STARBUCKS CORP (SBUX)

Retail-Eating & Drinking Places

Latest Price

$99.07

TTM P/E

57.27

Normalized P/E

34.73

Div Yield

2.50%

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

79% 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

96% downside

EPS: $1.63

Target P/E: 35×

Formula: EPS × P/E

P/E Fair Value

$57.05

42% downside

88.2% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
Capital Research Global Investors	109.65M	$11.21B	9.63%	+7.30M	2026-06-30
Capital World Investors	91.48M	$9.35B	8.03%	-11.84M	2026-06-30
BlackRock, Inc.	83.22M	$8.50B	7.31%	+3.66M	2026-06-30
VANGUARD CAPITAL MANAGEMENT LLC	74.43M	$7.61B	6.53%	+405.4K	2026-06-30
STATE STREET CORP	49.26M	$5.03B	4.32%	+1.53M	2026-06-30
Invesco Ltd.	38.50M	$3.93B	3.38%	+24.24M	2026-06-30
VANGUARD PORTFOLIO MANAGEMENT LLC	30.11M	$3.08B	2.64%	+660.8K	2026-06-30
GEODE CAPITAL MANAGEMENT, LLC	28.57M	$2.91B	2.51%	+552.9K	2026-06-30
FMR LLC	26.30M	$2.69B	2.31%	+536.5K	2026-06-30
MORGAN STANLEY	19.93M	$2.04B	1.75%	-4.93M	2026-06-30