eBay (BUE:EBAY) Cyclically Adjusted PB Ratio: 9.73 (As of Aug. 14, 2026) — 159% Above Median

Author: Vera Yuan Vera Yuan
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Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BUE:EBAY eBay Inc BUE:EBAY
75 GF Score
Price ARS82,775.00
GF Value ARS68,607.16
Valuation Modestly Overvalued
! 3 Warning Signs
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What is eBay Cyclically Adjusted PB Ratio?

eBay BUE:EBAY +1.72% 75 Cyclically Adjusted PB Ratio is 9.73 as of Aug. 14, 2026, which is 159% above its 10-year median of 3.76. GuruFocus rates BUE:EBAY with a GF Score™ of 75/100 and a GF Value™ of ARS68,607.16 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 794 Retail - Cyclical companies, eBay ranks worse than 93.45% on this metric.

As of today (2026-08-14), eBay's current share price is ARS82775.00. eBay's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was ARS8,507.68. eBay's Cyclically Adjusted PB Ratio for today is 9.73.

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

BUE:EBAY' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.08   Med: 3.76   Max: 10.79
Current: 9.55

During the past years, eBay's highest Cyclically Adjusted PB Ratio was 10.79. The lowest was 2.08. And the median was 3.76.

BUE:EBAY's Cyclically Adjusted PB Ratio is ranked worse than
93.45% of 794 companies
in the Retail - Cyclical industry
Industry Median: 1.205 vs BUE:EBAY: 9.55

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 Jun. 2026 was ARS15,527.668. 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 ARS8,507.68 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


eBay  (BUE: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


eBay Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

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.

eBay Cyclically Adjusted PB Ratio Chart

eBay Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.45 3.44 3.87 5.82 8.29

eBay Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 7.22 8.69 8.29 8.46 10.21

BUE:EBAY vs JD, SE, CPNG: Cyclically Adjusted PB Ratio Comparison

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 Cyclically Adjusted PB Ratio vs 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.


BUE:EBAY
75GF Score
eBay Inc BUE:EBAY
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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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
=82775.00/8507.68
=9.73

* 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 Jun. 2026 is calculated as:

For example, eBay's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=15527.668/333.9520*333.9520
=15,527.668

Current CPI (Jun. 2026) = 333.9520.

eBay Quarterly Data

Book Value per Share CPI Adj_Book
201609 91.063 241.428 125.962
201612 153.698 241.432 212.597
201703 165.826 243.801 227.144
201706 176.477 244.955 240.595
201709 188.482 246.819 255.021
201712 149.364 246.524 202.335
201803 151.988 249.554 203.390
201806 180.203 251.989 238.817
201809 264.777 252.439 350.274
201812 258.825 251.233 344.044
201903 232.175 254.202 305.015
201906 217.876 256.143 284.061
201909 223.294 256.759 290.426
201912 215.546 256.974 280.114
202003 187.270 258.115 242.292
202006 281.803 257.797 365.050
202009 314.631 260.280 403.687
202012 423.676 260.474 543.192
202103 498.681 264.877 628.728
202106 1,865.364 271.696 2,292.791
202109 1,690.683 274.310 2,058.281
202112 1,662.425 278.802 1,991.270
202203 1,326.449 287.504 1,540.745
202206 1,149.162 296.311 1,295.142
202209 1,239.567 296.808 1,394.692
202212 1,602.784 296.797 1,803.431
202303 1,985.451 301.836 2,196.707
202306 2,372.083 305.109 2,596.324
202309 3,969.914 307.789 4,307.369
202312 4,466.066 306.746 4,862.172
202403 10,383.109 312.332 11,101.840
202406 10,015.460 314.175 10,645.923
202409 10,688.195 315.301 11,320.434
202412 11,060.680 315.605 11,703.668
202503 11,397.155 319.799 11,901.547
202506 12,283.596 322.561 12,717.382
202509 14,115.552 324.800 14,513.291
202512 14,918.979 324.054 15,374.669
202603 13,831.967 330.213 13,988.586
202606 15,527.668 333.952 15,527.668

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.

What does a Cyclically Adjusted PB Ratio of 9.73 mean?
eBay (BUE:EBAY) has a Cyclically Adjusted PB Ratio of 9.73 as of Aug. 14, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on eBay and its competitors. This is 159% above median its historical median of 3.76. Over the past decade, eBay's Cyclically Adjusted PB Ratio has ranged from 2.08 to 10.79. According to the industry distribution chart, eBay ranks #742 out of 794 companies in the Retail - Cyclical industry, placing it in the top 93.5%.
Is eBay's Cyclically Adjusted PB Ratio too high?
eBay's current Cyclically Adjusted PB Ratio of 9.73 is 159% above median its 10-year median of 3.76. Over the past 10 years, this metric has ranged from a low of 2.08 to a high of 10.79. The Retail - Cyclical industry median Cyclically Adjusted PB Ratio is 1.21. eBay's value of 9.73 is 707.5% above this industry median. Based on the distribution chart, eBay ranks #742 out of 794 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, eBay has a GF Score™ of 75/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does eBay's Cyclically Adjusted PB Ratio compare to JD and SE?
According to the Retail - Cyclical industry distribution chart, eBay ranks #742 out of 794 companies for Cyclically Adjusted PB Ratio. This places eBay in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.21. eBay's value of 9.73 is 707.5% above this benchmark. Historically, eBay's own Cyclically Adjusted PB Ratio has ranged from 2.08 to 10.79 over the past decade. While the company's 10-year median is 3.76 vs. the industry median of 1.21, eBay has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a Retail - Cyclical company?
The median Cyclically Adjusted PB Ratio among Retail - Cyclical companies is 1.21, based on 794 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. eBay's current Cyclically Adjusted PB Ratio of 9.73 is 707.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on eBay and its competitors. For the Retail - Cyclical industry, the median Cyclically Adjusted PB Ratio is 1.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. eBay's current Cyclically Adjusted PB Ratio is 9.73, which is 159% above median its own 10-year median of 3.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is eBay stock overvalued right now?
Based on GuruFocus' analysis, eBay (BUE:EBAY) is currently considered Modestly Overvalued. The stock's GF Value™ is ARS68,607.16, compared to a current price of ARS82,775.00 — trading 20.7% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 9.73, which is 159% above median its 10-year median of 3.76 and 707.5% above the Retail - Cyclical industry median of 1.21. eBay's overall GF Score™ is 75/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For eBay (BUE:EBAY), the current Cyclically Adjusted PB Ratio is 9.73 as of Aug. 14, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is eBay (BUE:EBAY) Overvalued in 2026?

Based on GuruFocus' analysis, eBay stock appears to be overvalued. The current stock price of ARS82,775.00 is trading 20.7% above its estimated GF Value™ of ARS68,607.16. GuruFocus considers eBay to be Modestly Overvalued.

Key valuation signals for BUE:EBAY:

  • Cyclically Adjusted PB Ratio: 9.73 (159% above median its 10-year median of 3.76)
  • GF Value™: ARS68,607.16 vs. price of ARS82,775.00 (20.7% above fair value)
  • GF Score™: 75/100 with 3 warning signs
  • Industry Position: 707.5% above the Retail - Cyclical median (#742 of 794)

No single metric tells the full story. See the BUE:EBAY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


eBay Business Description

Address 2025 Hamilton Avenue, San Jose, CA, USA, 95125
Founded in 1995, eBay operates one of the world's largest online marketplaces, connecting buyers and sellers across more than 190 markets. In 2025, the firm generated $11.1 billion in revenue on nearly $80 billion of gross merchandise volume, serving 135 million active buyers and 18 million active sellers (users who closed at least one transaction in the past year). The firm monetizes its marketplace primarily through transaction fees and advertising, with 52% of revenue derived from the US and the remainder from international markets. In a bid to expand its reach among Generation Z and in the recommerce sector, eBay announced the $1.2 billion acquisition of fashion resale app Depop from Etsy in early 2026.
75GF Score

Get the complete analysis for BUE:EBAY

Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

ARS82,775.00
Price
ARS68,607.16
GF Value