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eBay (BSP:EBAY34) Cyclically Adjusted Book per Share : R$29.87 (As of Mar. 2025)


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What is eBay Cyclically Adjusted Book per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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 for the three months ended in Mar. 2025 was R$30.780. 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$29.87 for the trailing ten years ended in Mar. 2025.

During the past 12 months, eBay's average Cyclically Adjusted Book Growth Rate was -6.80% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -4.40% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -2.10% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was -1.10% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of eBay was 20.50% per year. The lowest was -4.40% per year. And the median was 1.90% per year.

As of today (2025-06-02), eBay's current stock price is R$213.70. eBay's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was R$29.87. eBay's Cyclically Adjusted PB Ratio of today is 7.15.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of eBay was 6.96. The lowest was 1.82. And the median was 3.34.


eBay Cyclically Adjusted Book per Share Historical Data

The historical data trend for eBay's Cyclically Adjusted Book per Share 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 Book per Share Chart

eBay Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 30.11 34.25 30.41 27.90 32.92

eBay Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted Book per Share 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 28.04 31.06 29.80 32.92 29.87

Competitive Comparison of eBay's Cyclically Adjusted Book per Share

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.


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eBay Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, eBay's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book= Book Value per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=30.78/134.9266*134.9266
=30.780

Current CPI (Mar. 2025) = 134.9266.

eBay Quarterly Data

Book Value per Share CPI Adj_Book
201506 25.299 100.684 33.903
201509 10.532 100.392 14.155
201512 10.777 99.792 14.571
201603 10.219 100.470 13.724
201606 9.758 101.688 12.948
201609 9.930 101.861 13.153
201612 16.259 101.863 21.537
201703 16.820 102.862 22.063
201706 17.636 103.349 23.025
201709 16.847 104.136 21.828
201712 12.887 104.011 16.717
201803 12.367 105.290 15.848
201806 13.624 106.317 17.290
201809 14.782 106.507 18.726
201812 13.329 105.998 16.967
201903 11.406 107.251 14.349
201906 9.401 108.070 11.737
201909 8.224 108.329 10.243
201912 7.400 108.420 9.209
202003 7.371 108.902 9.133
202006 10.679 108.767 13.247
202009 11.443 109.815 14.060
202012 13.392 109.897 16.442
202103 15.598 111.754 18.832
202106 49.509 114.631 58.274
202109 45.639 115.734 53.207
202112 46.543 117.630 53.387
202203 30.739 121.301 34.192
202206 24.103 125.017 26.014
202209 23.389 125.227 25.201
202212 25.074 125.222 27.017
202303 26.174 127.348 27.732
202306 23.986 128.729 25.141
202309 28.013 129.860 29.106
202312 30.309 129.419 31.599
202403 30.686 131.776 31.420
202406 30.120 132.554 30.659
202409 31.136 133.029 31.580
202412 33.407 133.157 33.851
202503 30.780 134.927 30.780

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


eBay  (BSP:EBAY34) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

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 Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=213.70/29.87
=7.15

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of eBay was 6.96. The lowest was 1.82. And the median was 3.34.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


eBay Cyclically Adjusted Book per Share Related Terms

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


eBay 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 $75 billion in 2024 gross merchandise volume rendering the firm a top 10 global e-commerce company. It generates revenue from listing fees, advertising, revenue-sharing arrangements with service providers, and managed payments, with its platform connecting more than 130 million buyers and roughly 20 million sellers across almost 190 global markets at the end of 2024. EBay generates just north of 50% of its GMV in international markets, with a large presence in the UK, Germany, and Australia.

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