As of Q1'26 (2025-12-28), Starbucks' P/B Ratio stands at -11.61, reflecting a negative price-to-book value at the latest data point. This negative ratio indicates that the market value of Starbucks' equity is significantly below its book value as of the most recent quarter. Over the period from Q2'23 to Q1'26, the P/B Ratio has remained consistently negative, fluctuating between -10.83 and -15.43. The ratio showed a gradual improvement from Q2'23 (-15.43) to Q3'24 (-10.83), but experienced renewed declines in late 2024 before partially recovering by Q1'26. The persistent negative values and volatility suggest ongoing market concerns regarding the company's asset valuation relative to its market price during this timeframe.