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eBay (EBAY) Cyclically Adjusted PB Ratio : 4.61 (As of Apr. 27, 2024)


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What is eBay Cyclically Adjusted PB Ratio?

As of today (2024-04-27), eBay's current share price is $52.02. eBay's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $11.28. eBay's Cyclically Adjusted PB Ratio for today is 4.61.

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

EBAY' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.7   Med: 2.91   Max: 6.71
Current: 4.55

During the past years, eBay's highest Cyclically Adjusted PB Ratio was 6.71. The lowest was 1.70. And the median was 2.91.

EBAY's Cyclically Adjusted PB Ratio is ranked worse than
85.91% of 717 companies
in the Retail - Cyclical industry
Industry Median: 1.16 vs EBAY: 4.55

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 Dec. 2023 was $12.371. 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 $11.28 for the trailing ten years ended in Dec. 2023.

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
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 3.44 3.71 3.79 3.80 3.87

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
=52.02/11.28
=4.61

* 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 Dec. 2023 is calculated as:

For example, eBay's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book=Book Value per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=12.371/129.4194*129.4194
=12.371

Current CPI (Dec. 2023) = 129.4194.

eBay Quarterly Data

Book Value per Share CPI Adj_Book
201403 15.477 99.695 20.092
201406 15.286 100.560 19.673
201409 15.950 100.428 20.554
201412 16.263 99.070 21.245
201503 16.147 99.621 20.977
201506 16.260 100.684 20.901
201509 5.397 100.392 6.958
201512 5.554 99.792 7.203
201603 5.527 100.470 7.120
201606 5.701 101.688 7.256
201609 6.105 101.861 7.757
201612 9.695 101.863 12.318
201703 10.756 102.862 13.533
201706 10.703 103.349 13.403
201709 10.756 104.136 13.368
201712 7.822 104.011 9.733
201803 7.543 105.290 9.272
201806 7.225 106.317 8.795
201809 7.195 106.507 8.743
201812 6.864 105.998 8.381
201903 5.939 107.251 7.167
201906 4.876 108.070 5.839
201909 3.993 108.329 4.770
201912 3.606 108.420 4.304
202003 3.017 108.902 3.585
202006 4.116 108.767 4.898
202009 4.238 109.815 4.995
202012 5.206 109.897 6.131
202103 5.536 111.754 6.411
202106 19.691 114.631 22.231
202109 17.291 115.734 19.336
202112 16.461 117.630 18.111
202203 12.354 121.301 13.181
202206 9.550 125.017 9.886
202209 8.921 125.227 9.220
202212 9.560 125.222 9.880
202303 10.050 127.348 10.213
202306 9.884 128.729 9.937
202309 11.344 129.860 11.306
202312 12.371 129.419 12.371

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  (NAS:EBAY) 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 (EBAY) 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.
Executives
Edward O Garcia officer: SVP, Chief Product Officer C/O EBAY INC, 2025 HAMILTON AVENUE, SAN JOSE CA 95125
Boone Cornelius officer: Chief People Officer C/O EBAY INC., 2025 HAMILTON AVE., SAN JOSE CA 95125
Jamie Iannone director, officer: President and CEO C/O BARNES & NOBLE, INC., 122 FIFTH AVENUE, NEW YORK NY 10111
Paul S Pressler director C/O EBAY INC., 2025 HAMILTON AVENUE, SAN JOSE CA 95125
Stephen J Priest officer: SVP, Chief Financial Officer C/O JETBLUE AIRWAYS CORPORATIOM, 27-01 QUEENS PLAZA NORTH, LONG ISLAND CITY NY 11101
Rebecca Spencer officer: VP, Chief Accounting Officer C/O EBAY INC., 2025 HAMILTON AVE., SAN JOSE CA 95125
Shripriya Mahesh Ramanan director C/O EBAY INC., 2025 HAMILTON AVE., SAN JOSE CA 95125
Robert Holmes Swan officer: SVP, Finance & CFO C/O EBAY INC., 2025 HAMILTON AVENUE, SAN JOSE CA 95125
Brian J. Doerger officer: VP, Chief Accounting Officer C/O EBAY INC., 2025 HAMILTON AVENUE, SAN JOSE CA 95125
Aparna Chennapragada director C/O EBAY, INC., 2025 HAMILTON AVE., SAN JOSE CA 95125
Pete Thompson officer: SVP, Chief Product Officer 1778 MCCARTHY BLVD, MILPITAS CA 95035
Kathleen C. Mitic director C/O EBAY INC., 2065 HAMILTON AVENUE, SAN JOSE CA 95125
Marie Oh Huber officer: SVP, GC & Secretary C/O EBAY INC., 2025 HAMILTON AVENUE, SAN JOSE CA 95125
Logan Green director C/O EBAY INC., 2025 HAMILTON AVE., SAN JOSE CA 95125
Anthony John Bates director 788 DIXON WAY, LOS ALTOS CA 94022

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