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Starbucks (BSP:SBUB34) Cyclically Adjusted PB Ratio : (As of May. 22, 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.

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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
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 Mar. 2024 is calculated as:

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

Adj_Book=Book Value per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=-37.147/131.7762*131.7762
=-37.147

Current CPI (Mar. 2024) = 131.7762.

Starbucks Quarterly Data

Book Value per Share CPI Adj_Book
201406 7.546 100.560 9.889
201409 8.222 100.428 10.788
201412 10.167 99.070 13.523
201503 12.575 99.621 16.634
201506 12.224 100.684 15.999
201509 15.291 100.392 20.071
201512 15.625 99.792 20.633
201603 12.864 100.470 16.872
201606 13.358 101.688 17.310
201609 13.106 101.861 16.955
201612 13.342 101.863 17.260
201703 12.109 102.862 15.513
201706 13.320 103.349 16.984
201709 11.925 104.136 15.090
201712 13.465 104.011 17.059
201803 11.175 105.290 13.986
201806 11.014 106.317 13.651
201809 3.671 106.507 4.542
201812 -9.011 105.998 -11.202
201903 -15.988 107.251 -19.644
201906 -13.808 108.070 -16.837
201909 -21.673 108.329 -26.364
201912 -23.624 108.420 -28.713
202003 -31.499 108.902 -38.115
202006 -38.269 108.767 -46.365
202009 -35.922 109.815 -43.106
202012 -34.568 109.897 -41.450
202103 -36.617 111.754 -43.177
202106 -29.006 114.631 -33.344
202109 -23.806 115.734 -27.106
202112 -41.529 117.630 -46.523
202203 -38.044 121.301 -41.329
202206 -38.143 125.017 -40.205
202209 -39.772 125.227 -41.852
202212 -39.615 125.222 -41.689
202303 -38.630 127.348 -39.973
202306 -35.378 128.729 -36.216
202309 -34.556 129.860 -35.066
202312 -37.287 129.419 -37.966
202403 -37.147 131.776 -37.147

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  (BSP:SBUB34) 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

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Starbucks (BSP:SBUB34) 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 (BSP:SBUB34) Headlines

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