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eBay (FRA:EBA) Cyclically Adjusted PB Ratio : 4.58 (As of May. 22, 2024)


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What is eBay Cyclically Adjusted PB Ratio?

As of today (2024-05-22), eBay's current share price is €47.94. eBay's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €10.46. eBay's Cyclically Adjusted PB Ratio for today is 4.58.

The historical rank and industry rank for eBay's Cyclically Adjusted PB Ratio or its related term are showing as below:

FRA:EBA' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.7   Med: 2.93   Max: 6.71
Current: 4.63

During the past years, eBay's highest Cyclically Adjusted PB Ratio was 6.71. The lowest was 1.70. And the median was 2.93.

FRA:EBA's Cyclically Adjusted PB Ratio is ranked worse than
86.03% of 730 companies
in the Retail - Cyclical industry
Industry Median: 1.18 vs FRA:EBA: 4.63

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

eBay's adjusted book value per share data for the three months ended in Mar. 2024 was €11.338. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is €10.46 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


eBay Cyclically Adjusted PB Ratio Historical Data

The historical data trend for eBay's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

eBay Cyclically Adjusted PB Ratio Chart

eBay Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.96 4.39 5.45 3.44 3.87

eBay Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.71 3.79 3.80 3.87 4.68

Competitive Comparison of eBay's Cyclically Adjusted PB Ratio

For the Internet Retail subindustry, eBay's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


eBay's Cyclically Adjusted PB Ratio Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, eBay's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where eBay's Cyclically Adjusted PB Ratio falls into.



eBay Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

eBay's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=47.94/10.46
=4.58

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

eBay's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, eBay's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book=Book Value per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=11.338/131.7762*131.7762
=11.338

Current CPI (Mar. 2024) = 131.7762.

eBay Quarterly Data

Book Value per Share CPI Adj_Book
201406 11.251 100.560 14.744
201409 12.377 100.428 16.240
201412 13.189 99.070 17.543
201503 14.920 99.621 19.736
201506 14.488 100.684 18.962
201509 4.808 100.392 6.311
201512 5.099 99.792 6.733
201603 4.963 100.470 6.509
201606 5.073 101.688 6.574
201609 5.439 101.861 7.036
201612 9.191 101.863 11.890
201703 10.057 102.862 12.884
201706 9.526 103.349 12.146
201709 9.024 104.136 11.419
201712 6.610 104.011 8.374
201803 6.118 105.290 7.657
201806 6.185 106.317 7.666
201809 6.166 106.507 7.629
201812 6.034 105.998 7.501
201903 5.256 107.251 6.458
201906 4.316 108.070 5.263
201909 3.625 108.329 4.410
201912 3.245 108.420 3.944
202003 2.730 108.902 3.303
202006 3.655 108.767 4.428
202009 3.598 109.815 4.318
202012 4.279 109.897 5.131
202103 4.650 111.754 5.483
202106 16.344 114.631 18.788
202109 14.697 115.734 16.734
202112 14.568 117.630 16.320
202203 11.217 121.301 12.186
202206 9.034 125.017 9.522
202209 9.010 125.227 9.481
202212 9.025 125.222 9.497
202303 9.387 127.348 9.713
202306 9.123 128.729 9.339
202309 10.630 129.860 10.787
202312 11.345 129.419 11.552
202403 11.338 131.776 11.338

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


eBay  (FRA:EBA) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


eBay Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of eBay's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


eBay (FRA:EBA) Business Description

Address
2025 Hamilton Avenue, San Jose, CA, USA, 95125
EBay operates one of the largest e-commerce marketplaces in the world, with $74 billion in 2022 gross merchandise volume, or GMV, rendering the firm a top 10 global e-commerce company. eBay generates revenue from listing fees, advertising, revenue-sharing arrangements with service providers, and managed payments, with its platform connecting more than 132 million buyers and roughly 20 million sellers across almost 190 global markets at the end of 2022. eBay generates just north of 50% of its GMV in international markets, with a large presence in the U.K., Germany, and Australia.

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