Stock Analysis on Net
Stock Analysis on Net

Starbucks Corp. (NASDAQ:SBUX)

Common Stock Valuation Ratios (Price Multiples)
Quarterly Data

Beginner level

Valuation ratios measure the quantity of an asset or flaw (e.g., earnings) associated with ownership of a specified claim (e.g., a share of ownership of the enterprise).


Historical Valuation Ratios (Summary)

Starbucks Corp., historical price multiples (quarterly data)

Microsoft Excel LibreOffice Calc
Dec 27, 2020 Sep 27, 2020 Jun 28, 2020 Mar 29, 2020 Dec 29, 2019 Sep 29, 2019 Jun 30, 2019 Mar 31, 2019 Dec 30, 2018 Sep 30, 2018 Jul 1, 2018 Apr 1, 2018 Dec 31, 2017 Oct 1, 2017 Jul 2, 2017 Apr 2, 2017 Jan 1, 2017 Oct 2, 2016 Jun 26, 2016 Mar 27, 2016 Dec 27, 2015 Sep 27, 2015 Jun 28, 2015 Mar 29, 2015 Dec 28, 2014
Price to earnings (P/E) 185.40 118.26 65.20 27.12 27.92 27.63 32.57 31.03 27.53 18.71 15.53 18.27 18.22 28.08 27.28 29.60 27.93 28.81 31.78 33.26 35.19 32.88
Price to operating profit (P/OP) 98.18 70.29 41.82 23.50 24.29 24.39 29.28 24.32 22.04 21.78 17.90 20.28 19.39 19.59 18.21 20.29 18.95 19.46 21.68 22.08 23.14 25.18
Price to sales (P/S) 5.32 4.67 3.63 3.45 3.86 3.75 4.44 3.68 3.30 3.42 2.93 3.42 3.51 3.62 3.53 3.99 3.71 3.81 4.13 4.19 4.39 4.73
Price to book value (P/BV) 72.30 17.71 17.03 13.88 14.86 13.52 15.63 13.88 13.79 14.83 16.60 14.48 15.59 14.48 12.64 11.47

Based on: 10-Q (filing date: 2021-01-26), 10-K (filing date: 2020-11-12), 10-Q (filing date: 2020-07-28), 10-Q (filing date: 2020-04-28), 10-Q (filing date: 2020-01-28), 10-K (filing date: 2019-11-15), 10-Q (filing date: 2019-07-30), 10-Q (filing date: 2019-04-30), 10-Q (filing date: 2019-01-29), 10-K (filing date: 2018-11-16), 10-Q (filing date: 2018-07-31), 10-Q (filing date: 2018-05-01), 10-Q (filing date: 2018-01-31), 10-K (filing date: 2017-11-17), 10-Q (filing date: 2017-08-01), 10-Q (filing date: 2017-05-02), 10-Q (filing date: 2017-01-31), 10-K (filing date: 2016-11-18), 10-Q (filing date: 2016-07-27), 10-Q (filing date: 2016-04-26), 10-Q (filing date: 2016-01-26), 10-K (filing date: 2015-11-12), 10-Q (filing date: 2015-07-28), 10-Q (filing date: 2015-04-28), 10-Q (filing date: 2015-01-27).

Valuation ratio Description The company
P/E ratio The P/E ratio tells analyst how much an investor in common stock pays per dollar of current earnings. Starbucks Corp.’s P/E ratio increased from Q3 2020 to Q4 2020 and from Q4 2020 to Q1 2021.
P/OP ratio Because P/E ratio is calculated using net income, the ratio can be sensitive to nonrecurring earnings and capital structure, analysts may use price to operating profit. Starbucks Corp.’s P/OP ratio increased from Q3 2020 to Q4 2020 and from Q4 2020 to Q1 2021.
P/S ratio An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. Starbucks Corp.’s P/S ratio increased from Q3 2020 to Q4 2020 and from Q4 2020 to Q1 2021.

Price to Earnings (P/E)

Starbucks Corp., historical P/E calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Dec 27, 2020 Sep 27, 2020 Jun 28, 2020 Mar 29, 2020 Dec 29, 2019 Sep 29, 2019 Jun 30, 2019 Mar 31, 2019 Dec 30, 2018 Sep 30, 2018 Jul 1, 2018 Apr 1, 2018 Dec 31, 2017 Oct 1, 2017 Jul 2, 2017 Apr 2, 2017 Jan 1, 2017 Oct 2, 2016 Jun 26, 2016 Mar 27, 2016 Dec 27, 2015 Sep 27, 2015 Jun 28, 2015 Mar 29, 2015 Dec 28, 2014
No. shares of common stock outstanding1 1,177,300,000 1,173,700,000 1,169,000,000 1,168,300,000 1,173,700,000 1,181,000,000 1,197,000,000 1,211,200,000 1,243,600,000 1,240,600,000 1,349,100,000 1,380,000,000 1,405,600,000 1,422,800,000 1,443,900,000 1,448,100,000 1,457,400,000 1,455,400,000 1,466,600,000 1,464,900,000 1,478,100,000 1,484,800,000 1,484,200,000 1,500,500,000 1,499,600,000
Selected Financial Data (US$)
Net earnings (loss) attributable to Starbucks (in thousands) 622,200  392,600  (678,400) 328,400  885,700  802,600  1,372,800  663,200  760,600  755,500  852,500  660,100  2,250,200  788,500  691,600  652,800  751,800  800,900  754,100  575,100  687,600  652,700  626,700  494,900  983,100 
Earnings per share (EPS)2 0.56 0.79 1.14 2.90 3.17 3.05 2.97 2.50 2.44 3.64 3.37 3.18 3.12 2.03 2.01 2.04 1.98 1.94 1.82 1.74 1.67 1.86 0.00 0.00 0.00
Share price1, 3 104.69 93.53 74.64 78.69 88.60 84.21 96.65 77.68 67.04 68.16 52.39 58.13 56.81 56.93 54.73 60.50 55.22 55.77 57.85 57.72 58.61 61.07 57.14 50.61 44.17
Valuation Ratio
P/E ratio4 185.40 118.26 65.20 27.12 27.92 27.63 32.57 31.03 27.53 18.71 15.53 18.27 18.22 28.08 27.28 29.60 27.93 28.81 31.78 33.26 35.19 32.88
Benchmarks
P/E Ratio, Competitors5
Booking Holdings Inc. 51.91 28.20 17.38 14.16 17.84 18.63 18.08 21.46 31.00 33.54 42.21 39.30 22.48 42.67 42.38 37.59 37.17 25.31 23.99 24.03
McDonald’s Corp. 33.31 32.26 31.84 23.20 25.99 24.21 27.57 25.73 23.66 25.89 22.11 24.17 24.95 23.56 24.71 24.61 22.55

Based on: 10-Q (filing date: 2021-01-26), 10-K (filing date: 2020-11-12), 10-Q (filing date: 2020-07-28), 10-Q (filing date: 2020-04-28), 10-Q (filing date: 2020-01-28), 10-K (filing date: 2019-11-15), 10-Q (filing date: 2019-07-30), 10-Q (filing date: 2019-04-30), 10-Q (filing date: 2019-01-29), 10-K (filing date: 2018-11-16), 10-Q (filing date: 2018-07-31), 10-Q (filing date: 2018-05-01), 10-Q (filing date: 2018-01-31), 10-K (filing date: 2017-11-17), 10-Q (filing date: 2017-08-01), 10-Q (filing date: 2017-05-02), 10-Q (filing date: 2017-01-31), 10-K (filing date: 2016-11-18), 10-Q (filing date: 2016-07-27), 10-Q (filing date: 2016-04-26), 10-Q (filing date: 2016-01-26), 10-K (filing date: 2015-11-12), 10-Q (filing date: 2015-07-28), 10-Q (filing date: 2015-04-28), 10-Q (filing date: 2015-01-27).

1 Data adjusted for splits and stock dividends.

2 Q1 2021 Calculation
EPS = (Net earnings (loss) attributable to StarbucksQ1 2021 + Net earnings (loss) attributable to StarbucksQ4 2020 + Net earnings (loss) attributable to StarbucksQ3 2020 + Net earnings (loss) attributable to StarbucksQ2 2020) ÷ No. shares of common stock outstanding
= (622,200,000 + 392,600,000 + -678,400,000 + 328,400,000) ÷ 1,177,300,000 = 0.56

3 Closing price as at the filing date of Starbucks Corp.’s Quarterly or Annual Report.

4 Q1 2021 Calculation
P/E ratio = Share price ÷ EPS
= 104.69 ÷ 0.56 = 185.40

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/E ratio The P/E ratio tells analyst how much an investor in common stock pays per dollar of current earnings. Starbucks Corp.’s P/E ratio increased from Q3 2020 to Q4 2020 and from Q4 2020 to Q1 2021.

Price to Operating Profit (P/OP)

Starbucks Corp., historical P/OP calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Dec 27, 2020 Sep 27, 2020 Jun 28, 2020 Mar 29, 2020 Dec 29, 2019 Sep 29, 2019 Jun 30, 2019 Mar 31, 2019 Dec 30, 2018 Sep 30, 2018 Jul 1, 2018 Apr 1, 2018 Dec 31, 2017 Oct 1, 2017 Jul 2, 2017 Apr 2, 2017 Jan 1, 2017 Oct 2, 2016 Jun 26, 2016 Mar 27, 2016 Dec 27, 2015 Sep 27, 2015 Jun 28, 2015 Mar 29, 2015 Dec 28, 2014
No. shares of common stock outstanding1 1,177,300,000 1,173,700,000 1,169,000,000 1,168,300,000 1,173,700,000 1,181,000,000 1,197,000,000 1,211,200,000 1,243,600,000 1,240,600,000 1,349,100,000 1,380,000,000 1,405,600,000 1,422,800,000 1,443,900,000 1,448,100,000 1,457,400,000 1,455,400,000 1,466,600,000 1,464,900,000 1,478,100,000 1,484,800,000 1,484,200,000 1,500,500,000 1,499,600,000
Selected Financial Data (US$)
Operating income (loss) (in thousands) 913,500  558,400  (703,900) 487,400  1,219,800  1,083,200  1,121,300  857,700  1,015,700  956,500  1,038,200  772,500  1,116,100  1,022,500  1,044,200  935,400  1,132,600  1,227,400  1,022,300  864,200  1,058,000  969,400  938,600  777,500  915,500 
Operating profit per share2 1.07 1.33 1.78 3.35 3.65 3.45 3.30 3.19 3.04 3.13 2.93 2.87 2.93 2.91 3.01 2.98 2.91 2.87 2.67 2.61 2.53 2.43 0.00 0.00 0.00
Share price1, 3 104.69 93.53 74.64 78.69 88.60 84.21 96.65 77.68 67.04 68.16 52.39 58.13 56.81 56.93 54.73 60.50 55.22 55.77 57.85 57.72 58.61 61.07 57.14 50.61 44.17
Valuation Ratio
P/OP ratio4 98.18 70.29 41.82 23.50 24.29 24.39 29.28 24.32 22.04 21.78 17.90 20.28 19.39 19.59 18.21 20.29 18.95 19.46 21.68 22.08 23.14 25.18
Benchmarks
P/OP Ratio, Competitors5
Booking Holdings Inc. 104.35 26.09 13.19 12.89 14.57 14.91 14.55 16.06 16.72 18.30 22.33 20.27 18.49 32.71 32.25 27.61 26.33 19.60 18.43 18.81
McDonald’s Corp. 21.51 21.26 20.65 15.53 17.27 16.19 18.51 17.23 15.89 15.03 12.52 13.39 13.56 14.29 14.88 14.70 13.65

Based on: 10-Q (filing date: 2021-01-26), 10-K (filing date: 2020-11-12), 10-Q (filing date: 2020-07-28), 10-Q (filing date: 2020-04-28), 10-Q (filing date: 2020-01-28), 10-K (filing date: 2019-11-15), 10-Q (filing date: 2019-07-30), 10-Q (filing date: 2019-04-30), 10-Q (filing date: 2019-01-29), 10-K (filing date: 2018-11-16), 10-Q (filing date: 2018-07-31), 10-Q (filing date: 2018-05-01), 10-Q (filing date: 2018-01-31), 10-K (filing date: 2017-11-17), 10-Q (filing date: 2017-08-01), 10-Q (filing date: 2017-05-02), 10-Q (filing date: 2017-01-31), 10-K (filing date: 2016-11-18), 10-Q (filing date: 2016-07-27), 10-Q (filing date: 2016-04-26), 10-Q (filing date: 2016-01-26), 10-K (filing date: 2015-11-12), 10-Q (filing date: 2015-07-28), 10-Q (filing date: 2015-04-28), 10-Q (filing date: 2015-01-27).

1 Data adjusted for splits and stock dividends.

2 Q1 2021 Calculation
Operating profit per share = (Operating income (loss)Q1 2021 + Operating income (loss)Q4 2020 + Operating income (loss)Q3 2020 + Operating income (loss)Q2 2020) ÷ No. shares of common stock outstanding
= (913,500,000 + 558,400,000 + -703,900,000 + 487,400,000) ÷ 1,177,300,000 = 1.07

3 Closing price as at the filing date of Starbucks Corp.’s Quarterly or Annual Report.

4 Q1 2021 Calculation
P/OP ratio = Share price ÷ Operating profit per share
= 104.69 ÷ 1.07 = 98.18

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/OP ratio Because P/E ratio is calculated using net income, the ratio can be sensitive to nonrecurring earnings and capital structure, analysts may use price to operating profit. Starbucks Corp.’s P/OP ratio increased from Q3 2020 to Q4 2020 and from Q4 2020 to Q1 2021.

Price to Sales (P/S)

Starbucks Corp., historical P/S calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Dec 27, 2020 Sep 27, 2020 Jun 28, 2020 Mar 29, 2020 Dec 29, 2019 Sep 29, 2019 Jun 30, 2019 Mar 31, 2019 Dec 30, 2018 Sep 30, 2018 Jul 1, 2018 Apr 1, 2018 Dec 31, 2017 Oct 1, 2017 Jul 2, 2017 Apr 2, 2017 Jan 1, 2017 Oct 2, 2016 Jun 26, 2016 Mar 27, 2016 Dec 27, 2015 Sep 27, 2015 Jun 28, 2015 Mar 29, 2015 Dec 28, 2014
No. shares of common stock outstanding1 1,177,300,000 1,173,700,000 1,169,000,000 1,168,300,000 1,173,700,000 1,181,000,000 1,197,000,000 1,211,200,000 1,243,600,000 1,240,600,000 1,349,100,000 1,380,000,000 1,405,600,000 1,422,800,000 1,443,900,000 1,448,100,000 1,457,400,000 1,455,400,000 1,466,600,000 1,464,900,000 1,478,100,000 1,484,800,000 1,484,200,000 1,500,500,000 1,499,600,000
Selected Financial Data (US$)
Net revenues (in thousands) 6,749,400  6,203,100  4,222,100  5,995,700  7,097,100  6,747,000  6,823,000  6,305,900  6,632,700  6,303,700  6,310,300  6,031,800  6,073,700  5,698,400  5,661,500  5,294,000  5,732,900  5,711,200  5,238,000  4,993,200  5,373,500  4,914,800  4,881,200  4,563,500  4,803,200 
Sales per share2 19.68 20.04 20.58 22.82 22.98 22.45 21.78 21.10 20.33 19.93 17.87 17.00 16.17 15.73 15.51 15.18 14.87 14.65 13.99 13.76 13.35 12.91 0.00 0.00 0.00
Share price1, 3 104.69 93.53 74.64 78.69 88.60 84.21 96.65 77.68 67.04 68.16 52.39 58.13 56.81 56.93 54.73 60.50 55.22 55.77 57.85 57.72 58.61 61.07 57.14 50.61 44.17
Valuation Ratio
P/S ratio4 5.32 4.67 3.63 3.45 3.86 3.75 4.44 3.68 3.30 3.42 2.93 3.42 3.51 3.62 3.53 3.99 3.71 3.81 4.13 4.19 4.39 4.73
Benchmarks
P/S Ratio, Competitors5
Booking Holdings Inc. 8.14 6.35 4.07 4.57 5.18 5.25 5.21 5.91 6.14 6.73 7.98 7.25 6.56 8.75 8.53 7.47 7.03 6.85 6.53 6.65
McDonald’s Corp. 8.20 8.26 7.89 6.46 7.43 6.80 7.81 7.25 6.67 6.36 5.59 5.81 5.68 5.70 5.19 4.82 4.29

Based on: 10-Q (filing date: 2021-01-26), 10-K (filing date: 2020-11-12), 10-Q (filing date: 2020-07-28), 10-Q (filing date: 2020-04-28), 10-Q (filing date: 2020-01-28), 10-K (filing date: 2019-11-15), 10-Q (filing date: 2019-07-30), 10-Q (filing date: 2019-04-30), 10-Q (filing date: 2019-01-29), 10-K (filing date: 2018-11-16), 10-Q (filing date: 2018-07-31), 10-Q (filing date: 2018-05-01), 10-Q (filing date: 2018-01-31), 10-K (filing date: 2017-11-17), 10-Q (filing date: 2017-08-01), 10-Q (filing date: 2017-05-02), 10-Q (filing date: 2017-01-31), 10-K (filing date: 2016-11-18), 10-Q (filing date: 2016-07-27), 10-Q (filing date: 2016-04-26), 10-Q (filing date: 2016-01-26), 10-K (filing date: 2015-11-12), 10-Q (filing date: 2015-07-28), 10-Q (filing date: 2015-04-28), 10-Q (filing date: 2015-01-27).

1 Data adjusted for splits and stock dividends.

2 Q1 2021 Calculation
Sales per share = (Net revenuesQ1 2021 + Net revenuesQ4 2020 + Net revenuesQ3 2020 + Net revenuesQ2 2020) ÷ No. shares of common stock outstanding
= (6,749,400,000 + 6,203,100,000 + 4,222,100,000 + 5,995,700,000) ÷ 1,177,300,000 = 19.68

3 Closing price as at the filing date of Starbucks Corp.’s Quarterly or Annual Report.

4 Q1 2021 Calculation
P/S ratio = Share price ÷ Sales per share
= 104.69 ÷ 19.68 = 5.32

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/S ratio An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. Starbucks Corp.’s P/S ratio increased from Q3 2020 to Q4 2020 and from Q4 2020 to Q1 2021.

Price to Book Value (P/BV)

Starbucks Corp., historical P/BV calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Dec 27, 2020 Sep 27, 2020 Jun 28, 2020 Mar 29, 2020 Dec 29, 2019 Sep 29, 2019 Jun 30, 2019 Mar 31, 2019 Dec 30, 2018 Sep 30, 2018 Jul 1, 2018 Apr 1, 2018 Dec 31, 2017 Oct 1, 2017 Jul 2, 2017 Apr 2, 2017 Jan 1, 2017 Oct 2, 2016 Jun 26, 2016 Mar 27, 2016 Dec 27, 2015 Sep 27, 2015 Jun 28, 2015 Mar 29, 2015 Dec 28, 2014
No. shares of common stock outstanding1 1,177,300,000 1,173,700,000 1,169,000,000 1,168,300,000 1,173,700,000 1,181,000,000 1,197,000,000 1,211,200,000 1,243,600,000 1,240,600,000 1,349,100,000 1,380,000,000 1,405,600,000 1,422,800,000 1,443,900,000 1,448,100,000 1,457,400,000 1,455,400,000 1,466,600,000 1,464,900,000 1,478,100,000 1,484,800,000 1,484,200,000 1,500,500,000 1,499,600,000
Selected Financial Data (US$)
Shareholders’ equity (deficit) (in thousands) (7,909,700) (7,805,100) (8,621,600) (7,530,100) (6,759,900) (6,232,200) (4,320,600) (5,036,900) (2,884,900) 1,169,500  3,990,700  4,711,200  5,752,100  5,450,100  5,843,400  5,605,000  5,796,600  5,884,000  5,721,800  5,094,600  5,981,500  5,818,000  5,856,500  6,008,700  5,775,400 
Book value per share (BVPS)2 -6.72 -6.65 -7.38 -6.45 -5.76 -5.28 -3.61 -4.16 -2.32 0.94 2.96 3.41 4.09 3.83 4.05 3.87 3.98 4.04 3.90 3.48 4.05 3.92 3.95 4.00 3.85
Share price1, 3 104.69 93.53 74.64 78.69 88.60 84.21 96.65 77.68 67.04 68.16 52.39 58.13 56.81 56.93 54.73 60.50 55.22 55.77 57.85 57.72 58.61 61.07 57.14 50.61 44.17
Valuation Ratio
P/BV ratio4 72.30 17.71 17.03 13.88 14.86 13.52 15.63 13.88 13.79 14.83 16.60 14.48 15.59 14.48 12.64 11.47
Benchmarks
P/BV Ratio, Competitors5
Booking Holdings Inc. 14.74 17.94 15.43 11.61 13.01 14.59 10.87 9.77 8.71 8.80 9.89 8.17 6.23 8.67 8.69 8.17 7.45 7.25 6.87 6.97 7.66 8.01 7.29
McDonald’s Corp. 157.74 29.67

Based on: 10-Q (filing date: 2021-01-26), 10-K (filing date: 2020-11-12), 10-Q (filing date: 2020-07-28), 10-Q (filing date: 2020-04-28), 10-Q (filing date: 2020-01-28), 10-K (filing date: 2019-11-15), 10-Q (filing date: 2019-07-30), 10-Q (filing date: 2019-04-30), 10-Q (filing date: 2019-01-29), 10-K (filing date: 2018-11-16), 10-Q (filing date: 2018-07-31), 10-Q (filing date: 2018-05-01), 10-Q (filing date: 2018-01-31), 10-K (filing date: 2017-11-17), 10-Q (filing date: 2017-08-01), 10-Q (filing date: 2017-05-02), 10-Q (filing date: 2017-01-31), 10-K (filing date: 2016-11-18), 10-Q (filing date: 2016-07-27), 10-Q (filing date: 2016-04-26), 10-Q (filing date: 2016-01-26), 10-K (filing date: 2015-11-12), 10-Q (filing date: 2015-07-28), 10-Q (filing date: 2015-04-28), 10-Q (filing date: 2015-01-27).

1 Data adjusted for splits and stock dividends.

2 Q1 2021 Calculation
BVPS = Shareholders’ equity (deficit) ÷ No. shares of common stock outstanding
= -7,909,700,000 ÷ 1,177,300,000 = -6.72

3 Closing price as at the filing date of Starbucks Corp.’s Quarterly or Annual Report.

4 Q1 2021 Calculation
P/BV ratio = Share price ÷ BVPS
= 104.69 ÷ -6.72 =

5 Click competitor name to see calculations.