STARBUCKS CORP (SBUX)

Retail-Eating & Drinking Places

Latest Price

$105.25

TTM P/E

80.34

Normalized P/E

37.47

Div Yield

2.35%

Book Value

P/B Ratio

Valuation metrics

Norm. op. income: $4.6B (median of 7yr)

Tax rate: 22%

Discount rate: 10%

Growth assumption: zero (EPV is a no-growth value)

Earnings Power Value

$20.42

81% downside

Base FCF: $3.3B (median of recent 5yr)

Growth: -12%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$3.60

97% downside

EPS: $1.63

Target P/E: 37×

Formula: EPS × P/E

P/E Fair Value

$60.31

43% downside

82.3% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
Capital World Investors	103.32M	$9.26B	9.07%	+18.59M	2026-03-31
Capital Research Global Investors	102.35M	$9.17B	8.98%	+20.17M	2026-03-31
BlackRock, Inc.	79.56M	$7.13B	6.98%	-805.8K	2026-03-31
VANGUARD CAPITAL MANAGEMENT LLC	74.03M	$6.63B	6.50%	--	2026-03-31
STATE STREET CORP	47.73M	$4.28B	4.19%	-139.3K	2026-03-31
VANGUARD PORTFOLIO MANAGEMENT LLC	29.45M	$2.64B	2.58%	--	2026-03-31
GEODE CAPITAL MANAGEMENT, LLC	28.02M	$2.50B	2.46%	+1.64M	2026-03-31
FMR LLC	25.76M	$2.31B	2.26%	-149.9K	2026-03-31
MORGAN STANLEY	24.86M	$2.23B	2.18%	+3.59M	2026-03-31
BANK OF AMERICA CORP /DE/	15.76M	$1.41B	1.38%	+1.30M	2026-03-31