eBay (LIM:EBAY) Cyclically Adjusted PB Ratio: (As of Jul. 30, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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.
Reviewed by: Charlie Tian Charlie Tian
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.

What is eBay Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


eBay  (LIM: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
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 6.44 7.22 8.69 8.29 8.46

LIM: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.



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 Book per Share for the quarter that ended in Mar. 2026 is calculated as:

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

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=9.135/330.2130*330.2130
=9.135

Current CPI (Mar. 2026) = 330.2130.

eBay Quarterly Data

Book Value per Share CPI Adj_Book
201606 5.617 241.018 7.696
201609 6.040 241.428 8.261
201612 9.427 241.432 12.894
201703 10.743 243.801 14.551
201706 10.601 244.955 14.291
201709 10.542 246.819 14.104
201712 7.706 246.524 10.322
201803 7.643 249.554 10.113
201806 7.189 251.989 9.421
201809 7.195 252.439 9.412
201812 6.523 251.233 8.574
201903 5.939 254.202 7.715
201906 4.876 256.143 6.286
201909 3.993 256.759 5.135
201912 3.526 256.974 4.531
202003 2.794 258.115 3.574
202006 4.082 257.797 5.229
202009 4.124 260.280 5.232
202012 5.109 260.474 6.477
202103 5.440 264.877 6.782
202106 19.001 271.696 23.093
202109 16.634 274.310 20.024
202112 15.822 278.802 18.740
202203 12.017 287.504 13.802
202206 9.430 296.311 10.509
202209 8.856 296.808 9.853
202212 9.490 296.797 10.558
202303 9.957 301.836 10.893
202306 9.810 305.109 10.617
202309 11.088 307.789 11.896
202312 12.276 306.746 13.215
202403 12.087 312.332 12.779
202406 10.897 314.175 11.453
202409 10.972 315.301 11.491
202412 10.679 315.605 11.173
202503 10.248 319.799 10.582
202506 9.832 322.561 10.065
202509 9.770 324.800 9.933
202512 9.555 324.054 9.737
202603 9.135 330.213 9.135

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 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.