29 years of historical data (1997–2025) · Consumer Cyclical · Specialty Retail
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
eBay Inc. trades at 20.9x earnings, 77% above its 5-year average of 11.8x, sitting at the 70th percentile of its historical range. Compared to the Consumer Cyclical sector median P/E of 18.8x, the stock trades at a premium of 12%. On a free-cash-flow basis, the stock trades at 27.5x P/FCF, 58% above the 5-year average of 17.4x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $40.8B | $40.1B | $31.0B | $23.2B | $23.1B | $43.4B | $36.1B | $30.9B | $27.8B | $40.2B | $34.0B |
| Enterprise Value | $46.0B | $45.3B | $36.1B | $29.5B | $30.4B | $51.4B | $43.1B | $38.4B | $34.8B | $48.0B | $41.1B |
| P/E Ratio → | 20.94 | 20.07 | 15.72 | 8.40 | — | 3.19 | 6.37 | 17.28 | 11.01 | — | 4.68 |
| P/S Ratio | 3.68 | 3.61 | 3.02 | 2.30 | 2.36 | 4.16 | 4.06 | 4.16 | 3.22 | 4.05 | 3.65 |
| P/B Ratio | 9.06 | 8.68 | 6.02 | 3.63 | 4.49 | 4.43 | 10.13 | 10.77 | 4.43 | 4.98 | 3.22 |
| P/FCF | 27.49 | 27.00 | 15.87 | 11.80 | 12.82 | 19.59 | 18.74 | 12.06 | 13.86 | 16.19 | 15.44 |
| P/OCF | 20.31 | 19.94 | 12.86 | 9.58 | 10.27 | 16.32 | 14.92 | 9.93 | 10.47 | 12.76 | 12.02 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
eBay Inc.'s enterprise value stands at 17.9x EBITDA, 28% above its 5-year average of 13.9x. The Consumer Cyclical sector median is 11.0x, placing the stock at a 63% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 4.08 | 3.51 | 2.91 | 3.10 | 4.93 | 4.84 | 5.16 | 4.03 | 4.84 | 4.42 |
| EV / EBITDA | 17.86 | 17.58 | 13.68 | 12.57 | 10.88 | 15.00 | 13.38 | 16.19 | 14.59 | 16.34 | 13.66 |
| EV / EBIT | 20.20 | 18.17 | 14.25 | 7.42 | — | 77.04 | 11.80 | 19.54 | 13.44 | 18.71 | 10.60 |
| EV / FCF | — | 30.50 | 18.48 | 14.96 | 16.83 | 23.22 | 22.37 | 14.97 | 17.35 | 19.37 | 18.68 |
Margins and return-on-capital ratios measuring operating efficiency
eBay Inc. earns an operating margin of 20.5%, significantly above the Consumer Cyclical sector average of 2.4%. Operating margins have expanded from 19.2% to 20.5% over the past 3 years, signaling improving operational efficiency. Return on equity of 41.6% is exceptionally high — well above the sector median of 6.5%. ROIC of 17.0% represents solid returns on invested capital versus a sector median of 5.6%.
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 71.5% | 71.5% | 72.0% | 72.0% | 72.6% | 74.6% | 79.8% | 78.7% | 76.6% | 77.6% | 78.4% |
| Operating Margin | 20.5% | 20.5% | 22.5% | 19.2% | 24.0% | 28.1% | 29.6% | 23.8% | 20.3% | 22.8% | 25.0% |
| Net Profit Margin | 18.3% | 18.3% | 19.2% | 27.4% | -13.0% | 130.6% | 63.7% | 24.0% | 29.2% | -10.2% | 78.1% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 41.6% | 41.6% | 34.2% | 47.9% | -17.0% | 204.0% | 176.2% | 39.0% | 35.3% | -10.9% | 84.9% |
| ROA | 11.0% | 11.0% | 9.6% | 13.0% | -5.3% | 59.2% | 30.2% | 8.7% | 10.4% | -4.1% | 34.9% |
| ROIC | 17.0% | 17.0% | 15.2% | 11.6% | 11.7% | 15.5% | 19.0% | 11.2% | 9.0% | 10.1% | 12.0% |
| ROCE | 17.4% | 17.4% | 15.3% | 11.5% | 12.2% | 15.7% | 17.9% | 10.9% | 8.6% | 10.7% | 13.1% |
Solvency and debt-coverage ratios — lower is generally safer
eBay Inc. carries a Debt/EBITDA ratio of 2.7x, which is moderately leveraged (34% below the sector average of 4.2x). Net debt stands at $5.2B ($7.1B total debt minus $1.9B cash). Interest coverage of 9.3x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.53 | 1.53 | 1.52 | 1.29 | 1.83 | 0.96 | 2.31 | 2.92 | 1.47 | 1.24 | 0.85 |
| Debt / EBITDA | 2.74 | 2.74 | 2.98 | 3.51 | 3.37 | 2.75 | 2.55 | 3.53 | 3.87 | 3.41 | 2.98 |
| Net Debt / Equity | — | 1.13 | 0.99 | 0.97 | 1.40 | 0.82 | 1.96 | 2.60 | 1.12 | 0.98 | 0.68 |
| Net Debt / EBITDA | 2.02 | 2.02 | 1.93 | 2.65 | 2.59 | 2.34 | 2.17 | 3.14 | 2.94 | 2.68 | 2.37 |
| Debt / FCF | — | 3.50 | 2.61 | 3.16 | 4.01 | 3.63 | 3.62 | 2.91 | 3.49 | 3.18 | 3.24 |
| Interest Coverage | 9.26 | 9.26 | 8.95 | 7.38 | 10.00 | 10.87 | 8.67 | 8.89 | 5.12 | 7.75 | 10.33 |
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.10x means eBay Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has declined from 2.44x to 1.10x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.10 | 1.10 | 1.24 | 2.44 | 2.18 | 1.97 | 1.80 | 1.16 | 1.60 | 2.18 | 2.31 |
| Quick Ratio | 1.10 | 1.10 | 1.24 | 2.44 | 2.18 | 1.97 | 1.80 | 1.16 | 1.60 | 2.18 | 2.31 |
| Cash Ratio | 0.63 | 0.63 | 1.02 | 1.99 | 1.76 | 1.58 | 0.87 | 0.68 | 1.10 | 1.65 | 1.86 |
| Asset Turnover | — | 0.63 | 0.53 | 0.47 | 0.47 | 0.39 | 0.46 | 0.41 | 0.38 | 0.38 | 0.39 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 42.09 | 33.61 | 43.53 | 36.33 | 27.29 | 26.76 | 57.98 | 58.32 | 49.93 | 46.40 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
eBay Inc. returns 7.4% to shareholders annually — split between a 1.3% dividend yield and 6.1% buyback yield. The payout ratio of 26.1% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 4.8% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 1.3% | 1.3% | 1.7% | 2.3% | 2.1% | 1.1% | 1.2% | 1.5% | — | — | — |
| Payout Ratio | 26.1% | 26.1% | 27.0% | 19.1% | — | 3.4% | 7.9% | 26.5% | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 4.8% | 5.0% | 6.4% | 11.9% | — | 31.4% | 15.7% | 5.8% | 9.1% | — | 21.4% |
| FCF Yield | 3.6% | 3.7% | 6.3% | 8.5% | 7.8% | 5.1% | 5.3% | 8.3% | 7.2% | 6.2% | 6.5% |
| Buyback Yield | 6.1% | 6.2% | 10.1% | 6.0% | 13.6% | 16.3% | 14.2% | 16.1% | 16.2% | 6.8% | 8.7% |
| Total Shareholder Yield | 7.4% | 7.6% | 11.9% | 8.3% | 15.7% | 17.3% | 15.5% | 17.6% | 16.2% | 6.8% | 8.7% |
| Shares Outstanding | — | $460M | $501M | $533M | $558M | $652M | $718M | $856M | $991M | $1.1B | $1.1B |
Compare EBAY with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
| EBAYYou | $41B | 20.9 | 17.9 | 27.5 | 71.5% | 20.5% | 41.6% | 17.0% | 2.7 |
| BABA | $2.7T | 18.4 | 104.2 | 233.7 | 40.0% | 14.1% | 11.8% | 9.6% | 1.4 |
| AMZN | $2.3T | 29.3 | 18.4 | 293.0 | 50.3% | 11.2% | 22.3% | 14.7% | 1.2 |
| PDD | $578B | 9.4 | 35.9 | 32.8 | 60.9% | 27.5% | 44.9% | 40.3% | 0.1 |
| MELI | $89B | 44.6 | 24.1 | 8.3 | 44.5% | 11.1% | 36.0% | 20.8% | 2.8 |
| JD | $8B | 6.8 | 0.8 | 1.3 | 9.8% | 3.3% | 13.6% | 9.9% | 1.9 |
| SE | $5B | 148.6 | 6.3 | 1.7 | 42.8% | 3.9% | 5.9% | 5.4% | 3.9 |
| CPNG | $3B | 173.5 | 1.7 | 5.8 | -196.7% | 5.8% | 1.6% | 3.2% | 8.6 |
| YJ | $1B | -0.4 | — | — | 49.4% | -32.6% | -10.9% | -13.1% | — |
| JMIA | $1B | — | — | — | 53.9% | -33.5% | -109.9% | -3258.1% | — |
| HEPS | $853M | -23.3 | 16.0 | — | 37.5% | 0.0% | -39.7% | — | 1.1 |
| Consumer Cyclical Median | — | 18.8 | 11.0 | 14.0 | 38.6% | 2.4% | 6.5% | 5.6% | 4.2 |
Peers based on L4 peer group classification. Compare multiple stocks →
Includes 30+ ratios · 29 years · Updated daily
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Start ComparisoneBay Inc.'s current P/E ratio is 20.9x. The historical average is 23.2x. This places it at the 70th percentile of its historical range.
eBay Inc.'s current EV/EBITDA is 17.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 14.3x.
eBay Inc.'s return on equity (ROE) is 41.6%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 34.7%.
Based on historical data, eBay Inc. is trading at a P/E of 20.9x. This is at the 70th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
eBay Inc.'s current dividend yield is 1.27% with a payout ratio of 26.1%.
eBay Inc. has 71.5% gross margin and 20.5% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
eBay Inc.'s Debt/EBITDA ratio is 2.7x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.