Latest Ratios: P/E Ratio 47.8x · EV/EBITDA 26.4x · ROE N/A. (1997–2026 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $120.2B | $108.5B | $95.0B | $110.9B | $105.1B | $97.6B | $130.8B | $101.5B | $109.0B | $79.3B | $78.5B |
| Enterprise Value | $138.9B | $127.2B | $118.4B | $133.4B | $126.1B | $118.6B | $147.9B | $122.4B | $117.5B | $80.0B | $80.0B |
| P/E Ratio → | 47.75 | 42.92 | 51.16 | 29.45 | 25.49 | 29.77 | 31.16 | 108.76 | 30.28 | 17.54 | 27.26 |
| P/S Ratio | 3.17 | 2.86 | 2.56 | 3.06 | 2.92 | 3.03 | 4.50 | 4.32 | 4.11 | 3.21 | 3.51 |
| P/B Ratio | — | — | — | — | — | — | — | — | — | 67.42 | 14.38 |
| P/FCF | 32.26 | 29.12 | 38.92 | 33.42 | 28.59 | 38.19 | 28.94 | 889.14 | 33.65 | 7.96 | 29.57 |
| P/OCF | 24.09 | 21.74 | 20.02 | 18.19 | 17.49 | 22.20 | 21.84 | 63.55 | 21.60 | 6.64 | 18.80 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 3.36 | 3.19 | 3.69 | 3.51 | 3.68 | 5.09 | 5.21 | 4.43 | 3.23 | 3.57 |
| EV / EBITDA | 26.44 | 24.58 | 22.13 | 19.05 | 17.23 | 19.29 | 23.13 | 39.95 | 21.26 | 15.41 | 15.37 |
| EV / EBIT | 37.63 | 29.09 | 32.06 | 24.11 | 21.19 | 25.16 | 25.39 | 76.46 | 24.50 | 13.44 | 18.13 |
| EV / FCF | — | 34.15 | 48.50 | 40.20 | 34.32 | 46.40 | 32.73 | 1072.23 | 36.27 | 8.03 | 30.12 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 67.7% | 67.7% | 24.2% | 26.8% | 27.4% | 26.0% | 28.9% | 21.5% | 28.2% | 29.6% | 30.5% |
| Operating Margin | 9.7% | 9.7% | 9.6% | 15.0% | 16.3% | 14.3% | 16.8% | 6.6% | 15.4% | 15.7% | 18.5% |
| Net Profit Margin | 6.7% | 6.7% | 5.0% | 10.4% | 11.5% | 10.2% | 14.5% | 3.9% | 13.6% | 18.3% | 12.9% |
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | — | — | — | — | — | — | — | — | — | 136.2% | 50.8% |
| ROA | 8.4% | 8.4% | 5.9% | 12.4% | 14.4% | 11.1% | 13.8% | 3.8% | 16.6% | 23.5% | 20.1% |
| ROIC | 21.0% | 21.0% | 17.7% | 28.8% | 34.7% | 28.7% | 29.3% | 15.3% | 148.9% | 66.3% | 43.4% |
| ROCE | 18.4% | 18.4% | 16.2% | 25.5% | 30.2% | 22.0% | 21.5% | 8.9% | 25.9% | 27.1% | 41.5% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | — | — | — | — | — | — | — | — | — | 8.03 | 0.72 |
| Debt / EBITDA | 4.33 | 4.33 | 4.97 | 3.69 | 3.36 | 3.87 | 3.69 | 8.24 | 2.02 | 1.82 | 0.76 |
| Net Debt / Equity | — | — | — | — | — | — | — | — | — | 0.58 | 0.27 |
| Net Debt / EBITDA | 3.62 | 3.62 | 4.37 | 3.22 | 2.88 | 3.41 | 2.68 | 6.82 | 1.53 | 0.13 | 0.28 |
| Debt / FCF | — | 5.03 | 9.58 | 6.79 | 5.73 | 8.21 | 3.79 | 183.08 | 2.62 | 0.07 | 0.55 |
| Interest Coverage | 8.23 | 8.23 | 6.81 | 9.84 | 10.82 | 9.76 | 12.40 | 3.66 | 14.49 | 34.94 | 47.68 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.76 | 0.76 | 0.72 | 0.75 | 0.78 | 0.77 | 1.20 | 1.06 | 0.92 | 2.20 | 1.25 |
| Quick Ratio | 0.54 | 0.54 | 0.51 | 0.56 | 0.59 | 0.53 | 1.00 | 0.85 | 0.67 | 1.95 | 0.93 |
| Cash Ratio | 0.38 | 0.38 | 0.34 | 0.39 | 0.42 | 0.35 | 0.81 | 0.63 | 0.45 | 1.57 | 0.64 |
| Asset Turnover | — | 1.34 | 1.16 | 1.15 | 1.22 | 1.15 | 0.93 | 0.80 | 1.38 | 1.02 | 1.56 |
| Inventory Turnover | 5.45 | 5.45 | 12.90 | 14.89 | 14.46 | 10.97 | 12.89 | 11.90 | 12.44 | 12.43 | 11.40 |
| Days Sales Outstanding | — | 11.34 | 12.54 | 12.25 | 12.01 | 13.30 | 14.23 | 21.66 | 12.11 | 10.23 | 14.19 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 2.3% | 2.6% | 2.9% | 2.3% | 2.3% | 2.3% | 1.6% | 1.9% | 1.6% | 2.2% | 1.8% |
| Payout Ratio | 111.8% | 111.8% | 149.3% | 68.7% | 59.0% | 69.0% | 50.5% | 207.2% | 48.9% | 38.6% | 50.3% |
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 2.1% | 2.3% | 2.0% | 3.4% | 3.9% | 3.4% | 3.2% | 0.9% | 3.3% | 5.7% | 3.7% |
| FCF Yield | 3.1% | 3.4% | 2.6% | 3.0% | 3.5% | 2.6% | 3.5% | 0.1% | 3.0% | 12.6% | 3.4% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 1.1% | 0.9% | 4.1% | 0.0% | 1.7% | 9.4% | 9.0% | 2.6% |
| Total Shareholder Yield | 2.3% | 2.6% | 2.9% | 3.5% | 3.3% | 6.4% | 1.6% | 3.6% | 11.0% | 11.2% | 4.4% |
| Shares Outstanding | — | $1.1B | $1.1B | $1.1B | $1.2B | $1.2B | $1.2B | $1.2B | $1.2B | $1.4B | $1.5B |
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying SBUX stock.
Starbucks Corporation's current P/E ratio is 47.8x. The historical average is 47.6x. This places it at the 71th percentile of its historical range.
Starbucks Corporation's current EV/EBITDA is 26.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 18.0x.
Based on historical data, Starbucks Corporation is trading at a P/E of 47.8x. This is at the 71th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Starbucks Corporation's current dividend yield is 2.34% with a payout ratio of 111.8%.
Starbucks Corporation has 67.7% gross margin and 9.7% operating margin.
Starbucks Corporation's Debt/EBITDA ratio is 4.3x, indicating high leverage. A ratio above 4x may signal elevated financial risk.
Key Metrics
Top Statement Risk
Negative equity with heavy leverage
Metrics are mathematically derived from official filings.
Premium Multiples Price in Turnaround Recovery
Based on reported figures, SBUX trades at a trailing P/E of 65.13 and a forward P/E of 33.43, implying the market is capitalizing a sharp earnings recovery rather than current profitability, with a PEG of 4.18 signaling growth expectations that look demanding.
The gap between trailing and forward P/E suggests investors are underwriting substantial earnings normalization over the next year, which would only be validated if the Q3 beat and raised guidance translate into sustained margin recovery. Relative to peers, the 33.43 forward P/E sits well above MCD at 23.27 and above the group median, meaning the stock prices in a growth profile that the restaurant peer set does not clearly support. Investors should monitor whether forward EPS revisions keep pace with the multiple, since a PEG above 4 leaves little margin for error if traffic or China trends disappoint.
Margin Recovery Reflects Classification Effects
As reported in quarterly statements, SBUX gross margin swung from 15.6% in 2026Q1 to 68.0% in 2026Q4 while operating margin held near 8% to 11%, a pattern that suggests the gross margin series reflects cost classification changes more than underlying pricing power.
The operating margin range of roughly 6.9% to 16.7% across the ten quarters is a more reliable gauge of earning power than the gross line, which appears distorted by how cost of goods sold is classified between periods. The current 10.8% operating margin remains well below the 16.7% peak in 2024Q3 and the 46.1% reported by McDonald's, indicating structurally weaker operating leverage. Net margin of 7.4% in the latest quarter is flattered by non-operating items and should be treated cautiously until the earnings quality question is resolved.
ROIC Compresses Below Earlier Peak Levels
Based on reported figures, SBUX ROIC fell from 8.1% in 2024Q3 to 6.6% in 2026Q4 with a trough of 3.2% in 2026Q2, suggesting returns on invested capital have decayed since the earlier period despite a partial recovery.
With ROE not meaningfully calculable given the deficit equity base, ROIC is the more informative return measure, and its decline from 8.1% to a 3.2% trough points to capital being deployed at lower returns over the period. The recovery to 6.6% in the latest quarter is encouraging but still sits below the earlier level, implying that margin compression rather than capital efficiency is the main driver. Investors should monitor whether ROIC can re-expand above 8% as store-level throughput improves.
Interest Coverage Holds Despite Heavy Debt
According to reported quarterly figures, SBUX interest coverage moved from 9.53x in 2024Q4 to 8.70x in 2026Q4, while debt-to-EBITDA ranged from 15.10x to 24.98x, indicating debt service remains serviceable but leverage relative to earnings is elevated.
Interest coverage has compressed modestly from its earlier peak of 10.94x, yet remains comfortably above typical distress thresholds, suggesting the debt burden is manageable on a servicing basis. The debt-to-EBITDA trajectory, however, shows a leverage profile that is high by restaurant sector standards and that depends on continued EBITDA stability. Investors should monitor refinancing exposure and whether the reduction in total debt from $33.5B to $22.4B is sustained, while recognizing that lease obligations are not captured in these reported debt figures.
Turnaround Thesis Rests on Thin Evidence
Based on reported figures, the bullish case depends on a single earnings beat and a 33.43 forward P/E, while China same-store sales weakness and rising labor costs could cap margin recovery and undermine the raised guidance.
The valuation and recovery narrative assumes that one quarter of outperformance marks a durable inflection, yet ROIC has only partly recovered and operating margin remains below its 2024 peak. Unionization pressure and sustained negative China comparable sales could permanently raise the cost base and erode the 10.8% operating margin the market is pricing against. Investors should treat the ratio improvement as provisional and monitor whether operating margin and ROIC re-expand over several consecutive quarters before accepting the premium multiple.