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eBay (EBAY) Cyclically Adjusted Book per Share : $10.51 (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 $10.691. 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 $10.51 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 (2025-05-17), eBay's current stock price is $71.84. eBay's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was $10.51. eBay's Cyclically Adjusted PB Ratio of today is 6.84.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of eBay was 6.84. The lowest was 1.82. And the median was 3.30.


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 11.46 12.19 12.04 11.28 10.65

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 11.28 11.12 10.91 10.65 10.51

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)
=10.691/134.9266*134.9266
=10.691

Current CPI (Mar. 2025) = 134.9266.

eBay Quarterly Data

Book Value per Share CPI Adj_Book
201506 16.260 100.684 21.790
201509 5.397 100.392 7.254
201512 5.554 99.792 7.509
201603 5.527 100.470 7.422
201606 5.701 101.688 7.564
201609 6.105 101.861 8.087
201612 9.695 101.863 12.842
201703 10.756 102.862 14.109
201706 10.703 103.349 13.973
201709 10.756 104.136 13.936
201712 7.822 104.011 10.147
201803 7.543 105.290 9.666
201806 7.225 106.317 9.169
201809 7.195 106.507 9.115
201812 6.864 105.998 8.737
201903 5.939 107.251 7.472
201906 4.876 108.070 6.088
201909 3.993 108.329 4.973
201912 3.606 108.420 4.488
202003 3.017 108.902 3.738
202006 4.116 108.767 5.106
202009 4.238 109.815 5.207
202012 5.206 109.897 6.392
202103 5.536 111.754 6.684
202106 19.691 114.631 23.177
202109 17.291 115.734 20.158
202112 16.461 117.630 18.882
202203 12.354 121.301 13.742
202206 9.550 125.017 10.307
202209 8.921 125.227 9.612
202212 9.560 125.222 10.301
202303 10.050 127.348 10.648
202306 9.884 128.729 10.360
202309 11.344 129.860 11.787
202312 12.371 129.419 12.897
202403 12.324 131.776 12.619
202406 11.184 132.554 11.384
202409 11.245 133.029 11.405
202412 10.951 133.157 11.097
202503 10.691 134.927 10.691

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


eBay  (NAS:EBAY) 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
=71.84/10.51
=6.84

* 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 6.84. The lowest was 1.82. And the median was 3.30.


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.
Executives
Stephen J Priest officer: SVP, Chief Financial Officer C/O JETBLUE AIRWAYS CORPORATIOM, 27-01 QUEENS PLAZA NORTH, LONG ISLAND CITY NY 11101
Jamie Iannone director, officer: President and CEO C/O BARNES & NOBLE, INC., 122 FIFTH AVENUE, NEW YORK NY 10111
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
Rebecca Spencer officer: VP, Chief Accounting Officer C/O EBAY INC., 2025 HAMILTON AVE., SAN JOSE CA 95125
Julie A Loeger officer: SVP, Chief Growth Officer 2500 LAKE COOK ROAD, RIVERWOODS IL 60015
Marie Oh Huber officer: SVP, GC & Secretary C/O EBAY INC., 2025 HAMILTON AVENUE, SAN JOSE CA 95125
Paul S Pressler director C/O EBAY INC., 2025 HAMILTON AVENUE, 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
Logan Green director C/O EBAY INC., 2025 HAMILTON AVE., SAN JOSE CA 95125