Question 1

What is eBay's EV/EBITDA ratio?

Accepted Answer

eBay (EBAY) EV/EBITDA ratio is 18.9× as of June 5, 2026. The ratio is calculated by dividing enterprise value by trailing twelve-month EBITDA, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the EV/EBITDA ratio calculated?

Accepted Answer

EV/EBITDA = Enterprise Value ÷ Trailing Twelve-Month (TTM) EBITDA, where Enterprise Value = Market Capitalisation + Total Debt − Cash & Short-Term Investments. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the EV/EBITDA ratio?

Accepted Answer

The EV/EBITDA ratio (the enterprise multiple) compares enterprise value (EV) to trailing twelve-month (TTM) EBITDA. EV is calculated as market capitalisation + total debt − cash & short-term investments. Because EV/EBITDA is capital-structure-neutral and ignores non-cash depreciation and amortisation, it is the standard multiple used in M&A and for cross-company or cross-border comparisons. Note: this calculation uses a simplified EV (minority interest and preferred equity excluded due to data availability), consistent with most public financial-data providers.

Question 4

What is a good EV/EBITDA ratio for eBay?

Accepted Answer

Mature, cash-generative businesses commonly trade in the 8–12× EV/EBITDA range; higher-growth, asset-light companies often trade at 15–25×+. EV/EBITDA is most useful for comparing companies with different capital structures (debt levels) or tax regimes. For eBay specifically, the relevant sector benchmark is the current sector median of 14.3×.

Question 5

Is eBay's EV/EBITDA ratio high or low?

Accepted Answer

eBay's EV/EBITDA ratio of 18.9× is above its own 5-year average of 14.3× and above the sector median of 14.3×. That places the current reading at the 93th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is eBay's historical EV/EBITDA ratio range?

Accepted Answer

In the available daily series, eBay (EBAY) EV/EBITDA ratio has ranged from a low of 1.4× in 2009 to a high of 56.8× in 2022. The 5-year average is 14.3× and the 5-year median is 11.6×.

Question 7

What was eBay's EV/EBITDA ratio in 2025?

Accepted Answer

eBay (EBAY) EV/EBITDA ratio at the end of 2025 was 15.3×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month EBITDA figure available at that date.

Question 8

Why does eBay's EV/EBITDA ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (enterprise value, which tracks share price plus net debt) and the denominator (EBITDA). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$39.28B	$2.85B	15.3×	+4.0×	Dec 31, 2025
2024	$30.73B	$2.86B	11.3×	+6.5×	Dec 31, 2024
2023	$22.60B	$4.52B	4.8×	—	Dec 31, 2023
2022	$22.44B	−$924.00M	—	—	Dec 31, 2022
2021	$40.26B	$679.00M	62.4×	+53.3×	Dec 31, 2021
2020	$34.57B	$4.30B	9.1×	-2.4×	Dec 31, 2020
2019	$29.14B	$3.02B	11.5×	+3.3×	Dec 31, 2019
2018	$26.53B	$3.74B	8.2×	-5.1×	Dec 31, 2018
2017	$39.06B	$3.24B	13.3×	+5.7×	Dec 31, 2017
2016	$32.84B	$4.56B	7.6×	-2.7×	Dec 31, 2016
2015	$32.73B	$3.24B	10.3×	+3.9×	Dec 31, 2015
2014	$29.05B	$4.52B	6.4×	+1.3×	Dec 31, 2014
2013	$29.90B	$4.97B	5.0×	-0.2×	Dec 31, 2013
2012	$27.77B	$4.35B	5.3×	+2.7×	Dec 31, 2012
2011	$16.45B	$4.88B	2.6×	-1.1×	Dec 31, 2011
2010	$15.19B	$2.84B	3.7×	+0.2×	Dec 31, 2010
2009	$12.82B	$2.31B	3.4×	+1.6×	Dec 31, 2009
2008	$7.52B	$2.91B	1.8×	-9.5×	Dec 31, 2008
2007	$18.63B	$1.21B	11.3×	+3.7×	Dec 31, 2007
2006	$17.31B	$1.86B	7.6×	-5.0×	Dec 31, 2006
2005	$25.36B	$1.85B	12.6×	-11.2×	Dec 31, 2005
2004	$32.89B	$1.32B	23.8×	+3.5×	Dec 31, 2004
2003	$17.59B	$788.24M	20.3×	+2.4×	Dec 31, 2003
2002	$8.89B	$430.77M	17.9×	-12.7×	Dec 31, 2002
2001	$7.73B	$230.16M	30.6×	—	Dec 31, 2001


Packaging Corporation of America (PKG)	12.3×
Wynn Resorts (WYNN)	11.7×
General Motors (GM)	11.5×
Amcor (AMCR)	11.3×
Masco (MAS)	10.9×
NVR (NVR)	10.9×
Ball (BALL)	10.7×
D.R. Horton (DHI)	10.7×
Las Vegas Sands (LVS)	10.1×
Norwegian Cruise Line (NCLH)	9.9×
Carnival Corporation (CCL)	9.5×
Deckers Outdoor (DECK)	9.5×
LKQ (LKQ)	9.0×
Toll Brothers (TOL)	8.6×
PulteGroup (PHM)	8.1×
Expedia Group (EXPE)	8.0×
Etsy (ETSY)	8.0×
Leggett & Platt (LEG)	7.3×
Best Buy Co. (BBY)	6.8×
Weyco Group (WEYS)	6.6×
Sonoco Products (SON)	6.5×
Lululemon Athletica (LULU)	6.3×
Mohawk Industries (MHK)	4.9×
Smurfit Westrock (SW)	4.6×
PDD Holdings (PDD)	3.7×

EV/EBITDA for eBay (EBAY)

EV/EBITDA daily chart for eBay (EBAY)

Historical EV/EBITDA for eBay (EBAY) from 2001 to 2025

About EV/EBITDA at eBay (EBAY)

eBay EV/EBITDA by Year

eBay EV/EBITDA 2025: 15.3×

eBay EV/EBITDA 2024: 11.3×

eBay EV/EBITDA 2023: 4.8×

eBay EV/EBITDA 2021: 62.4×

eBay EV/EBITDA 2020: 9.1×

Sector peers by EV/EBITDA — chart

Sector peers by EV/EBITDA — table

Frequently asked questions

eBay (EBAY) Key Financials

EV/EBITDA daily chart for eBay (EBAY)

Historical EV/EBITDA for eBay (EBAY) from 2001 to 2025

About EV/EBITDA at eBay (EBAY)

eBay EV/EBITDA by Year

eBay EV/EBITDA 2025: 15.3×

eBay EV/EBITDA 2024: 11.3×

eBay EV/EBITDA 2023: 4.8×

eBay EV/EBITDA 2021: 62.4×

eBay EV/EBITDA 2020: 9.1×

Sector peers by EV/EBITDA — chart

Sector peers by EV/EBITDA — table

Frequently asked questions

+What is eBay's EV/EBITDA ratio?

+How is the EV/EBITDA ratio calculated?

+What is the EV/EBITDA ratio?

+What is a good EV/EBITDA ratio for eBay?

+Is eBay's EV/EBITDA ratio high or low?

+What is eBay's historical EV/EBITDA ratio range?

+What was eBay's EV/EBITDA ratio in 2025?

+Why does eBay's EV/EBITDA ratio change over time?

eBay (EBAY) Key Financials