Price to Earnings (P/E)
since 2005
Calculation
Starbucks Corp., P/E, long-term trends, calculation
| P/E | = | Share price1, 2, 3 | ÷ | Earnings per share1 (EPS) | EPS1 | = | Net earnings attributable to Starbucks1 (in thousands) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Nov 20, 2024 | 29.62 | = | 98.26 | ÷ | 3.32 | 3.32 | = | 3,760,900 | ÷ | 1,133,800,000 | |
| Nov 17, 2023 | 29.09 | = | 105.57 | ÷ | 3.63 | 3.63 | = | 4,124,500 | ÷ | 1,136,700,000 | |
| Nov 18, 2022 | 34.26 | = | 97.95 | ÷ | 2.86 | 2.86 | = | 3,281,600 | ÷ | 1,147,800,000 | |
| Nov 19, 2021 | 30.95 | = | 110.78 | ÷ | 3.58 | 3.58 | = | 4,199,300 | ÷ | 1,173,200,000 | |
| Nov 12, 2020 | 118.26 | = | 93.53 | ÷ | 0.79 | 0.79 | = | 928,300 | ÷ | 1,173,700,000 | |
| Nov 15, 2019 | 27.63 | = | 84.21 | ÷ | 3.05 | 3.05 | = | 3,599,200 | ÷ | 1,181,000,000 | |
| Nov 16, 2018 | 18.71 | = | 68.16 | ÷ | 3.64 | 3.64 | = | 4,518,300 | ÷ | 1,240,600,000 | |
| Nov 17, 2017 | 28.08 | = | 56.93 | ÷ | 2.03 | 2.03 | = | 2,884,700 | ÷ | 1,422,800,000 | |
| Nov 18, 2016 | 28.81 | = | 55.77 | ÷ | 1.94 | 1.94 | = | 2,817,700 | ÷ | 1,455,400,000 | |
| Nov 12, 2015 | 32.88 | = | 61.07 | ÷ | 1.86 | 1.86 | = | 2,757,400 | ÷ | 1,484,800,000 | |
| Nov 14, 2014 | 28.27 | = | 39.06 | ÷ | 1.38 | 1.38 | = | 2,068,100 | ÷ | 1,496,600,000 | |
| Nov 18, 2013 | 7,312.64 | = | 40.27 | ÷ | 0.01 | 0.01 | = | 8,300 | ÷ | 1,507,200,000 | |
| Nov 16, 2012 | 26.20 | = | 24.38 | ÷ | 0.93 | 0.93 | = | 1,383,800 | ÷ | 1,487,200,000 | |
| Nov 18, 2011 | 25.14 | = | 21.01 | ÷ | 0.84 | 0.84 | = | 1,245,700 | ÷ | 1,490,800,000 | |
| Nov 22, 2010 | 24.20 | = | 15.44 | ÷ | 0.64 | 0.64 | = | 945,600 | ÷ | 1,482,200,000 | |
| Nov 20, 2009 | 40.57 | = | 10.71 | ÷ | 0.26 | 0.26 | = | 390,800 | ÷ | 1,480,400,000 | |
| Nov 24, 2008 | 19.66 | = | 4.23 | ÷ | 0.22 | 0.22 | = | 315,500 | ÷ | 1,466,600,000 | |
| Nov 29, 2007 | 25.02 | = | 11.52 | ÷ | 0.46 | 0.46 | = | 672,638 | ÷ | 1,460,800,000 | |
| Dec 14, 2006 | 48.96 | = | 18.30 | ÷ | 0.37 | 0.37 | = | 564,259 | ÷ | 1,509,715,456 | |
| Dec 16, 2005 | 48.21 | = | 15.60 | ÷ | 0.32 | 0.32 | = | 494,467 | ÷ | 1,528,207,080 |
Based on: 10-K (reporting date: 2024-09-29), 10-K (reporting date: 2023-10-01), 10-K (reporting date: 2022-10-02), 10-K (reporting date: 2021-10-03), 10-K (reporting date: 2020-09-27), 10-K (reporting date: 2019-09-29), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-10-01), 10-K (reporting date: 2016-10-02), 10-K (reporting date: 2015-09-27), 10-K (reporting date: 2014-09-28), 10-K (reporting date: 2013-09-29), 10-K (reporting date: 2012-09-30), 10-K (reporting date: 2011-10-02), 10-K (reporting date: 2010-10-03), 10-K (reporting date: 2009-09-27), 10-K (reporting date: 2008-09-28), 10-K (reporting date: 2007-09-30), 10-K (reporting date: 2006-10-01), 10-K (reporting date: 2005-10-02).
1 US$
2 Data adjusted for splits and stock dividends.
3 Closing price as at the filing date of Starbucks Corp. Annual Report.
The share price exhibited notable volatility over the analyzed period. Initially rising from $15.60 in 2005 to a peak of $24.38 in 2012, it experienced rapid growth thereafter, reaching a high of $110.78 in 2021. However, subsequent years showed fluctuating values, with prices decreasing to $97.95 in 2022, recovering slightly in 2023 to $105.57, and then dipping again to $98.26 in 2024.
Earnings per share (EPS) demonstrated a general upward trend with intermittent volatility. Starting at $0.32 in 2005, EPS gradually increased, reaching $0.93 by 2012. A sharp decline to $0.01 was observed in 2013, followed by a strong recovery, peaking at $3.64 in 2018. The EPS values then fluctuated, notably dropping to $0.79 in 2020 before rising again to $3.63 in 2023 and slightly declining to $3.32 in 2024.
The price-to-earnings (P/E) ratio showed significant variability throughout the timeline. Early years reflected moderately high ratios in the range of 19.66 to 48.96, indicating strong valuation relative to earnings. A pronounced spike to over 7300 in 2013 corresponded with the extremely low EPS that year, suggesting market valuation was disconnected from earnings temporarily. In later years, the P/E ratio stabilized more but still presented fluctuations, rising to 118.26 in 2020 amid an EPS slump, and generally hovering between 18.71 and 34.26 before settling near 29 in 2024.
- Share Price
- Overall upward trajectory with peaks and troughs, particularly strong growth from 2012 to 2021, followed by moderate volatility.
- Earnings Per Share (EPS)
- Long-term growth with occasional sharp declines, indicative of episodic profitability challenges or extraordinary circumstances impacting earnings.
- Price-to-Earnings (P/E) Ratio
- Highly volatile at points due to fluctuations in EPS, illustrating market sensitivity to earnings performance; extreme values correspond to years of very low EPS.
In summary, the financial indicators reflect a growth-oriented company with periods of earnings instability affecting valuation metrics. The share price trajectory largely aligns with EPS but shows market optimism or pessimism amplified through the P/E ratio variations. The data suggest resilience in recovering from earnings downturns, though the volatility highlights sensitivity to operational or market challenges during certain years.
Comparison to Competitors
Starbucks Corp., P/E, long-term trends, comparison to competitors
| Starbucks Corp. | Airbnb Inc. | Booking Holdings Inc. | Chipotle Mexican Grill Inc. | McDonald’s Corp. | |
|---|---|---|---|---|---|
| Nov 20, 2024 | 29.62 | 33.58 | 28.00 | 50.81 | 27.00 |
| Nov 17, 2023 | 29.09 | 20.59 | 31.09 | 58.48 | 25.23 |
| Nov 18, 2022 | 34.26 | 44.53 | 29.87 | 49.37 | 31.22 |
| Nov 19, 2021 | 30.95 | — | 86.68 | 67.03 | 24.15 |
| Nov 12, 2020 | 118.26 | — | 1,696.44 | 122.18 | 33.31 |
| Nov 15, 2019 | 27.63 | — | 14.16 | 67.72 | 25.99 |
| Nov 16, 2018 | 18.71 | — | 21.46 | 91.33 | 23.66 |
| Nov 17, 2017 | 28.08 | — | 38.61 | 42.15 | 24.95 |
| Nov 18, 2016 | 28.81 | — | 37.59 | 499.87 | 22.55 |
| Nov 12, 2015 | 32.88 | — | 24.03 | 29.06 | 23.56 |
| Nov 14, 2014 | 28.27 | — | 26.12 | 47.09 | 19.19 |
| Nov 18, 2013 | 7,312.64 | — | 35.35 | 51.40 | 17.10 |
| Nov 16, 2012 | 26.20 | — | 24.45 | 35.78 | 17.64 |
| Nov 18, 2011 | 25.14 | — | 27.89 | 54.76 | 18.57 |
| Nov 22, 2010 | 24.20 | — | 42.86 | 46.04 | 15.70 |
| Nov 20, 2009 | 40.57 | — | 21.47 | 26.12 | 15.10 |
| Nov 24, 2008 | 19.66 | — | 17.74 | 21.96 | 14.02 |
| Nov 29, 2007 | 25.02 | — | 28.12 | 48.84 | 26.95 |
| Dec 14, 2006 | 48.96 | — | 27.54 | 50.83 | 15.55 |
| Dec 16, 2005 | 48.21 | — | 4.89 | 46.61 | 17.02 |
Based on: 10-K (reporting date: 2024-09-29), 10-K (reporting date: 2023-10-01), 10-K (reporting date: 2022-10-02), 10-K (reporting date: 2021-10-03), 10-K (reporting date: 2020-09-27), 10-K (reporting date: 2019-09-29), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-10-01), 10-K (reporting date: 2016-10-02), 10-K (reporting date: 2015-09-27), 10-K (reporting date: 2014-09-28), 10-K (reporting date: 2013-09-29), 10-K (reporting date: 2012-09-30), 10-K (reporting date: 2011-10-02), 10-K (reporting date: 2010-10-03), 10-K (reporting date: 2009-09-27), 10-K (reporting date: 2008-09-28), 10-K (reporting date: 2007-09-30), 10-K (reporting date: 2006-10-01), 10-K (reporting date: 2005-10-02).
Comparison to Sector (Consumer Services)
Starbucks Corp., P/E, long-term trends, comparison to sector (consumer services)
| Starbucks Corp. | Consumer Services | |
|---|---|---|
| Nov 20, 2024 | 29.62 | 30.16 |
| Nov 17, 2023 | 29.09 | 27.84 |
| Nov 18, 2022 | 34.26 | 34.32 |
| Nov 19, 2021 | 30.95 | 42.14 |
| Nov 12, 2020 | 118.26 | 360.30 |
| Nov 15, 2019 | 27.63 | 23.50 |
| Nov 16, 2018 | 18.71 | 22.35 |
| Nov 17, 2017 | 28.08 | 29.11 |
| Nov 18, 2016 | 28.81 | 28.83 |
| Nov 12, 2015 | 32.88 | 26.42 |
| Nov 14, 2014 | 28.27 | 24.14 |
| Nov 18, 2013 | 7,312.64 | 30.71 |
| Nov 16, 2012 | 26.20 | 20.75 |
| Nov 18, 2011 | 25.14 | 21.79 |
| Nov 22, 2010 | 24.20 | 19.91 |
| Nov 20, 2009 | 40.57 | 17.70 |
| Nov 24, 2008 | 19.66 | 14.65 |
| Nov 29, 2007 | 25.02 | 27.08 |
| Dec 14, 2006 | 48.96 | 20.57 |
| Dec 16, 2005 | 48.21 | 21.30 |
Based on: 10-K (reporting date: 2024-09-29), 10-K (reporting date: 2023-10-01), 10-K (reporting date: 2022-10-02), 10-K (reporting date: 2021-10-03), 10-K (reporting date: 2020-09-27), 10-K (reporting date: 2019-09-29), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-10-01), 10-K (reporting date: 2016-10-02), 10-K (reporting date: 2015-09-27), 10-K (reporting date: 2014-09-28), 10-K (reporting date: 2013-09-29), 10-K (reporting date: 2012-09-30), 10-K (reporting date: 2011-10-02), 10-K (reporting date: 2010-10-03), 10-K (reporting date: 2009-09-27), 10-K (reporting date: 2008-09-28), 10-K (reporting date: 2007-09-30), 10-K (reporting date: 2006-10-01), 10-K (reporting date: 2005-10-02).
Comparison to Industry (Consumer Discretionary)
Starbucks Corp., P/E, long-term trends, comparison to industry (consumer discretionary)
| Starbucks Corp. | Consumer Discretionary | |
|---|---|---|
| Nov 20, 2024 | 29.62 | 111.86 |
| Nov 17, 2023 | 29.09 | 33.07 |
| Nov 18, 2022 | 34.26 | 44.76 |
| Nov 19, 2021 | 30.95 | 38.75 |
| Nov 12, 2020 | 118.26 | 72.10 |
| Nov 15, 2019 | 27.63 | 39.37 |
| Nov 16, 2018 | 18.71 | 33.13 |
| Nov 17, 2017 | 28.08 | 47.03 |
| Nov 18, 2016 | 28.81 | 29.19 |
| Nov 12, 2015 | 32.88 | 24.70 |
| Nov 14, 2014 | 28.27 | 29.48 |
| Nov 18, 2013 | 7,312.64 | 26.50 |
| Nov 16, 2012 | 26.20 | 20.90 |
| Nov 18, 2011 | 25.14 | 11.38 |
| Nov 22, 2010 | 24.20 | 17.54 |
| Nov 20, 2009 | 40.57 | 18.66 |
| Nov 24, 2008 | 19.66 | 303.41 |
| Nov 29, 2007 | 25.02 | 24.33 |
| Dec 14, 2006 | 48.96 | 117.34 |
| Dec 16, 2005 | 48.21 | 17.54 |
Based on: 10-K (reporting date: 2024-09-29), 10-K (reporting date: 2023-10-01), 10-K (reporting date: 2022-10-02), 10-K (reporting date: 2021-10-03), 10-K (reporting date: 2020-09-27), 10-K (reporting date: 2019-09-29), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-10-01), 10-K (reporting date: 2016-10-02), 10-K (reporting date: 2015-09-27), 10-K (reporting date: 2014-09-28), 10-K (reporting date: 2013-09-29), 10-K (reporting date: 2012-09-30), 10-K (reporting date: 2011-10-02), 10-K (reporting date: 2010-10-03), 10-K (reporting date: 2009-09-27), 10-K (reporting date: 2008-09-28), 10-K (reporting date: 2007-09-30), 10-K (reporting date: 2006-10-01), 10-K (reporting date: 2005-10-02).