stock price is MXN1954.86. Starbucks's E10 for the quarter that ended in Dec. 2024 was MXN62.05. Starbucks's Shiller PE Ratio of today is 31.50.

During the past 13 years, the highest Shiller PE Ratio of Starbucks was 88.18. The lowest was 24.68. And the median was 50.48.


Starbucks E10 Historical Data

The historical data trend for Starbucks's E10 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 E10 Chart

Starbucks Annual Data
Trend Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 37.31 42.69 48.02 49.13 59.43

Starbucks Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
E10 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 48.20 48.53 55.21 59.43 62.05

Competitive Comparison of Starbucks's E10

For the Restaurants subindustry, Starbucks's Shiller PE Ratio, along with its competitors' market caps and Shiller PE 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 Shiller PE Ratio Distribution in the Restaurants Industry

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

* The bar in red indicates where Starbucks's Shiller PE Ratio falls into.



Starbucks E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

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 earnings per share data for the three months ended in Dec. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=14.39/133.1571*133.1571
=14.390

Current CPI (Dec. 2024) = 133.1571.

Starbucks Quarterly Data

per share eps CPI Adj_EPS
201503 5.031 99.621 6.725
201506 6.433 100.684 8.508
201509 7.266 100.392 9.637
201512 7.910 99.792 10.555
201603 6.713 100.470 8.897
201606 9.432 101.688 12.351
201609 10.441 101.861 13.649
201612 10.515 101.863 13.745
201703 8.473 102.862 10.968
201706 8.496 103.349 10.946
201709 9.800 104.136 12.531
201712 30.834 104.011 39.474
201803 8.539 105.290 10.799
201806 11.986 106.317 15.012
201809 10.475 106.507 13.096
201812 11.977 105.998 15.046
201903 10.281 107.251 12.764
201906 21.514 108.070 26.508
201909 13.227 108.329 16.258
201912 13.956 108.420 17.140
202003 6.565 108.902 8.027
202006 -13.388 108.767 -16.390
202009 7.290 109.815 8.840
202012 10.543 109.897 12.774
202103 11.447 111.754 13.639
202106 19.309 114.631 22.430
202109 30.637 115.734 35.249
202112 14.155 117.630 16.024
202203 11.548 121.301 12.677
202206 15.893 125.017 16.928
202209 15.287 125.227 16.255
202212 14.427 125.222 15.341
202303 14.240 127.348 14.890
202306 16.972 128.729 17.556
202309 18.464 129.860 18.933
202312 15.277 129.419 15.718
202403 11.285 131.776 11.403
202406 17.038 132.554 17.116
202409 15.752 133.029 15.767
202412 14.390 133.157 14.390

Add all the adjusted EPS together and divide 10 will get our e10.


Starbucks  (MEX:SBUX) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Starbucks's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=1954.86/62.05
=31.50

* 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 Shiller P/E Ratio of Starbucks was 88.18. The lowest was 24.68. And the median was 50.48.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


Starbucks E10 Related Terms

Thank you for viewing the detailed overview of Starbucks's E10 provided by GuruFocus.com. Please click on the following links to see related term pages.


Starbucks 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 40,000 stores across more than 80 countries as of the end of fiscal 2024. 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.