GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Starbucks Corp (NEOE:SBUX) » Definitions » Cyclically Adjusted PB Ratio

Starbucks (NEOE:SBUX) Cyclically Adjusted PB Ratio : (As of May. 30, 2024)


View and export this data going back to 2022. Start your Free Trial

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)
=-10.097/131.7762*131.7762
=-10.097

Current CPI (Mar. 2024) = 131.7762.

Starbucks Quarterly Data

Book Value per Share CPI Adj_Book
201406 3.655 100.560 4.790
201409 3.873 100.428 5.082
201412 4.438 99.070 5.903
201503 5.051 99.621 6.681
201506 4.858 100.684 6.358
201509 5.197 100.392 6.822
201512 5.521 99.792 7.290
201603 4.601 100.470 6.035
201606 5.031 101.688 6.520
201609 5.281 101.861 6.832
201612 5.306 101.863 6.864
201703 5.183 102.862 6.640
201706 5.374 103.349 6.852
201709 4.675 104.136 5.916
201712 5.218 104.011 6.611
201803 4.408 105.290 5.517
201806 3.834 106.317 4.752
201809 1.164 106.507 1.440
201812 -3.118 105.998 -3.876
201903 -5.566 107.251 -6.839
201906 -4.759 108.070 -5.803
201909 -6.966 108.329 -8.474
201912 -7.579 108.420 -9.212
202003 -8.999 108.902 -10.889
202006 -9.996 108.767 -12.111
202009 -8.801 109.815 -10.561
202012 -8.606 109.897 -10.319
202103 -8.167 111.754 -9.630
202106 -7.049 114.631 -8.103
202109 -5.714 115.734 -6.506
202112 -9.400 117.630 -10.530
202203 -9.679 121.301 -10.515
202206 -9.675 125.017 -10.198
202209 -10.117 125.227 -10.646
202212 -10.260 125.222 -10.797
202303 -10.148 127.348 -10.501
202306 -9.684 128.729 -9.913
202309 -9.468 129.860 -9.608
202312 -10.210 129.419 -10.396
202403 -10.097 131.776 -10.097

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  (NEOE: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 (NEOE: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 (NEOE:SBUX) Headlines

From GuruFocus

Starbucks Corp Annual Shareholders Meeting Transcript

By GuruFocus Research 01-23-2024

Q2 2023 Starbucks Corp Earnings Call Transcript

By GuruFocus Research 01-23-2024

Q2 2022 Starbucks Corp Earnings Call Transcript

By GuruFocus Research 01-23-2024

Q3 2020 Starbucks Corp Earnings Call Transcript

By GuruFocus Research 01-23-2024

Q1 2022 Starbucks Corp Earnings Call Transcript

By GuruFocus Research 01-23-2024

Q1 2023 Starbucks Corp Earnings Call Transcript

By GuruFocus Research 01-23-2024

Starbucks Corp Annual Shareholders Meeting Transcript

By GuruFocus Research 01-23-2024