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eBay (MEX:EBAY) E10 : MXN111.25 (As of Dec. 2024)


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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 Dec. 2024 was MXN29.198. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is MXN111.25 for the trailing ten years ended in Dec. 2024.

During the past 12 months, eBay's average E10 Growth Rate was 11.00% 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 (2025-03-23), eBay's current stock price is MXN1311.23. eBay's E10 for the quarter that ended in Dec. 2024 was MXN111.25. eBay's Shiller PE Ratio of today is 11.79.

During the past 13 years, the highest Shiller PE Ratio of eBay was 23.82. The lowest was 7.77. And the median was 16.57.


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 54.67 96.97 85.61 83.02 111.25

eBay Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 83.02 87.11 97.70 104.33 111.25

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.



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 Dec. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=29.198/133.1571*133.1571
=29.198

Current CPI (Dec. 2024) = 133.1571.

eBay Quarterly Data

per share eps CPI Adj_EPS
201503 7.775 99.621 10.392
201506 1.098 100.684 1.452
201509 7.604 100.392 10.086
201512 6.706 99.792 8.948
201603 7.058 100.470 9.354
201606 7.028 101.688 9.203
201609 6.961 101.861 9.100
201612 109.270 101.863 142.840
201703 17.699 102.862 22.912
201706 0.542 103.349 0.698
201709 8.711 104.136 11.139
201712 -49.295 104.011 -63.108
201803 7.267 105.290 9.190
201806 12.576 106.317 15.751
201809 13.655 106.507 17.072
201812 15.708 105.998 19.733
201903 11.057 107.251 13.728
201906 8.836 108.070 10.887
201909 7.305 108.329 8.979
201912 13.013 108.420 15.982
202003 105.750 108.902 129.304
202006 24.236 108.767 29.671
202009 20.766 109.815 25.180
202012 24.069 109.897 29.163
202103 18.806 111.754 22.408
202106 312.126 114.631 362.569
202109 8.225 115.734 9.463
202112 66.671 117.630 75.472
202203 -45.397 121.301 -49.834
202206 -19.112 125.017 -20.356
202209 -2.615 125.227 -2.781
202212 23.980 125.222 25.500
202303 18.926 127.348 19.789
202306 5.486 128.729 5.675
202309 42.850 129.860 43.938
202312 23.594 129.419 24.275
202403 14.107 131.776 14.255
202406 8.244 132.554 8.282
202409 25.400 133.029 25.424
202412 29.198 133.157 29.198

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


eBay  (MEX: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
=1311.23/111.25
=11.79

* 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 16.57.


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.