Stock Analysis on Net

Starbucks Corp. (NASDAQ:SBUX)

$24.99

Enterprise Value (EV)

Microsoft Excel

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Current Enterprise Value (EV)

Starbucks Corp., current enterprise value calculation

Microsoft Excel
Current share price (P)
No. shares of common stock outstanding
US$ in thousands
Common equity (market value)1
Add: Noncontrolling interests (per books)
Total equity
Add: Current portion of long-term debt (per books)
Add: Long-term debt, excluding current portion (per books)
Total equity and debt
Less: Cash and cash equivalents
Less: Short-term investments
Enterprise value (EV)

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

1 Common equity (market value) = Share price × No. shares of common stock outstanding
= ×


Historical Enterprise Value (EV)

Starbucks Corp., EV calculation

Microsoft Excel
Sep 28, 2025 Sep 29, 2024 Oct 1, 2023 Oct 2, 2022 Oct 3, 2021 Sep 27, 2020
Share price1, 2
No. shares of common stock outstanding1
US$ in thousands
Common equity (market value)3
Add: Noncontrolling interests (book value)
Total equity
Add: Current portion of long-term debt (book value)
Add: Long-term debt, excluding current portion (book value)
Total equity and debt
Less: Cash and cash equivalents
Less: Short-term investments
Enterprise value (EV)

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).

1 Data adjusted for splits and stock dividends.

2 Closing price as at the filing date of Starbucks Corp. Annual Report.

3 2025 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= ×


Equity Trends
Over the observed periods, both common equity (market value) and total equity exhibited a similar pattern. Initially, there was a growth phase from 2020 to 2021, with common equity increasing from approximately 109.78 billion US dollars to nearly 130 billion US dollars, followed by a decline in subsequent years. By 2025, common equity decreased to about 96.4 billion US dollars, representing a significant reduction from the 2021 peak. Total equity followed the same trajectory, indicating consistent valuation and reporting between these two metrics.
Total Equity and Debt
The combined total equity and debt showed a parallel trend to equity alone but at higher absolute values. There was an increase from around 125.7 billion US dollars in 2020 to approximately 144.6 billion US dollars in 2021. After 2021, a downward trend became evident, reaching roughly 112.5 billion US dollars in 2025. This decline suggests a reduction in the overall capital structure, whether through repaying debt, equity decreases, or a combination of both.
Enterprise Value (EV)
Enterprise value followed a congruent trend with total equity and debt, rising from about 121.1 billion US dollars in 2020 to nearly 138 billion US dollars in 2021 before declining steadily thereafter. By 2025, EV had fallen to approximately 109 billion US dollars. The consistency between EV and total equity and debt indicates that market perceptions of the company's valuation and its underlying capital structure moved in close alignment throughout the period.
Overall Analysis
The analysis reveals a clear peak in market valuation and capital resources around 2021, followed by gradual declines through 2025 across all key financial metrics. This pattern may imply challenges in maintaining growth or external factors influencing market capitalization and the firm's financing decisions. Further exploration would be required to determine whether these changes stem from operational performance, market conditions, or strategic financial management.