Is Starbucks Stock a Buy, Sell or Retain at 24.79x P/E?
Starbucks(SBUX) ZACKS·2024-09-27 21:26
Starbucks Corporation’s (SBUX) stock is trading just below the Zacks Restaurant industry. With a forward 12-month Price/Earnings ratio of 24.79x, it sits marginally below the industry average of 24.97x. Despite this, SBUX remains priced higher than the broader Retail-Wholesale sector, which stands at 23.96x and the S&P 500, which averages 21.86x.In the past three months, Starbucks’ shares have surged 25.2% compared with the restaurant industry's 10.9% rise and the S&P 500's 4.7% rise. Even among the top in ...