Stock Analysis on Net

Starbucks Corp. (NASDAQ:SBUX)

$24.99

Price to Sales (P/S)
since 2005

Microsoft Excel

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Calculation

Starbucks Corp., P/S, 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 presents several notable trends in the share price, sales per share, and price-to-sales (P/S) ratio over a period spanning from 2005 to 2025. The analysis focuses on the development and fluctuations across these key metrics.

Share Price
The share price showed significant volatility during the period. It started at $15.60 in 2005 and reached a low point of $4.23 in 2008, coinciding with the global financial crisis. Subsequently, there was a strong recovery and sustained growth, peaking at $110.78 in 2021. After this peak, the price experienced fluctuations with a decline to $84.78 projected for 2025. Overall, the share price exhibits a general upward trend with pronounced cyclical variations.
Sales per Share
Sales per share demonstrated a consistent upward trajectory over the years. From $4.17 in 2005, sales per share increased steadily to $32.70 by 2025. There was a slight dip in 2020 to $20.04, likely related to external economic pressures, but the metric rebounded strongly in subsequent years. The growth in sales per share indicates improving revenue-generating capability on a per-share basis.
Price-to-Sales (P/S) Ratio
The P/S ratio experienced considerable fluctuation during the analyzed period. It declined sharply from 3.74 in 2005 to a low of 0.60 in 2008, reflecting a sharp drop in share price relative to sales during the economic downturn. After 2008, the ratio climbed again, reaching a high of 4.73 in 2015. Since then, the ratio gradually decreased to a projected 2.59 in 2025, suggesting that the market valuation became more conservative relative to sales in recent years despite growth in sales per share.
Overall Insights
The data reveals resilience and growth in sales per share despite economic cycles. The share price, while generally reflecting positive long-term growth, is subject to market volatility with sharp declines occurring during economic crises. The P/S ratio’s fluctuation indicates changing market sentiment and valuation norms over time, with recent years showing a moderation in valuation multiples despite strong sales growth. This suggests increased investor caution or a market adjustment in expectations.

Comparison to Competitors

Starbucks Corp., P/S, 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).


Comparison to Sector (Consumer Services)


Comparison to Industry (Consumer Discretionary)