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For the latest fiscal period Q2'26, the SBUX EV/EBITDA ratio reached 28.066. This represents a slight cooling from the peak of 28.517 reached in Q1'26, though it remains significantly elevated compared to historical levels within the analyzed period. From Q3'23 to Q2'26, the valuation multiple exhibited a volatile but ultimately strong upward trajectory. After fluctuating between 14.421 and 19.055 through Q4'24, the ratio entered a sustained period of expansion starting in Q1'25, reflecting a significant increase in enterprise value relative to earnings power over the last six fiscal quarters.