Stock Analysis on Net

Starbucks Corp. (NASDAQ:SBUX)

$24.99

Price to Operating Profit (P/OP)
since 2005

Microsoft Excel

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Calculation

Starbucks Corp., P/OP, long-term trends, calculation

Microsoft Excel

Based on: 10-K (reporting date: 2025-09-28), 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 financial data reveals several important trends over the observed periods. The share price demonstrated volatility in the initial years, notably declining to a low point followed by a generally upward trajectory, reaching peaks around 2021 before experiencing moderate declines in subsequent years. The operating profit per share showed fluctuations, including periods of decline and recovery, with a notable dip around 2013 followed by consistent growth until peaking in 2023 and then decreasing thereafter.

The Price to Operating Profit (P/OP) ratio fluctuated significantly throughout the timeline. Early values reflected high ratios during periods of lower operating profit per share. There were intervals with missing data which complicate continuous analysis. After 2014, the ratio generally stabilized with some spikes, the most significant one occurring in 2020, indicating a disproportionate increase in share price relative to operating profits that year. Post-2020, the P/OP ratio declined but then showed some increase again towards the latest periods, signaling changing market expectations or profit realizations.

Share Price Trends
The share price started at moderate levels, experienced a sharp decline around 2008, and subsequently increased sharply up to 2021. There was some correction afterward, with the price declining but remaining significantly higher than at the beginning of the period.
Operating Profit per Share Trends
Operating profit per share mirrored some of the share price volatility but with unique patterns including a significant negative figure in 2013, which suggests an operational or accounting anomaly. After 2013, the metric improved substantially, reaching new highs by 2023 before declining in the most recent periods.
P/OP Ratio Insights
The P/OP ratio varied widely, reflecting changes in profitability relative to share price. High ratios in early periods correspond to either high share prices or low profits per share. The extreme spike in the P/OP ratio in 2020 likely reflects market conditions such as elevated share prices during reduced profits, possibly linked to external economic or industry-specific events. The ratio's movement hints at fluctuating investor sentiment and risk perceptions over time.

Overall, the data indicates a company experiencing significant operational challenges at certain points, followed by recovery and growth phases. Market valuation fluctuates in response, reflecting changes in profitability and broader economic factors. The patterns observed suggest that investor confidence and underlying financial performance have both played considerable roles in shaping the share price dynamics across the analyzed years.


Comparison to Competitors

Starbucks Corp., P/OP, long-term trends, comparison to competitors

Microsoft Excel

Based on: 10-K (reporting date: 2025-09-28), 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).