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Starbucks (UKEX:SBUX) Cyclically Adjusted PB Ratio : (As of Jun. 09, 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
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)
=-303.308/131.7762*131.7762
=-303.308

Current CPI (Mar. 2024) = 131.7762.

Starbucks Quarterly Data

Book Value per Share CPI Adj_Book
201406 137.217 100.560 179.813
201409 143.003 100.428 187.641
201412 156.470 99.070 208.126
201503 162.769 99.621 215.307
201506 159.732 100.684 209.059
201509 159.291 100.392 209.089
201512 163.712 99.792 216.182
201603 141.447 100.470 185.521
201606 158.655 101.688 205.599
201609 163.811 101.861 211.920
201612 161.743 101.863 209.241
201703 157.423 102.862 201.674
201706 164.346 103.349 209.551
201709 154.794 104.136 195.881
201712 166.157 104.011 210.512
201803 138.570 105.290 173.429
201806 118.761 106.317 147.200
201809 36.325 106.507 44.943
201812 -94.347 105.998 -117.292
201903 -169.258 107.251 -207.963
201906 -145.609 108.070 -177.551
201909 -213.915 108.329 -260.215
201912 -234.024 108.420 -284.438
202003 -262.116 108.902 -317.173
202006 -299.904 108.767 -363.346
202009 -270.484 109.815 -324.577
202012 -273.201 109.897 -327.593
202103 -264.212 111.754 -311.548
202106 -234.541 114.631 -269.620
202109 -183.358 115.734 -208.773
202112 -298.605 117.630 -334.517
202203 -310.847 121.301 -337.691
202206 -307.249 125.017 -323.861
202209 -308.402 125.227 -324.532
202212 -307.079 125.222 -323.152
202303 -301.564 127.348 -312.051
202306 -296.366 128.729 -303.382
202309 -284.502 129.860 -288.701
202312 -309.425 129.419 -315.060
202403 -303.308 131.776 -303.308

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  (UKEX: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 (UKEX: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 (UKEX:SBUX) Headlines

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