Question 1

What is eBay's P/FCF ratio?

Accepted Answer

eBay (EBAY) P/FCF ratio is 30.0× as of July 22, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month free cash flow, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/FCF ratio calculated?

Accepted Answer

P/FCF = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Free Cash Flow, where Free Cash Flow = Operating Cash Flow − Capital Expenditures. 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 P/FCF ratio?

Accepted Answer

The price-to-free-cash-flow (P/FCF) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) free cash flow. It is calculated as market cap ÷ TTM free cash flow, where free cash flow = operating cash flow − capital expenditures. Because FCF cannot be inflated by non-cash accounting items, P/FCF is often considered a cleaner measure of "earnings-power valuation" than P/E — especially for capital-intensive businesses where depreciation diverges from real cash outflows.

Question 4

What is a good P/FCF ratio for eBay?

Accepted Answer

Mature companies that consistently convert profit into cash often trade at 15–25× P/FCF; capital-intensive businesses with lumpy capex typically trade lower. Compare against sector peers and against the company's own multi-year average — single-year P/FCF can be distorted by working-capital swings. For eBay specifically, the relevant sector benchmark is the current sector median of 17.1×.

Question 5

Is eBay's P/FCF ratio high or low?

Accepted Answer

eBay's P/FCF ratio of 30.0× is above its own 5-year average of 17.8× and above the sector median of 17.1×. That places the current reading at the 92th 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 P/FCF ratio range?

Accepted Answer

In the available daily series, eBay (EBAY) P/FCF ratio has ranged from a low of 3.0× in 2009 to a high of 34.8× in 2003. The 5-year average is 17.8× and the 5-year median is 17.3×.

Question 7

What was eBay's P/FCF ratio in 2025?

Accepted Answer

eBay (EBAY) P/FCF ratio at the end of 2025 was 27.4×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month free cash flow figure available at that date.

Question 8

Why does eBay's P/FCF ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (free cash flow). 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	$39.3B	$1.43B	27.4×	+11.7×	Dec 31, 2025
2024	$30.7B	$1.96B	15.7×	+4.2×	Dec 31, 2024
2023	$22.6B	$1.97B	11.5×	-1.0×	Dec 31, 2023
2022	$22.4B	$1.81B	12.4×	-5.8×	Dec 31, 2022
2021	$40.3B	$2.21B	18.2×	+0.2×	Dec 31, 2021
2020	$34.6B	$1.92B	18.0×	+6.6×	Dec 31, 2020
2019	$29.1B	$2.56B	11.4×	-1.8×	Dec 31, 2019
2018	$26.5B	$2.01B	13.2×	-2.5×	Dec 31, 2018
2017	$39.1B	$2.48B	15.8×	+0.8×	Dec 31, 2017
2016	$32.8B	$2.2B	14.9×	+3.7×	Dec 31, 2016
2015	$32.7B	$2.92B	11.2×	+4.6×	Dec 31, 2015
2014	$29.1B	$4.41B	6.6×	-1.4×	Dec 31, 2014
2013	$29.9B	$3.75B	8.0×	-2.8×	Dec 31, 2013
2012	$27.8B	$2.58B	10.8×	+3.6×	Dec 31, 2012
2011	$16.5B	$2.31B	7.1×	-0.4×	Dec 31, 2011
2010	$15.2B	$2.02B	7.5×	+2.0×	Dec 31, 2010
2009	$12.8B	$2.34B	5.5×	+2.2×	Dec 31, 2009
2008	$7.52B	$2.32B	3.2×	-5.3×	Dec 31, 2008
2007	$18.6B	$2.19B	8.5×	-1.5×	Dec 31, 2007
2006	$17.3B	$1.73B	10.0×	-5.2×	Dec 31, 2006
2005	$25.4B	$1.67B	15.2×	-18.0×	Dec 31, 2005
2004	$32.9B	$992M	33.1×	-1.4×	Dec 31, 2004
2003	$17.6B	$509M	34.6×	+8.5×	Dec 31, 2003
2002	$8.89B	$341M	26.1×	—	Dec 31, 2002


DraftKings (DKNG)	15.5×
Avery Dennison (AVY)	15.2×
Wynn Resorts (WYNN)	15.1×
NVR (NVR)	14.9×
Booking Holdings (BKNG)	14.7×
D.R. Horton (DHI)	14.2×
V.F. (VFC)	12.6×
Deckers Outdoor (DECK)	12.0×
Carnival Corporation (CCL)	11.9×
Lululemon Athletica (LULU)	11.6×
Toll Brothers (TOL)	11.1×
Hasbro (HAS)	9.8×
PDD Holdings (PDD)	9.5×
LKQ (LKQ)	9.3×
KB Home (KBH)	8.8×
Mohawk Industries (MHK)	8.4×
MercadoLibre (MELI)	8.2×
Best Buy Co. (BBY)	7.9×
Etsy (ETSY)	7.2×
Leggett & Platt (LEG)	6.6×
Weyco Group (WEYS)	6.2×
Expedia Group (EXPE)	6.0×
MGM Resorts (MGM)	5.5×
Ford Motor (F)	4.8×
General Motors (GM)	4.3×

P/FCF Ratio for eBay (EBAY) 2002-2026

P/FCF Ratio daily chart for eBay (EBAY)

Historical P/FCF Ratio for eBay (EBAY) from 2002 to 2025

About P/FCF Ratio at eBay (EBAY)

eBay P/FCF Ratio by Year

eBay P/FCF Ratio 2025: 27.4×

eBay P/FCF Ratio 2024: 15.7×

eBay P/FCF Ratio 2023: 11.5×

eBay P/FCF Ratio 2022: 12.4×

eBay P/FCF Ratio 2021: 18.2×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

eBay (EBAY) Key Financials