eBay Inc. (EBAY)


Common Stock Valuation Ratios (Price Multiples)
Quarterly Data

Difficulty: Beginner


Historical Valuation Ratios (Summary)

eBay Inc., historical price multiples (quarterly data)

Microsoft Excel LibreOffice Calc
Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014
Price to earnings (P/E) 12.71 12.32 5.22 5.29 4.50 4.79 17.95 17.48 18.36 16.36 14.94 14.49 23.86 1,433.64
Price to operating profit (P/OP) 14.91 14.03 12.68 15.16 16.73 18.93 17.54 17.78 15.60 14.98 13.81 14.17 12.72 12.84 13.07 12.45 22.60 18.77
Price to sales (P/S) 3.11 2.90 2.67 3.30 3.87 4.48 4.20 4.28 3.89 3.88 3.64 3.85 3.35 3.28 3.03 2.59 4.56 3.68
Price to book value (P/BV) 6.45 4.96 4.03 4.72 5.06 5.32 3.48 3.42 3.04 3.30 4.76 5.24 4.60 4.29 5.22 1.76 3.66 3.31 3.00 3.37 3.34

Based on: 10-Q (filing date: 2019-04-24), 10-K (filing date: 2019-01-30), 10-Q (filing date: 2018-10-31), 10-Q (filing date: 2018-07-19), 10-Q (filing date: 2018-04-26), 10-K (filing date: 2018-02-05), 10-Q (filing date: 2017-10-20), 10-Q (filing date: 2017-07-21), 10-Q (filing date: 2017-04-20), 10-K (filing date: 2017-02-06), 10-Q (filing date: 2016-10-20), 10-Q (filing date: 2016-07-21), 10-Q (filing date: 2016-04-27), 10-K (filing date: 2016-02-01), 10-Q (filing date: 2015-10-28), 10-Q (filing date: 2015-07-21), 10-Q (filing date: 2015-04-23), 10-K (filing date: 2015-02-06), 10-Q (filing date: 2014-10-16), 10-Q (filing date: 2014-07-18), 10-Q (filing date: 2014-05-01).

Ratio Description The company
P/E ratio The P/E ratio tells analyst how much an investor in common stock pays per dollar of current earnings. eBay Inc.’s P/E ratio increased from Q3 2018 to Q4 2018 and from Q4 2018 to Q1 2019.
P/OP ratio Because P/E ratio is calculated using net income, the ratio can be sensitive to nonrecurring earnings and capital structure, analysts may use price to operating profit. eBay Inc.’s P/OP ratio increased from Q3 2018 to Q4 2018 and from Q4 2018 to Q1 2019.
P/S ratio An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. eBay Inc.’s P/S ratio increased from Q3 2018 to Q4 2018 and from Q4 2018 to Q1 2019.
P/BV ratio The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company’s required rate of return and its actual rate of return. eBay Inc.’s P/BV ratio increased from Q3 2018 to Q4 2018 and from Q4 2018 to Q1 2019.

Price to Earnings (P/E)

eBay Inc., historical P/E calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014
No. shares of common stock outstanding1 871,527,401 914,880,451 962,827,199 989,549,611 993,978,034 1,012,079,673 1,044,571,141 1,070,315,519 1,082,338,026 1,087,042,601 1,117,926,440 1,129,018,848 1,148,904,240 1,178,705,177 1,200,653,879 1,218,228,091 1,214,821,692 1,210,046,829 1,242,367,268 1,241,212,669 1,267,342,622
Selected Financial Data (USD $)
Net income (loss) (in millions) 518  760  721  642  407  (2,601) 523  27  1,035  5,936  413  435  482  477  539  83  626  1,023  673  676  (2,326)
Earnings per share (EPS)3 3.03 2.77 -0.86 -1.04 -1.65 -1.00 7.20 6.92 7.22 6.68 1.62 1.71 1.38 1.46 1.89 1.97 2.47 0.04 0.00 0.00 0.00
Share price1, 2 38.52 34.08 29.03 34.11 38.68 42.37 37.61 36.61 32.53 32.03 29.02 29.93 25.27 23.94 28.25 28.60 58.89 54.50 47.88 51.48 51.69
Ratio
P/E ratio4 12.71 12.32 5.22 5.29 4.50 4.79 17.95 17.48 18.36 16.36 14.94 14.49 23.86 1,433.64

Based on: 10-Q (filing date: 2019-04-24), 10-K (filing date: 2019-01-30), 10-Q (filing date: 2018-10-31), 10-Q (filing date: 2018-07-19), 10-Q (filing date: 2018-04-26), 10-K (filing date: 2018-02-05), 10-Q (filing date: 2017-10-20), 10-Q (filing date: 2017-07-21), 10-Q (filing date: 2017-04-20), 10-K (filing date: 2017-02-06), 10-Q (filing date: 2016-10-20), 10-Q (filing date: 2016-07-21), 10-Q (filing date: 2016-04-27), 10-K (filing date: 2016-02-01), 10-Q (filing date: 2015-10-28), 10-Q (filing date: 2015-07-21), 10-Q (filing date: 2015-04-23), 10-K (filing date: 2015-02-06), 10-Q (filing date: 2014-10-16), 10-Q (filing date: 2014-07-18), 10-Q (filing date: 2014-05-01).

1 Data adjusted for splits and stock dividends.

2 Close price on the filing date of eBay Inc.’s Quarterly or Annual Report.

Q1 2019 Calculations

3 EPS = (Net income (loss)Q1 2019 + Net income (loss)Q4 2018 + Net income (loss)Q3 2018 + Net income (loss)Q2 2018) ÷ No. shares of common stock outstanding
= (518,000,000 + 760,000,000 + 721,000,000 + 642,000,000) ÷ 871,527,401 = 3.03

4 P/E ratio = Share price ÷ EPS
= 38.52 ÷ 3.03 = 12.71

Ratio Description The company
P/E ratio The P/E ratio tells analyst how much an investor in common stock pays per dollar of current earnings. eBay Inc.’s P/E ratio increased from Q3 2018 to Q4 2018 and from Q4 2018 to Q1 2019.

Price to Operating Profit (P/OP)

eBay Inc., historical P/OP calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014
No. shares of common stock outstanding1 871,527,401 914,880,451 962,827,199 989,549,611 993,978,034 1,012,079,673 1,044,571,141 1,070,315,519 1,082,338,026 1,087,042,601 1,117,926,440 1,129,018,848 1,148,904,240 1,178,705,177 1,200,653,879 1,218,228,091 1,214,821,692 1,210,046,829 1,242,367,268 1,241,212,669 1,267,342,622
Selected Financial Data (USD $)
Income from operations (in millions) 609  681  556  406  579  663  578  478  546  638  542  531  614  662  578  428  529  1,061  781  794  878 
Operating profit per share3 2.58 2.43 2.29 2.25 2.31 2.24 2.14 2.06 2.09 2.14 2.10 2.11 1.99 1.86 2.16 2.30 2.61 2.90 0.00 0.00 0.00
Share price1, 2 38.52 34.08 29.03 34.11 38.68 42.37 37.61 36.61 32.53 32.03 29.02 29.93 25.27 23.94 28.25 28.60 58.89 54.50 47.88 51.48 51.69
Ratio
P/OP ratio4 14.91 14.03 12.68 15.16 16.73 18.93 17.54 17.78 15.60 14.98 13.81 14.17 12.72 12.84 13.07 12.45 22.60 18.77

Based on: 10-Q (filing date: 2019-04-24), 10-K (filing date: 2019-01-30), 10-Q (filing date: 2018-10-31), 10-Q (filing date: 2018-07-19), 10-Q (filing date: 2018-04-26), 10-K (filing date: 2018-02-05), 10-Q (filing date: 2017-10-20), 10-Q (filing date: 2017-07-21), 10-Q (filing date: 2017-04-20), 10-K (filing date: 2017-02-06), 10-Q (filing date: 2016-10-20), 10-Q (filing date: 2016-07-21), 10-Q (filing date: 2016-04-27), 10-K (filing date: 2016-02-01), 10-Q (filing date: 2015-10-28), 10-Q (filing date: 2015-07-21), 10-Q (filing date: 2015-04-23), 10-K (filing date: 2015-02-06), 10-Q (filing date: 2014-10-16), 10-Q (filing date: 2014-07-18), 10-Q (filing date: 2014-05-01).

1 Data adjusted for splits and stock dividends.

2 Close price on the filing date of eBay Inc.’s Quarterly or Annual Report.

Q1 2019 Calculations

3 Operating profit per share = (Income from operationsQ1 2019 + Income from operationsQ4 2018 + Income from operationsQ3 2018 + Income from operationsQ2 2018) ÷ No. shares of common stock outstanding
= (609,000,000 + 681,000,000 + 556,000,000 + 406,000,000) ÷ 871,527,401 = 2.58

4 P/OP ratio = Share price ÷ Operating profit per share
= 38.52 ÷ 2.58 = 14.91

Ratio Description The company
P/OP ratio Because P/E ratio is calculated using net income, the ratio can be sensitive to nonrecurring earnings and capital structure, analysts may use price to operating profit. eBay Inc.’s P/OP ratio increased from Q3 2018 to Q4 2018 and from Q4 2018 to Q1 2019.

Price to Sales (P/S)

eBay Inc., historical P/S calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014
No. shares of common stock outstanding1 871,527,401 914,880,451 962,827,199 989,549,611 993,978,034 1,012,079,673 1,044,571,141 1,070,315,519 1,082,338,026 1,087,042,601 1,117,926,440 1,129,018,848 1,148,904,240 1,178,705,177 1,200,653,879 1,218,228,091 1,214,821,692 1,210,046,829 1,242,367,268 1,241,212,669 1,267,342,622
Selected Financial Data (USD $)
Net revenues (in millions) 2,643  2,877  2,649  2,640  2,580  2,613  2,409  2,328  2,217  2,395  2,217  2,230  2,137  2,322  2,099  2,110  2,061  4,921  4,353  4,366  4,262 
Sales per share3 12.40 11.75 10.89 10.35 9.99 9.45 8.95 8.56 8.37 8.26 7.97 7.78 7.54 7.29 9.32 11.04 12.92 14.79 0.00 0.00 0.00
Share price1, 2 38.52 34.08 29.03 34.11 38.68 42.37 37.61 36.61 32.53 32.03 29.02 29.93 25.27 23.94 28.25 28.60 58.89 54.50 47.88 51.48 51.69
Ratio
P/S ratio4 3.11 2.90 2.67 3.30 3.87 4.48 4.20 4.28 3.89 3.88 3.64 3.85 3.35 3.28 3.03 2.59 4.56 3.68

Based on: 10-Q (filing date: 2019-04-24), 10-K (filing date: 2019-01-30), 10-Q (filing date: 2018-10-31), 10-Q (filing date: 2018-07-19), 10-Q (filing date: 2018-04-26), 10-K (filing date: 2018-02-05), 10-Q (filing date: 2017-10-20), 10-Q (filing date: 2017-07-21), 10-Q (filing date: 2017-04-20), 10-K (filing date: 2017-02-06), 10-Q (filing date: 2016-10-20), 10-Q (filing date: 2016-07-21), 10-Q (filing date: 2016-04-27), 10-K (filing date: 2016-02-01), 10-Q (filing date: 2015-10-28), 10-Q (filing date: 2015-07-21), 10-Q (filing date: 2015-04-23), 10-K (filing date: 2015-02-06), 10-Q (filing date: 2014-10-16), 10-Q (filing date: 2014-07-18), 10-Q (filing date: 2014-05-01).

1 Data adjusted for splits and stock dividends.

2 Close price on the filing date of eBay Inc.’s Quarterly or Annual Report.

Q1 2019 Calculations

3 Sales per share = (Net revenuesQ1 2019 + Net revenuesQ4 2018 + Net revenuesQ3 2018 + Net revenuesQ2 2018) ÷ No. shares of common stock outstanding
= (2,643,000,000 + 2,877,000,000 + 2,649,000,000 + 2,640,000,000) ÷ 871,527,401 = 12.40

4 P/S ratio = Share price ÷ Sales per share
= 38.52 ÷ 12.40 = 3.11

Ratio Description The company
P/S ratio An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. eBay Inc.’s P/S ratio increased from Q3 2018 to Q4 2018 and from Q4 2018 to Q1 2019.

Price to Book Value (P/BV)

eBay Inc., historical P/BV calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014
No. shares of common stock outstanding1 871,527,401 914,880,451 962,827,199 989,549,611 993,978,034 1,012,079,673 1,044,571,141 1,070,315,519 1,082,338,026 1,087,042,601 1,117,926,440 1,129,018,848 1,148,904,240 1,178,705,177 1,200,653,879 1,218,228,091 1,214,821,692 1,210,046,829 1,242,367,268 1,241,212,669 1,267,342,622
Selected Financial Data (USD $)
Stockholders’ equity (in millions) 5,203  6,281  6,929  7,146  7,596  8,063  11,283  11,474  11,595  10,539  6,819  6,453  6,317  6,576  6,492  19,805  19,538  19,906  19,810  18,970  19,609 
Book value per share (BVPS)3 5.97 6.87 7.20 7.22 7.64 7.97 10.80 10.72 10.71 9.70 6.10 5.72 5.50 5.58 5.41 16.26 16.08 16.45 15.95 15.28 15.47
Share price1, 2 38.52 34.08 29.03 34.11 38.68 42.37 37.61 36.61 32.53 32.03 29.02 29.93 25.27 23.94 28.25 28.60 58.89 54.50 47.88 51.48 51.69
Ratio
P/BV ratio4 6.45 4.96 4.03 4.72 5.06 5.32 3.48 3.42 3.04 3.30 4.76 5.24 4.60 4.29 5.22 1.76 3.66 3.31 3.00 3.37 3.34

Based on: 10-Q (filing date: 2019-04-24), 10-K (filing date: 2019-01-30), 10-Q (filing date: 2018-10-31), 10-Q (filing date: 2018-07-19), 10-Q (filing date: 2018-04-26), 10-K (filing date: 2018-02-05), 10-Q (filing date: 2017-10-20), 10-Q (filing date: 2017-07-21), 10-Q (filing date: 2017-04-20), 10-K (filing date: 2017-02-06), 10-Q (filing date: 2016-10-20), 10-Q (filing date: 2016-07-21), 10-Q (filing date: 2016-04-27), 10-K (filing date: 2016-02-01), 10-Q (filing date: 2015-10-28), 10-Q (filing date: 2015-07-21), 10-Q (filing date: 2015-04-23), 10-K (filing date: 2015-02-06), 10-Q (filing date: 2014-10-16), 10-Q (filing date: 2014-07-18), 10-Q (filing date: 2014-05-01).

1 Data adjusted for splits and stock dividends.

2 Close price on the filing date of eBay Inc.’s Quarterly or Annual Report.

Q1 2019 Calculations

3 BVPS = Stockholders’ equity ÷ No. shares of common stock outstanding
= 5,203,000,000 ÷ 871,527,401 = 5.97

4 P/BV ratio = Share price ÷ BVPS
= 38.52 ÷ 5.97 = 6.45

Ratio Description The company
P/BV ratio The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company’s required rate of return and its actual rate of return. eBay Inc.’s P/BV ratio increased from Q3 2018 to Q4 2018 and from Q4 2018 to Q1 2019.