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eBay (BSP:EBAY34) Cyclically Adjusted FCF per Share : R$9.83 (As of Mar. 2025)


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What is eBay Cyclically Adjusted FCF 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 FCF per Share and 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 for the three months ended in Mar. 2025 was R$3.903. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is R$9.83 for the trailing ten years ended in Mar. 2025.

During the past 12 months, eBay's average Cyclically Adjusted FCF Growth Rate was -0.90% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 2.90% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 5.60% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 5.30% 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 FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of eBay was 20.10% per year. The lowest was 2.90% per year. And the median was 8.30% per year.

As of today (2025-05-31), eBay's current stock price is R$213.70. eBay's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was R$9.83. eBay's Cyclically Adjusted Price-to-FCF of today is 21.74.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of eBay was 26.00. The lowest was 9.91. And the median was 14.43.


eBay Cyclically Adjusted FCF per Share Historical Data

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

eBay Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.36 8.74 8.56 8.51 10.48

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 FCF 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 8.68 9.58 9.37 10.48 9.83

Competitive Comparison of eBay's Cyclically Adjusted FCF per Share

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.


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eBay Cyclically Adjusted FCF 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 FCF per Share and 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.

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

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. Let's use an example to explain.

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

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

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

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=3.903/134.9266*134.9266
=3.903

Current CPI (Mar. 2025) = 134.9266.

eBay Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 1.213 100.684 1.626
201509 0.709 100.392 0.953
201512 1.471 99.792 1.989
201603 0.763 100.470 1.025
201606 0.918 101.688 1.218
201609 0.881 101.861 1.167
201612 0.727 101.863 0.963
201703 0.634 102.862 0.832
201706 0.781 103.349 1.020
201709 1.046 104.136 1.355
201712 1.268 104.011 1.645
201803 0.537 105.290 0.688
201806 0.353 106.317 0.448
201809 0.792 106.507 1.003
201812 2.314 105.998 2.946
201903 0.783 107.251 0.985
201906 1.359 108.070 1.697
201909 2.284 108.329 2.845
201912 1.757 108.420 2.187
202003 1.598 108.902 1.980
202006 3.200 108.767 3.970
202009 -0.072 109.815 -0.088
202012 2.225 109.897 2.732
202103 3.899 111.754 4.707
202106 3.553 114.631 4.182
202109 0.385 115.734 0.449
202112 0.869 117.630 0.997
202203 2.247 121.301 2.499
202206 0.531 125.017 0.573
202209 3.000 125.227 3.232
202212 2.565 125.222 2.764
202303 3.413 127.348 3.616
202306 2.205 128.729 2.311
202309 3.607 129.860 3.748
202312 -0.019 129.419 -0.020
202403 2.264 131.776 2.318
202406 1.477 132.554 1.503
202409 3.621 133.029 3.673
202412 3.537 133.157 3.584
202503 3.903 134.927 3.903

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


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

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF 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 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 Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=213.70/9.83
=21.74

* 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 Price-to-FCF of eBay was 26.00. The lowest was 9.91. And the median was 14.43.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


eBay Cyclically Adjusted FCF per Share Related Terms

Thank you for viewing the detailed overview of eBay's Cyclically Adjusted FCF 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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