eBay Inc. (EBAY) Key Metrics
EBAY valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $53.52B
- Enterprise value
- $52.37B
- P/E (TTM)
- 25.3 10-yr median 9.7
- Forward P/E
- 16.6
- PEG ratio
- 1.56
- Price / sales
- 4.5 10-yr median 3.6
- Price / book
- 10.4 10-yr median 4.7
- EV / EBITDA
- 16.3 10-yr median 11.4
- Dividend yield
- 1.03% $1.24 a year
- Beta
- 1.32
EBAY key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsEBAY valuation Price multiples at each fiscal year-end price.
EBAY returns How much profit the business earns on the capital it uses.
EBAY per-share figures Results divided by the shares outstanding at year-end.
EBAY financial health Debt, liquidity and how easily interest is covered.
EBAY efficiency & capital use Working capital cycle and where the cash goes.
EBAY valuation history
EBAY returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
EBAY debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
EBAY cash returned to shareholders
EBAY price vs earnings per share
EBAY key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $40.07B | $31.04B | $23.25B | $23.14B | $43.36B | $36.08B | $30.91B | $27.82B | $40.16B | $33.97B |
| Enterprise value | $44.52B | $32.68B | $22.46B | $25.05B | $45.47B | $40.80B | $36.53B | $32.13B | $44.31B | $35.78B |
| P/E ratio | 19.7 | 15.7 | 8.4 | — | 3.2 | 6.4 | 17.3 | 11.0 | — | 4.7 |
| Price / sales | 3.6 | 3.0 | 2.3 | 2.4 | 4.2 | 4.1 | 4.2 | 3.2 | 4.0 | 3.7 |
| Price / book | 8.7 | 6.0 | 3.6 | 4.5 | 4.4 | 10.1 | 10.8 | 4.4 | 5.0 | 3.2 |
| Price / free cash flow | 24.1 | 15.9 | 11.8 | 12.8 | 19.6 | 18.7 | 12.1 | 13.9 | 16.2 | 15.4 |
| Price / operating cash flow | 18.3 | 12.9 | 9.6 | 10.3 | 16.3 | 14.9 | 9.9 | 10.5 | 12.8 | 12.0 |
| EV / sales | 4.0 | 3.2 | 2.2 | 2.6 | 4.4 | 4.6 | 4.9 | 3.7 | 4.5 | 3.8 |
| EV / EBITDA | 15.0 | 11.4 | 5.1 | — | 38.9 | 9.6 | 14.3 | 10.0 | 13.7 | 7.8 |
| EV / free cash flow | 26.8 | 16.7 | 11.4 | 13.9 | 20.5 | 21.2 | 14.3 | 16.0 | 17.9 | 16.3 |
| Earnings yield | 5.1% | 6.4% | 11.9% | −5.5% | 31.4% | 15.7% | 5.8% | 9.1% | −2.5% | 21.4% |
| Free cash flow yield | 4.1% | 6.3% | 8.5% | 7.8% | 5.1% | 5.3% | 8.3% | 7.2% | 6.2% | 6.5% |
| Dividend yield | 1.3% | 1.7% | 2.3% | 2.1% | 1.1% | 1.2% | 1.5% | 1.7% | 6.2% | 6.5% |
| Shareholder yield (dividends + buybacks) | 7.6% | 11.9% | 8.3% | 15.7% | 17.3% | 15.5% | 17.6% | 17.9% | 13.0% | 15.2% |
| Share price at fiscal year-end | $87.10 | $61.95 | $43.62 | $41.47 | $66.50 | $50.25 | $36.11 | $28.07 | $37.74 | $29.69 |
| Per share | ||||||||||
| Revenue per share | $24.13 | $20.52 | $18.97 | $17.55 | $15.98 | $12.39 | $8.68 | $8.73 | $9.33 | $8.13 |
| Earnings per share | $4.42 | $3.94 | $5.19 | −$2.27 | $20.87 | $7.89 | $2.09 | $2.55 | −$0.96 | $6.35 |
| Operating cash flow per share | $4.75 | $4.82 | $4.55 | $4.04 | $4.08 | $3.37 | $3.64 | $2.68 | $2.96 | $2.47 |
| Free cash flow per share | $3.61 | $3.90 | $3.70 | $3.23 | $3.39 | $2.68 | $2.99 | $2.03 | $2.33 | $1.92 |
| Cash per share | $6.35 | $12.41 | $16.91 | $13.45 | $11.23 | $4.86 | $3.21 | $4.96 | $5.51 | $6.25 |
| Book value per share | $10.03 | $10.30 | $12.00 | $9.23 | $15.00 | $4.96 | $3.35 | $6.34 | $7.58 | $9.21 |
| Tangible book value per share | $0.32 | $1.54 | $3.78 | $1.39 | $8.58 | −$1.03 | −$1.99 | $1.04 | $3.03 | $5.19 |
| Dividends per share | $1.15 | $1.06 | $0.99 | $0.88 | $0.71 | $0.62 | $0.55 | $0.48 | $2.33 | $1.94 |
| Capex per share | $1.14 | $0.91 | $0.86 | $0.80 | $0.68 | $0.69 | $0.64 | $0.66 | $0.63 | $0.55 |
| Debt per share | $16.03 | $15.69 | $15.44 | $16.88 | $14.47 | $11.44 | $9.78 | $9.31 | $9.41 | $7.83 |
| Shares outstanding | 460.0M | 501.0M | 533.0M | 558.0M | 652.0M | 718.0M | 856.0M | 991.0M | 1.06B | 1.14B |
| Change in shares outstanding | −8.2% | −6.0% | −4.5% | −14.4% | −9.2% | −16.1% | −13.6% | −6.9% | −7.0% | −6.2% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 41.6% | 34.2% | 47.9% | −17.0% | 204.0% | 176.2% | 39.0% | 35.3% | −10.9% | 84.9% |
| Return on invested capital (ROIC) | 24.8% | 32.5% | 22.9% | 19.6% | 18.4% | 23.4% | 16.1% | 14.5% | 9.2% | 23.7% |
| Return on assets (ROA) | 11.0% | 9.6% | 13.0% | −5.3% | 59.2% | 30.2% | 8.7% | 10.4% | −4.1% | 34.9% |
| Return on tangible assets | 15.5% | 13.2% | 16.1% | −7.7% | 60.6% | 37.7% | 13.1% | 14.4% | −4.8% | 37.8% |
| Free cash flow margin | 15.0% | 19.0% | 19.5% | 18.4% | 21.2% | 21.6% | 34.5% | 23.2% | 25.0% | 23.7% |
| Income quality (OCF / net income) | 1.08 | 1.22 | 0.88 | — | 0.20 | 0.43 | 1.74 | 1.05 | — | 0.39 |
| Financial health | ||||||||||
| Total debt | $7.38B | $7.86B | $8.23B | $9.42B | $9.43B | $8.21B | $8.37B | $9.23B | $10.02B | $8.96B |
| Cash & short-term investments | $2.92B | $6.22B | $9.02B | $7.51B | $7.32B | $3.49B | $2.75B | $4.92B | $5.86B | $7.15B |
| Net debt | $4.46B | $1.65B | −$787.0M | $1.91B | $2.11B | $4.72B | $5.62B | $4.32B | $4.15B | $1.81B |
| Debt / equity | 1.60 | 1.52 | 1.29 | 1.83 | 0.96 | 2.31 | 2.92 | 1.47 | 1.24 | 0.85 |
| Debt / assets | 0.42 | 0.41 | 0.38 | 0.45 | 0.35 | 0.43 | 0.46 | 0.40 | 0.39 | 0.38 |
| Net debt / EBITDA | 1.51 | 0.58 | −0.18 | — | 1.80 | 1.12 | 2.19 | 1.34 | 1.28 | 0.40 |
| Current ratio | 1.10 | 1.24 | 2.44 | 2.18 | 1.97 | 1.80 | 1.16 | 1.60 | 2.18 | 2.31 |
| Quick ratio | 1.10 | 1.24 | 2.44 | 2.18 | 1.97 | 1.50 | 1.16 | 1.60 | 2.18 | 2.31 |
| Interest coverage | 9.3 | 8.9 | 7.4 | 10.0 | 10.9 | 8.7 | 8.9 | 5.1 | 7.8 | 10.3 |
| Working capital | $449.0M | $1.47B | $6.50B | $5.02B | $4.49B | $3.19B | $640.0M | $2.67B | $4.18B | $5.03B |
| Invested capital | $9.07B | $6.80B | $5.61B | $7.07B | $11.89B | $8.28B | $8.49B | $10.60B | $12.21B | $12.35B |
| Tangible asset value | $148.0M | $770.0M | $2.02B | $776.0M | $5.59B | −$736.0M | −$1.70B | $1.03B | $3.21B | $5.94B |
| Net current asset value | −$7.91B | −$6.64B | −$4.21B | −$6.41B | −$7.74B | −$8.56B | −$10.60B | −$9.41B | −$10.19B | −$4.43B |
| Graham number | $31.57 | $30.22 | $37.44 | — | $83.92 | $29.68 | $12.55 | $19.08 | — | $36.28 |
| Graham net-net per share | −$19.28 | −$14.53 | −$9.95 | −$13.37 | −$13.71 | −$15.56 | −$13.63 | −$10.68 | −$10.39 | −$4.61 |
| Capital allocation | ||||||||||
| Dividends paid | $531.0M | $533.0M | $528.0M | $489.0M | $466.0M | $447.0M | $473.0M | $473.0M | $2.48B | $2.22B |
| Share buybacks (net) | $2.50B | $3.15B | $1.40B | $3.14B | $7.05B | $5.14B | $4.97B | $4.50B | $2.75B | $2.94B |
| Dividend payout ratio | 26.1% | 27.0% | 19.1% | — | 3.4% | 7.9% | 26.5% | 18.7% | — | 30.5% |
| Dividends + buybacks / free cash flow | 182.5% | 188.2% | 97.9% | 201.2% | 339.9% | 290.1% | 212.6% | 247.9% | 210.9% | 234.5% |
| Capex / revenue | 4.7% | 4.5% | 4.5% | 4.6% | 4.3% | 5.6% | 7.4% | 7.5% | 6.7% | 6.7% |
| Capex / operating cash flow | 24.0% | 19.0% | 18.8% | 19.9% | 16.7% | 20.4% | 17.7% | 24.5% | 21.2% | 22.2% |
| Capex / depreciation | 1.29 | 1.41 | 1.13 | 1.02 | 0.88 | 0.81 | 0.82 | 1.03 | 0.99 | 0.92 |
| Stock-based compensation / revenue | 5.5% | 5.7% | 5.7% | 5.0% | 4.6% | 4.8% | 6.7% | 6.2% | 4.9% | 4.5% |
| R&D / revenue | 14.8% | 14.4% | 15.3% | 13.6% | 12.7% | 11.6% | 12.5% | 12.2% | 12.3% | 12.0% |
| SG&A / revenue | 32.4% | 31.4% | 33.8% | 31.6% | 29.7% | 34.6% | 38.4% | 41.1% | 39.4% | 38.6% |
| Efficiency | ||||||||||
| Days sales outstanding | 42.0 | 38.2 | 39.4 | 32.7 | 25.1 | 37.6 | 62.9 | 57.8 | 46.7 | 35.3 |
| Days of inventory on hand | — | — | — | -0.3 | — | 241.3 | — | — | — | — |
| Days payables outstanding | 102.5 | 33.2 | 34.0 | 35.6 | 37.2 | 51.5 | 59.3 | 55.6 | 50.4 | 57.6 |
| Cash conversion cycle (days) | -60.4 | 5.0 | 5.3 | -3.2 | -12.1 | 227.4 | 3.6 | 2.2 | -3.7 | -22.2 |
| Receivables turnover | 8.69 | 9.55 | 9.27 | 11.17 | 14.56 | 9.71 | 5.80 | 6.31 | 7.82 | 10.33 |
| Payables turnover | 3.56 | 10.99 | 10.73 | 10.25 | 9.81 | 7.09 | 6.16 | 6.57 | 7.25 | 6.34 |
| Inventory turnover | — | — | — | — | — | 1.51 | — | — | — | — |
| Asset turnover | 0.60 | 0.50 | 0.48 | 0.41 | 0.45 | 0.47 | 0.36 | 0.35 | 0.40 | 0.45 |
| Average receivables | $1.28B | $1.08B | $1.09B | $877.0M | $715.5M | $916.0M | $1.28B | $1.37B | $1.27B | $900.5M |
| Average payables | $889.5M | $262.0M | $264.0M | $261.5M | $270.0M | $253.5M | $257.5M | $308.0M | $306.5M | $316.0M |
| Average inventory | — | — | — | −$2.0M | — | $1.19B | — | — | — | $0 |
| Intangibles / total assets | 25.4% | 22.7% | 20.3% | 21.0% | 15.7% | 22.3% | 25.2% | 23.0% | 18.6% | 19.3% |
Computed from EBAY's annual financial statements (latest annual report filed February 19, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
EBAY valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), eBay traded at 19.7 times earnings, against a 10-year median of 9.7. Based on the latest twelve months, the trailing P/E is 25.3 and the forward P/E is 16.6. eBay earned a return on equity of 41.6% and a return on invested capital of 24.8% in fiscal 2025. It ended the year with $7.4 billion of debt and $2.9 billion in cash and short-term investments, net debt of $4.5 billion. It returned $3.0 billion to shareholders: $531.0 million in dividends and $2.5 billion in share buybacks, 182% of free cash flow. The share count fell 59.8% from 1.14B to 460.0M over 9 years.
See the EBAY income statement, the EBAY chart for price history, or the EBAY stock overview for the latest quote and news.
EBAY key metrics FAQ
What is eBay's P/E ratio?
eBay's trailing P/E ratio is 25.3 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 16.6. At the end of fiscal 2025 it was 19.7, compared with a 10-year median of 9.7.
What is eBay's EV/EBITDA?
eBay's enterprise value was 15.0 times EBITDA at the end of fiscal 2025 (enterprise value $44.5 billion, EBITDA $3.0 billion); the current EV/EBITDA is 16.3.
What is eBay's return on equity?
eBay's return on equity (ROE) was 41.6% in fiscal 2025: net income of $2.0 billion on average shareholders' equity of $4.9 billion.
What is eBay's ROIC?
eBay's return on invested capital was 24.8% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does eBay have?
eBay had total debt of $7.4 billion at the end of fiscal 2025, a debt-to-equity ratio of 1.60 and $4.5 billion of net debt (1.51 times EBITDA).
What is eBay's dividend yield?
eBay's forward dividend yield is 1.03%. eBay paid $531.0 million in dividends in fiscal 2025 ($1.15 per share), a payout ratio of 26.1%.
Does eBay buy back its shares?
Yes. eBay spent $2.5 billion on net share repurchases in fiscal 2025 Shares outstanding changed −8.2% over the year, to 460.0M..
What is eBay's free cash flow yield?
eBay generated $1.7 billion of free cash flow in fiscal 2025, a free cash flow yield of 4.1% on its market value at year-end ($40.1 billion).
What is eBay's current ratio?
eBay's current ratio was 1.10 at the end of fiscal 2025: current assets were 1.10 times current liabilities.