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eBay (LTS:0R3D) Cyclically Adjusted PB Ratio : 4.62 (As of May. 19, 2024)


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What is eBay Cyclically Adjusted PB Ratio?

As of today (2024-05-19), eBay's current share price is $52.05. eBay's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $11.27. eBay's Cyclically Adjusted PB Ratio for today is 4.62.

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

LTS:0R3D' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.7   Med: 2.92   Max: 6.71
Current: 4.56

During the past years, eBay's highest Cyclically Adjusted PB Ratio was 6.71. The lowest was 1.70. And the median was 2.92.

LTS:0R3D's Cyclically Adjusted PB Ratio is ranked worse than
86.58% of 730 companies
in the Retail - Cyclical industry
Industry Median: 1.17 vs LTS:0R3D: 4.56

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 $12.324. 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 $11.27 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
=52.05/11.27
=4.62

* 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)
=12.324/131.7762*131.7762
=12.324

Current CPI (Mar. 2024) = 131.7762.

eBay Quarterly Data

Book Value per Share CPI Adj_Book
201406 15.286 100.560 20.031
201409 15.950 100.428 20.929
201412 16.263 99.070 21.632
201503 16.147 99.621 21.359
201506 16.260 100.684 21.281
201509 5.397 100.392 7.084
201512 5.554 99.792 7.334
201603 5.527 100.470 7.249
201606 5.701 101.688 7.388
201609 6.105 101.861 7.898
201612 9.695 101.863 12.542
201703 10.756 102.862 13.779
201706 10.703 103.349 13.647
201709 10.756 104.136 13.611
201712 7.822 104.011 9.910
201803 7.543 105.290 9.441
201806 7.225 106.317 8.955
201809 7.195 106.507 8.902
201812 6.864 105.998 8.533
201903 5.939 107.251 7.297
201906 4.876 108.070 5.946
201909 3.993 108.329 4.857
201912 3.606 108.420 4.383
202003 3.017 108.902 3.651
202006 4.116 108.767 4.987
202009 4.238 109.815 5.086
202012 5.206 109.897 6.242
202103 5.536 111.754 6.528
202106 19.691 114.631 22.636
202109 17.291 115.734 19.688
202112 16.461 117.630 18.441
202203 12.354 121.301 13.421
202206 9.550 125.017 10.066
202209 8.921 125.227 9.388
202212 9.560 125.222 10.060
202303 10.050 127.348 10.399
202306 9.884 128.729 10.118
202309 11.344 129.860 11.511
202312 12.371 129.419 12.596
202403 12.324 131.776 12.324

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  (LTS:0R3D) 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 (LTS:0R3D) 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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