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eBay (EBAY) E10 : $5.58 (As of Mar. 2025)


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What is eBay E10?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

eBay's adjusted earnings per share data for the three months ended in Mar. 2025 was $1.060. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $5.58 for the trailing ten years ended in Mar. 2025.

During the past 12 months, eBay's average E10 Growth Rate was 4.50% per year. During the past 3 years, the average E10 Growth Rate was 5.10% per year. During the past 5 years, the average E10 Growth Rate was 20.30% per year. During the past 10 years, the average E10 Growth Rate was 16.00% 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 E10 growth rate using E10 data.

During the past 13 years, the highest 3-Year average E10 Growth Rate of eBay was 31.50% per year. The lowest was 1.50% per year. And the median was 12.90% per year.

As of today (2025-07-23), eBay's current stock price is $81.93. eBay's E10 for the quarter that ended in Mar. 2025 was $5.58. eBay's Shiller PE Ratio of today is 14.68.

During the past 13 years, the highest Shiller PE Ratio of eBay was 23.82. The lowest was 7.77. And the median was 16.37.


eBay E10 Historical Data

The historical data trend for eBay's E10 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 E10 Chart

eBay Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.75 4.71 4.54 4.93 5.47

eBay Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
E10 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 5.34 5.35 5.42 5.47 5.58

Competitive Comparison of eBay's E10

For the Internet Retail subindustry, eBay's Shiller PE Ratio, along with its competitors' market caps and Shiller PE 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's Shiller PE Ratio Distribution in the Retail - Cyclical Industry

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

* The bar in red indicates where eBay's Shiller PE Ratio falls into.


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eBay E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

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 earnings per share data for the three months ended in Mar. 2025 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=1.06/134.9266*134.9266
=1.060

Current CPI (Mar. 2025) = 134.9266.

eBay Quarterly Data

per share eps CPI Adj_EPS
201506 0.070 100.684 0.094
201509 0.450 100.392 0.605
201512 0.390 99.792 0.527
201603 0.410 100.470 0.551
201606 0.380 101.688 0.504
201609 0.360 101.861 0.477
201612 5.300 101.863 7.020
201703 0.940 102.862 1.233
201706 0.030 103.349 0.039
201709 0.480 104.136 0.622
201712 -2.510 104.011 -3.256
201803 0.400 105.290 0.513
201806 0.640 106.317 0.812
201809 0.730 106.507 0.925
201812 0.800 105.998 1.018
201903 0.570 107.251 0.717
201906 0.460 108.070 0.574
201909 0.370 108.329 0.461
201912 0.690 108.420 0.859
202003 4.510 108.902 5.588
202006 1.050 108.767 1.303
202009 0.940 109.815 1.155
202012 1.210 109.897 1.486
202103 0.920 111.754 1.111
202106 15.680 114.631 18.456
202109 0.400 115.734 0.466
202112 3.250 117.630 3.728
202203 -2.280 121.301 -2.536
202206 -0.950 125.017 -1.025
202209 -0.130 125.227 -0.140
202212 1.230 125.222 1.325
202303 1.050 127.348 1.112
202306 0.320 128.729 0.335
202309 2.460 129.860 2.556
202312 1.390 129.419 1.449
202403 0.850 131.776 0.870
202406 0.450 132.554 0.458
202409 1.290 133.029 1.308
202412 1.400 133.157 1.419
202503 1.060 134.927 1.060

Add all the adjusted EPS together and divide 10 will get our e10.


eBay  (NAS:EBAY) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

eBay's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=81.93/5.58
=14.68

* 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 Shiller P/E Ratio of eBay was 23.82. The lowest was 7.77. And the median was 16.37.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


eBay E10 Related Terms

Thank you for viewing the detailed overview of eBay's E10 provided by GuruFocus.com. Please click on the following links to see related term pages.


eBay Business Description

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.
Executives
Jamie Iannone director, officer: President and CEO C/O BARNES & NOBLE, INC., 122 FIFTH AVENUE, NEW YORK NY 10111
Julie A Loeger officer: SVP, Chief Growth Officer 2500 LAKE COOK ROAD, RIVERWOODS IL 60015
Rebecca Spencer officer: VP, Chief Accounting Officer C/O EBAY INC., 2025 HAMILTON AVE., SAN JOSE CA 95125
Edward O Garcia officer: SVP, Chief Product Officer C/O EBAY INC, 2025 HAMILTON AVENUE, SAN JOSE CA 95125
Stephen J Priest officer: SVP, Chief Financial Officer C/O JETBLUE AIRWAYS CORPORATIOM, 27-01 QUEENS PLAZA NORTH, LONG ISLAND CITY NY 11101
Boone Cornelius officer: Chief People Officer C/O EBAY INC., 2025 HAMILTON AVE., SAN JOSE CA 95125
Marie Oh Huber officer: SVP, GC & Secretary C/O EBAY INC., 2025 HAMILTON AVENUE, SAN JOSE CA 95125
Paul S Pressler director C/O EBAY INC., 2025 HAMILTON AVENUE, SAN JOSE CA 95125
Shripriya Mahesh Ramanan director C/O EBAY INC., 2025 HAMILTON AVE., SAN JOSE CA 95125
Robert Holmes Swan officer: SVP, Finance & CFO C/O EBAY INC., 2025 HAMILTON AVENUE, SAN JOSE CA 95125
Brian J. Doerger officer: VP, Chief Accounting Officer C/O EBAY INC., 2025 HAMILTON AVENUE, SAN JOSE CA 95125
Aparna Chennapragada director C/O EBAY, INC., 2025 HAMILTON AVE., SAN JOSE CA 95125
Pete Thompson officer: SVP, Chief Product Officer 1778 MCCARTHY BLVD, MILPITAS CA 95035
Kathleen C. Mitic director C/O EBAY INC., 2065 HAMILTON AVENUE, SAN JOSE CA 95125
Logan Green director C/O EBAY INC., 2025 HAMILTON AVE., SAN JOSE CA 95125