eBay (XBUL:EBA) Cyclically Adjusted PB Ratio: (As of Aug. 17, 2026)

Author: Vera Yuan Vera Yuan
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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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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  (XBUL:EBA) 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

XBUL:EBA 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 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)
=15.609/333.9520*333.9520
=15.609

Current CPI (Jun. 2026) = 333.9520.

eBay Quarterly Data

Book Value per Share CPI Adj_Book
201609 10.156 241.428 14.048
201612 16.005 241.432 22.138
201703 17.849 243.801 24.449
201706 17.841 244.955 24.323
201709 17.755 246.819 24.023
201712 13.205 246.524 17.888
201803 12.522 249.554 16.757
201806 12.074 251.989 16.001
201809 11.957 252.439 15.818
201812 11.227 251.233 14.924
201903 9.720 254.202 12.769
201906 8.034 256.143 10.475
201909 6.627 256.759 8.619
201912 5.981 256.974 7.773
202003 4.740 258.115 6.133
202006 6.924 257.797 8.969
202009 6.996 260.280 8.976
202012 8.667 260.474 11.112
202103 9.228 264.877 11.634
202106 32.233 271.696 39.619
202109 28.217 274.310 34.352
202112 26.840 278.802 32.149
202203 20.385 287.504 23.678
202206 15.996 296.311 18.028
202209 15.023 296.808 16.903
202212 16.098 296.797 18.113
202303 16.892 301.836 18.689
202306 16.641 305.109 18.214
202309 18.810 307.789 20.409
202312 20.825 306.746 22.672
202403 20.503 312.332 21.922
202406 18.486 314.175 19.650
202409 18.135 315.301 19.208
202412 17.258 315.605 18.261
202503 16.562 319.799 17.295
202506 15.890 322.561 16.451
202509 15.789 324.800 16.234
202512 15.441 324.054 15.913
202603 14.762 330.213 14.929
202606 15.609 333.952 15.609

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.