Question 1

What is Starbucks's P/FCF ratio?

Accepted Answer

Starbucks (SBUX) P/FCF ratio is 43.6× as of July 22, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month free cash flow, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/FCF ratio calculated?

Accepted Answer

P/FCF = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Free Cash Flow, where Free Cash Flow = Operating Cash Flow − Capital Expenditures. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/FCF ratio?

Accepted Answer

The price-to-free-cash-flow (P/FCF) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) free cash flow. It is calculated as market cap ÷ TTM free cash flow, where free cash flow = operating cash flow − capital expenditures. Because FCF cannot be inflated by non-cash accounting items, P/FCF is often considered a cleaner measure of "earnings-power valuation" than P/E — especially for capital-intensive businesses where depreciation diverges from real cash outflows.

Question 4

What is a good P/FCF ratio for Starbucks?

Accepted Answer

Mature companies that consistently convert profit into cash often trade at 15–25× P/FCF; capital-intensive businesses with lumpy capex typically trade lower. Compare against sector peers and against the company's own multi-year average — single-year P/FCF can be distorted by working-capital swings. For Starbucks specifically, the relevant sector benchmark is the current sector median of 17.1×.

Question 5

Is Starbucks's P/FCF ratio high or low?

Accepted Answer

Starbucks's P/FCF ratio of 43.6× is above its own 5-year average of 34.6× and above the sector median of 17.1×. That places the current reading at the 78th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Starbucks's historical P/FCF ratio range?

Accepted Answer

In the available daily series, Starbucks (SBUX) P/FCF ratio has ranged from a low of 7.3× in 2018 to a high of 882.7× in 2020. The 5-year average is 34.6× and the 5-year median is 34.4×.

Question 7

What was Starbucks's P/FCF ratio in 2025?

Accepted Answer

Starbucks (SBUX) P/FCF ratio at the end of 2025 was 40.0×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month free cash flow figure available at that date.

Question 8

Why does Starbucks's P/FCF ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (free cash flow). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$97.7B	$2.44B	40.0×	+6.6×	Sep 28, 2025
2024	$111B	$3.32B	33.4×	+5.0×	Sep 30, 2024
2023	$104B	$3.68B	28.4×	-9.4×	Sep 30, 2023
2022	$96.7B	$2.56B	37.8×	+9.0×	Sep 30, 2022
2021	$130B	$4.52B	28.8×	-853.9×	Sep 30, 2021
2020	$101B	$114M	882.7×	+850.4×	Sep 30, 2020
2019	$105B	$3.24B	32.3×	+25.0×	Sep 30, 2019
2018	$72.8B	$9.96B	7.3×	-21.7×	Sep 30, 2018
2017	$76.9B	$2.65B	29.0×	+3.7×	Sep 30, 2017
2016	$79.1B	$3.13B	25.2×	-9.3×	Sep 30, 2016
2015	$84.4B	$2.45B	34.5×	—	Sep 30, 2015
2014	$56.6B	-$553M	—	—	Sep 30, 2014
2013	$58B	$1.76B	33.0×	-9.0×	Sep 30, 2013
2012	$37.6B	$894M	42.0×	+16.3×	Sep 30, 2012
2011	$27.8B	$1.08B	25.8×	+10.8×	Sep 30, 2011
2010	$18.9B	$1.26B	15.0×	-1.2×	Sep 30, 2010
2009	$15.3B	$943M	16.2×	-23.6×	Sep 30, 2009
2008	$10.9B	$274M	39.8×	-38.2×	Sep 30, 2008
2007	$19.6B	$251M	78.1×	+6.3×	Sep 30, 2007
2006	$25.9B	$360M	71.8×	+1.9×	Sep 30, 2006
2005	$19.6B	$280M	69.9×	+25.7×	Sep 30, 2005
2004	$18B	$408M	44.3×	-9.8×	Sep 30, 2004
2003	$11.3B	$209M	54.1×	-23.6×	Sep 30, 2003
2002	$7.93B	$102M	77.6×	—	Sep 30, 2002


DraftKings (DKNG)	15.5×
Avery Dennison (AVY)	15.2×
Wynn Resorts (WYNN)	15.1×
NVR (NVR)	14.9×
Booking Holdings (BKNG)	14.7×
D.R. Horton (DHI)	14.2×
V.F. (VFC)	12.6×
Deckers Outdoor (DECK)	12.0×
Carnival Corporation (CCL)	11.9×
Lululemon Athletica (LULU)	11.6×
Toll Brothers (TOL)	11.1×
Hasbro (HAS)	9.8×
PDD Holdings (PDD)	9.5×
LKQ (LKQ)	9.3×
KB Home (KBH)	8.8×
Mohawk Industries (MHK)	8.4×
MercadoLibre (MELI)	8.2×
Best Buy Co. (BBY)	7.9×
Etsy (ETSY)	7.2×
Leggett & Platt (LEG)	6.6×
Weyco Group (WEYS)	6.2×
Expedia Group (EXPE)	6.0×
MGM Resorts (MGM)	5.5×
Ford Motor (F)	4.8×
General Motors (GM)	4.3×

P/FCF Ratio for Starbucks (SBUX) 2002-2026

P/FCF Ratio daily chart for Starbucks (SBUX)

Historical P/FCF Ratio for Starbucks (SBUX) from 2002 to 2025

About P/FCF Ratio at Starbucks (SBUX)

Starbucks P/FCF Ratio by Year

Starbucks P/FCF Ratio 2025: 40.0×

Starbucks P/FCF Ratio 2024: 33.4×

Starbucks P/FCF Ratio 2023: 28.4×

Starbucks P/FCF Ratio 2022: 37.8×

Starbucks P/FCF Ratio 2021: 28.8×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

Starbucks (SBUX) Key Financials