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eBay (FRA:EBA) Cyclically Adjusted Price-to-FCF : 14.80 (As of May. 22, 2024)


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What is eBay Cyclically Adjusted Price-to-FCF?

As of today (2024-05-22), eBay's current share price is €47.94. eBay's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €3.24. eBay's Cyclically Adjusted Price-to-FCF for today is 14.80.

The historical rank and industry rank for eBay's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

FRA:EBA' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 9.84   Med: 13.66   Max: 26
Current: 14.68

During the past years, eBay's highest Cyclically Adjusted Price-to-FCF was 26.00. The lowest was 9.84. And the median was 13.66.

FRA:EBA's Cyclically Adjusted Price-to-FCF is ranked worse than
54.71% of 435 companies
in the Retail - Cyclical industry
Industry Median: 12.83 vs FRA:EBA: 14.68

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 Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

eBay's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €0.837. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is €3.24 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


eBay Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for eBay's Cyclically Adjusted Price-to-FCF 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 Price-to-FCF Chart

eBay Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 13.54 17.97 21.36 12.24 12.69

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 Price-to-FCF 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 12.63 12.50 12.07 12.69 15.12

Competitive Comparison of eBay's Cyclically Adjusted Price-to-FCF

For the Internet Retail subindustry, eBay's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF 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 Price-to-FCF Distribution in the Retail - Cyclical Industry

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

* The bar in red indicates where eBay's Cyclically Adjusted Price-to-FCF falls into.



eBay Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF 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 Price-to-FCF.

eBay's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=47.94/3.24
=14.80

* 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 FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

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

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=0.837/131.7762*131.7762
=0.837

Current CPI (Mar. 2024) = 131.7762.

eBay Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.743 100.560 0.974
201409 0.848 100.428 1.113
201412 0.950 99.070 1.264
201503 0.793 99.621 1.049
201506 0.695 100.684 0.910
201509 0.323 100.392 0.424
201512 0.696 99.792 0.919
201603 0.371 100.470 0.487
201606 0.477 101.688 0.618
201609 0.483 101.861 0.625
201612 0.411 101.863 0.532
201703 0.379 102.862 0.486
201706 0.422 103.349 0.538
201709 0.560 104.136 0.709
201712 0.651 104.011 0.825
201803 0.266 105.290 0.333
201806 0.160 106.317 0.198
201809 0.330 106.507 0.408
201812 1.048 105.998 1.303
201903 0.361 107.251 0.444
201906 0.624 108.070 0.761
201909 1.007 108.329 1.225
201912 0.771 108.420 0.937
202003 0.592 108.902 0.716
202006 1.095 108.767 1.327
202009 -0.023 109.815 -0.028
202012 0.711 109.897 0.853
202103 1.162 111.754 1.370
202106 1.173 114.631 1.348
202109 0.124 115.734 0.141
202112 0.272 117.630 0.305
202203 0.820 121.301 0.891
202206 0.199 125.017 0.210
202209 1.156 125.227 1.216
202212 0.923 125.222 0.971
202303 1.224 127.348 1.267
202306 0.839 128.729 0.859
202309 1.369 129.860 1.389
202312 -0.007 129.419 -0.007
202403 0.837 131.776 0.837

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF 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 Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow 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 Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


eBay Cyclically Adjusted Price-to-FCF Related Terms

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


eBay (FRA:EBA) Business Description

Industry
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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