eBay (XBUL:EBA) Cyclically Adjusted PS Ratio: (As of Aug. 10, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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 PS Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PS 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 PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.


eBay Cyclically Adjusted PS Ratio Related Terms


eBay Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for eBay's Cyclically Adjusted PS 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 PS Ratio Chart

eBay Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.03 3.42 3.21 4.21 5.27

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 PS 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 4.74 5.62 5.27 5.27 6.25

XBUL:EBA vs JD, SE, CPNG: Cyclically Adjusted PS Ratio Comparison

For the Internet Retail subindustry, eBay's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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 PS Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, eBay's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where eBay's Cyclically Adjusted PS Ratio falls into.



eBay Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS 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 PS Ratio.

eBay's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

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

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=10.617/333.9520*333.9520
=10.617

Current CPI (Jun. 2026) = 333.9520.

eBay Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 3.343 241.428 4.624
201612 4.173 241.432 5.772
201703 3.589 243.801 4.916
201706 3.808 244.955 5.192
201709 3.980 246.819 5.385
201712 4.496 246.524 6.090
201803 4.306 249.554 5.762
201806 4.516 251.989 5.985
201809 4.628 252.439 6.122
201812 1.413 251.233 1.878
201903 4.564 254.202 5.996
201906 4.800 256.143 6.258
201909 4.274 256.759 5.559
201912 2.171 256.974 2.821
202003 4.830 258.115 6.249
202006 5.645 257.797 7.313
202009 5.478 260.280 7.029
202012 6.106 260.474 7.828
202103 6.538 264.877 8.243
202106 6.690 271.696 8.223
202109 6.528 274.310 7.947
202112 7.262 278.802 8.699
202203 7.265 287.504 8.439
202206 7.482 296.311 8.432
202209 7.459 296.808 8.392
202212 7.939 296.797 8.933
202303 7.968 301.836 8.816
202306 8.124 305.109 8.892
202309 8.071 307.789 8.757
202312 8.446 306.746 9.195
202403 8.458 312.332 9.043
202406 8.713 314.175 9.261
202409 8.726 315.301 9.242
202412 8.737 315.605 9.245
202503 8.757 319.799 9.145
202506 9.248 322.561 9.575
202509 9.553 324.800 9.822
202512 10.044 324.054 10.351
202603 10.464 330.213 10.582
202606 10.617 333.952 10.617

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue 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.