GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » eBay Inc (BSP:EBAY34) » Definitions » Cyclically Adjusted PB Ratio

eBay (BSP:EBAY34) Cyclically Adjusted PB Ratio : 5.06 (As of May. 26, 2024)


View and export this data going back to 2012. Start your Free Trial

What is eBay Cyclically Adjusted PB Ratio?

As of today (2024-05-26), eBay's current share price is R$141.82. eBay's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was R$28.04. eBay's Cyclically Adjusted PB Ratio for today is 5.06.

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

BSP:EBAY34' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.7   Med: 2.93   Max: 6.71
Current: 4.82

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.

BSP:EBAY34's Cyclically Adjusted PB Ratio is ranked worse than
86.51% of 734 companies
in the Retail - Cyclical industry
Industry Median: 1.175 vs BSP:EBAY34: 4.82

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 R$30.686. 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 R$28.04 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
=141.82/28.04
=5.06

* 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)
=30.686/131.7762*131.7762
=30.686

Current CPI (Mar. 2024) = 131.7762.

eBay Quarterly Data

Book Value per Share CPI Adj_Book
201406 17.090 100.560 22.395
201409 18.645 100.428 24.465
201412 21.483 99.070 28.575
201503 25.362 99.621 33.548
201506 25.299 100.684 33.112
201509 10.532 100.392 13.825
201512 10.777 99.792 14.231
201603 10.219 100.470 13.403
201606 9.758 101.688 12.645
201609 9.930 101.861 12.846
201612 16.259 101.863 21.034
201703 16.820 102.862 21.548
201706 17.636 103.349 22.487
201709 16.847 104.136 21.319
201712 12.887 104.011 16.327
201803 12.367 105.290 15.478
201806 13.624 106.317 16.887
201809 14.782 106.507 18.289
201812 13.329 105.998 16.571
201903 11.406 107.251 14.014
201906 9.401 108.070 11.463
201909 8.224 108.329 10.004
201912 7.400 108.420 8.994
202003 7.371 108.902 8.919
202006 10.679 108.767 12.938
202009 11.443 109.815 13.731
202012 13.392 109.897 16.058
202103 15.598 111.754 18.393
202106 49.509 114.631 56.914
202109 45.639 115.734 51.965
202112 46.543 117.630 52.140
202203 30.739 121.301 33.394
202206 24.103 125.017 25.406
202209 23.389 125.227 24.612
202212 25.074 125.222 26.386
202303 26.174 127.348 27.084
202306 23.986 128.729 24.554
202309 28.013 129.860 28.426
202312 30.309 129.419 30.861
202403 30.686 131.776 30.686

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  (BSP:EBAY34) 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 (BSP:EBAY34) 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.

eBay (BSP:EBAY34) Headlines

No Headlines