eBayCHIX:EBAD 82 ROC (Joel Greenblatt) % is 160.35% as of Mar. 2026, which is 3% above its 10-year median of 155.17. GuruFocus rates CHIX:EBAD with a GF Score™ of 82/100 and a GF Value™ of €43.69. The stock has 8 warning signs investors should review. Among 1,123 Retail - Cyclical companies, eBay ranks better than 95.9% on this metric.
Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits). He defines ROC (Joel Greenblatt) % as EBIT divided by the total of Property, Plant and Equipment and net working capital. eBay's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 160.35%.
The historical rank and industry rank for eBay's ROC (Joel Greenblatt) % or its related term are showing as below:
CHIX:EBAd'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -83.39 Med: 155.17 Max: 252.51
Current: 148.31
During the past 13 years, eBay's highest ROC (Joel Greenblatt) % was 252.51%. The lowest was -83.39%. And the median was 155.17%.
CHIX:EBAd's ROC (Joel Greenblatt) % is ranked better than 95.9% of 1123
companies
in the Retail - Cyclical industry
Industry Median: 11.57
vs CHIX:EBAd: 148.31
eBay's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
The way Joel Greenblatt defines Return on Capital is a more accurate measure of how efficiently the company generates returns onthe capital actually invested in the business. EBIT is used instead of net income because the tax and interest payment may be affected by factors other than the core business operation. Intangible assets are not included in the calculation because they don't need to be replaced.
The historical data trend for eBay's ROC (Joel Greenblatt) % 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.
CHIX:EBAD vs SE, JD, CPNG: ROC (Joel Greenblatt) % Comparison
For the Internet Retail subindustry, eBay's ROC (Joel Greenblatt) %, along with its competitors' market caps and ROC (Joel Greenblatt) % 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 ROC (Joel Greenblatt) % vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, eBay's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where eBay's ROC (Joel Greenblatt) % falls into.
Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits) . He defines Return on Capital as follows:
EBIT stands for Earnings Before Interest and Taxes.
Fixed Assets are also known as non-current assets. They include the Property, Plant and Equipment that the firm needs in its operation.
GuruFocus calculates net working capital as: (Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Deferred Revenue + Other Current Liabilities). We're trying to account for OPERATING assets and liabilities (part of daily business) when calculating working capital. Cash and marketable securities are considered NON-OPERATING assets and are not included in calculation. We will also back out all interest bearing debt, short term debt and the portion of long term debt that is due in the current period from the current liabilities. This debt will be considered when computing cost of capital and it would be inappropriate to count it twice.
Note:
The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.
* 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.
What does a ROC (Joel Greenblatt) % of 160.35% mean?
eBay (CHIX:EBAD) has a ROC (Joel Greenblatt) % of 160.35% as of Mar. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on eBay and its competitors. This is near median its historical median of 155.17. According to the industry distribution chart, eBay ranks #46 out of 1123 companies in the Retail - Cyclical industry, placing it in the top 4.1%.
Is eBay's ROC (Joel Greenblatt) % too high?
eBay's current ROC (Joel Greenblatt) % of 160.35% is near median its 10-year median of 155.17. The Retail - Cyclical industry median ROC (Joel Greenblatt) % is 11.57. eBay's value of 160.35% is 1285.9% above this industry median. Based on the distribution chart, eBay ranks #46 out of 1123 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, eBay has a GF Score™ of 82/100, reflecting its overall financial health beyond just this single metric.
How does eBay's ROC (Joel Greenblatt) % compare to SE and JD?
According to the Retail - Cyclical industry distribution chart, eBay ranks #46 out of 1123 companies for ROC (Joel Greenblatt) %. This places eBay in the top 4% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 11.57. eBay's value of 160.35% is 1285.9% above this benchmark. While the company's 10-year median is 155.17 vs. the industry median of 11.57, eBay has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROC (Joel Greenblatt) % for a Retail - Cyclical company?
The median ROC (Joel Greenblatt) % among Retail - Cyclical companies is 11.57, based on 1,123 companies in the industry. Companies in the top quartile (top 25%) have a ROC (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, ROC (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. eBay's current ROC (Joel Greenblatt) % of 160.35% is 1285.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROC (Joel Greenblatt) % mean?
A high ROC (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on eBay and its competitors. For the Retail - Cyclical industry, the median ROC (Joel Greenblatt) % is 11.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. eBay's current ROC (Joel Greenblatt) % is 160.35%, which is near median its own 10-year median of 155.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is eBay stock overvalued right now?
eBay (CHIX:EBAD) has a current ROC (Joel Greenblatt) % of 160.35%. The stock's GF Value™ is €43.69, compared to a current price of €60.22 — trading 37.8% above its estimated fair value. The current ROC (Joel Greenblatt) % is 160.35%, which is near median its 10-year median of 155.17 and 1285.9% above the Retail - Cyclical industry median of 11.57. eBay's overall GF Score™ is 82/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROC (Joel Greenblatt) % calculated?
ROC (Joel Greenblatt) % is calculated from a company's financial statements. For eBay (CHIX:EBAD), the current ROC (Joel Greenblatt) % is 160.35% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is eBay (CHIX:EBAD) Overvalued in 2026?
Based on GuruFocus' analysis, eBay stock appears to be overvalued.
The current stock price of €60.22 is trading 37.8% above its estimated GF Value™ of €43.69.
Key valuation signals for CHIX:EBAD:
ROC (Joel Greenblatt) %: 160.35% (near median its 10-year median of 155.17)
GF Value™: €43.69 vs. price of €60.22 (37.8% above fair value)
Industry Position: 1285.9% above the Retail - Cyclical median (#46 of 1123)
No single metric tells the full story. See the CHIX:EBAD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
82GF Score
Get the complete analysis for CHIX:EBAD
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
CHIX:EBAD has been successfully added to your 
