I just want to make sure I'm understanding how to calculate this correctly. I understand the formula is:

Book Value = (total equity - preferred equity) / shares outstanding

So I went to Google and looked up the stocks for a random company. In this case, I chose Starbucks. Going under Financials and Balance Sheet, I see it says total equity is 5,169.30 Million. The total number of shares outstanding at this time is 755.90 Million. So would it be correct to calculate:

Book value = 5,169,300,000 / 755,900,000 ? I don't see where I'm supposed to find "Preferred Equity" anywhere in this. And with that calculation, it makes a book value of 6.84, which seems really low considering the stock price is 73.38 as of this time. How can I find the preferred equity on this so I can calculate the book value? In case you're wondering, I'm simply trying to get P/B ratio on stocks since most finance sites seem to not have anything on it except for "last recent quarter" information.

Preferred equity is preferred stock and not every company has preferred shares issued and outstanding. Based on Starbucks financials, Starbucks does not have any issued and outstanding Preferred Shares, so your preferred equity amount will be zero. Your calculation is correct.

The p/b ratio is also known as the Price - Equity Ratio, which is: Stock Price / Total Assets - Intangible Assets - Total Liabilities = P/E Ratio

Thank you so much for the response, that helps me a whole lot. I really do appreciate it!