EBAY
eBay Inc.
EBAY has slightly lower modeled downside risk, despite its lower overall score.
GAP
The Gap, Inc.
GAP has the edge over EBAY overall, supported by stronger valuation and stronger modeled upside.
EBAY Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Strong | |
| Stable |
EBAY's revenue, profitability and cash flow are currently healthy, and its balance sheet is stable.
GAP Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Healthy | |
| Strong |
GAP's profitability, cash flow and balance sheet are currently healthy, and its revenue is stable.
EBAY PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 6.9x | $31.50 | -74% |
| Fair | 16x | $71.96 | -40% |
| Forward | 18x | $120 | — |
| Expensive | 22x | $99.04 | -18% |
| Current | 26x | $120 | — |
Historical ranges are pointers, not guarantees.
EBAY's PE is in its expensive range at 26x. If earnings grow as analysts expect, today's price would be 18x next year's earnings.
GAP PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 6.4x | $21.25 | — |
| Forward | 8.2x | $21.25 | — |
| Cheap | 8.5x | $28.27 | +33% |
| Fair | 12x | $39.07 | +84% |
| Expensive | 29x | $96.48 | +354% |
Historical ranges are pointers, not guarantees.
GAP has the edge over EBAY in the historical PE scenario, which offers more potential upside but is not a forecast.
EBAY Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Growth | |
| Stable | |
| Moderate | |
| Moderate |
Analysts expect earnings and revenue growth for EBAY, with profitability holding steady.
GAP Forward outlook
| Metric | Outlook |
|---|---|
| Strongly deteriorating | |
| Strong growth | |
| Stable | |
| Improving | |
| Moderate | |
| Low |
Analysts expect GAP's earnings to grow and its profitability to improve, with its revenue holding steady. However, they disagree widely on these estimates.
EBAY Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $6.63 | +45% |
| Q3 2026 | $4.57 | +0.4% |
| Q2 2026 | $4.82 | +7.3% |
| Q1 2026 | $4.40 | +6% |
| Q4 2025 | $4.34 | +10% |
| Q3 2025 | $4.55 | +15% |
| Q2 2025 | $4.49 | -12% |
| Q1 2025 | $4.15 | -17% |
| Q4 2024 | $3.94 | -24% |
EBAY's earnings per share have fallen from their peak: $4.57 over the past year, against $20.25 in late 2021.
GAP Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.60 | -22% |
| Q3 2026 | $3.33 | +43% |
| Q2 2026 | $2.52 | +9.6% |
| Q1 2026 | $2.13 | -3.2% |
| Q4 2025 | $2.23 | +3.2% |
| Q3 2025 | $2.33 | +15% |
| Q2 2025 | $2.30 | +28% |
| Q1 2025 | $2.20 | +64% |
| Q4 2024 | $2.16 | +2060% |
GAP has the edge over EBAY on earnings, with more consistent year-over-year improvement.
EBAY Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $3.2B | +14% |
| Q2 2026 | $3.1B | +15% |
| Q1 2026 | $3.1B | +19% |
| Q4 2025 | $3B | +15% |
| Q3 2025 | $2.8B | +9.5% |
| Q2 2025 | $2.7B | +6.1% |
| Q1 2025 | $2.6B | +1.1% |
| Q4 2024 | $2.6B | +0.7% |
EBAY has the edge over GAP on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 19% | -1.2 points |
| Q2 2026 | 22% | +3.8 points |
| Q1 2026 | 20% | -4 points |
| Q4 2025 | 20% | -0.8 points |
| Q3 2025 | 20% | -2.7 points |
| Q2 2025 | 18% | -3.6 points |
| Q1 2025 | 24% | -0.9 points |
| Q4 2024 | 21% | +5.1 points |
EBAY has the edge over GAP on profitability, with a higher operating margin.
GAP Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $3.7B | -2% |
| Q2 2026 | $3.5B | +1% |
| Q1 2026 | $4.2B | +2.1% |
| Q4 2025 | $3.9B | +3% |
| Q3 2025 | $3.7B | +0.1% |
| Q2 2025 | $3.5B | +2.2% |
| Q1 2025 | $4.1B | -3.5% |
| Q4 2024 | $3.8B | +1.6% |
GAP's revenue fell from its 2020 peak and has held roughly level since: $3.7B last quarter, down 2% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 19% | +11 points |
| Q2 2026 | 13% | +5.2 points |
| Q1 2026 | 5.4% | -0.8 points |
| Q4 2025 | 8.5% | -0.8 points |
| Q3 2025 | 7.8% | 0 points |
| Q2 2025 | 7.5% | +1.5 points |
| Q1 2025 | 6.2% | +1.3 points |
| Q4 2024 | 9.3% | +2.6 points |
GAP's operating margin was 19% last quarter, up 11 points from the same quarter a year ago, near the top of its range since 2019.
EBAY Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $749M | -6.7% |
| Q2 2026 | $300M | +$741M |
| Q1 2026 | $897M | +39% |
| Q4 2025 | $466M | -17% |
| Q3 2025 | $803M | +24% |
| Q2 2025 | -$441M | -259% |
| Q1 2025 | $644M | +36% |
| Q4 2024 | $560M | +$564M |
EBAY has the edge over GAP on cash flow, with more consistent year-over-year improvement.
GAP Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $183M | -48% |
| Q2 2026 | $78M | +$301M |
| Q1 2026 | $543M | +8.8% |
| Q4 2025 | $153M | +7% |
| Q3 2025 | $350M | -24% |
| Q2 2025 | -$223M | -$160M |
| Q1 2025 | $499M | -12% |
| Q4 2024 | $143M | -33% |
GAP generated $957M in free cash flow over the past year, up 24% from the year before.
EBAY Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.4% | -2M shares |
| 1 year | -3% | -14M shares |
| 3 years | -15% | -79M shares |
| 5 years | -31% | -205M shares |
| Available history | -44% | -359M shares |
EBAY has 453M diluted shares, down 3% from a year ago, with $2.1B in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $664M |
| Q2 2026 | $323M |
| Q1 2026 | $486M |
| Q4 2025 | $635M |
| Q3 2025 | $626M |
| Q2 2025 | $624M |
| Q1 2025 | $615M |
| Q4 2024 | $911M |
EBAY spent $2.1B buying back its own shares over the past year, down 24% from the year before.
GAP Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -4.2% | -16M shares |
| 1 year | -4.5% | -17M shares |
| 3 years | -2.4% | -9M shares |
| 5 years | -6.2% | -24M shares |
| Available history | -3.7% | -14M shares |
GAP has the edge over EBAY on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $200M |
| Q2 2026 | $401M |
| Q1 2026 | $3M |
| Q4 2025 | — |
| Q3 2025 | $82M |
| Q2 2025 | $70M |
| Q1 2024 | — |
| Q4 2023 | — |
GAP spent $604M buying back its own shares over the past year.
EBAY Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.9x | Healthy |
| Q2 2026 | 1.5x | Healthy |
| Q1 2026 | 1.4x | Healthy |
| Q4 2025 | 1.8x | Healthy |
| Q3 2025 | 1.7x | Healthy |
| Q2 2025 | 1.8x | Healthy |
| Q1 2025 | 1.4x | Healthy |
| Q4 2024 | 1.9x | Healthy |
EBAY's net debt is about 1.9 years of its operating earnings (EBITDA), up from 1.7 years a year ago.
GAP Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.3x | Net Cash |
| Q2 2026 | -0.4x | Net Cash |
| Q1 2026 | -0.7x | Net Cash |
| Q4 2025 | -0.5x | Net Cash |
| Q3 2025 | -0.4x | Net Cash |
| Q2 2025 | -0.3x | Net Cash |
| Q1 2025 | -0.5x | Net Cash |
| Q4 2024 | -0.3x | Net Cash |
GAP has the edge over EBAY on leverage, with a lower net debt burden relative to earnings.
EBAY Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 61.9 | Neutral |
| Stochastic | 80.0 | Overbought |
EBAY's weekly RSI is 62 (neutral) and its Stochastic is 80 (overbought).
GAP Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 46.4 | Neutral |
| Stochastic | 35.7 | Neutral |
GAP's weekly RSI is 46 (neutral) and its Stochastic is 36 (neutral).
EBAY PE vs Consumer Cyclical Sector
| Metric | EBAY | Sector median | Relative |
|---|---|---|---|
| PE | 26x | 18x | 46% above |
| PE % | 91 | 47 | 44 pts above |
EBAY is trading at 26x earnings, a 46% premium to the Consumer Cyclical sector's median of 18x.
GAP PE vs Consumer Cyclical Sector
| Metric | GAP | Sector median | Relative |
|---|---|---|---|
| PE | 6.4x | 18x | 65% below |
| PE % | 1 | 47 | 46 pts below |
GAP has the edge over EBAY on valuation relative to its sector.
EBAY Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $116.5 | 3.1% above |
| 20 week MA | $112.4 | 6.9% above |
| 50 week MA | $102.6 | 17% above |
| 100 week MA | $89.8 | 34% above |
| 200 week MA | $69.5 | 73% above |
EBAY has the edge over GAP on trend strength, trading above more of its moving averages.
GAP Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $22.3 | 4.5% below |
| 20 week MA | $21.3 | 0% above |
| 50 week MA | $23.6 | 9.8% below |
| 100 week MA | $23.0 | 7.5% below |
| 200 week MA | $20.1 | 5.7% above |
GAP has fallen below most of its moving averages, though it's still 5.7% above its 200-week average.
EBAY Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $36.1 | $50.1 | +39% |
| 2021 | $50.1 | $64.9 | +29% |
| 2022 | $64.9 | $40.2 | -38% |
| 2023 | $40.2 | $43.6 | +8.6% |
| 2024 | $43.6 | $62.8 | +44% |
| 2025 | $62.8 | $85.2 | +36% |
| 2026 YTD | $85.2 | $120.1 | +41% |
EBAY has the edge over GAP on returns for 2026, with the stronger performance.
GAP Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $17.8 | $20.4 | +15% |
| 2021 | $20.4 | $17.3 | -15% |
| 2022 | $17.3 | $12.1 | -30% |
| 2023 | $12.1 | $20.9 | +73% |
| 2024 | $20.9 | $24.3 | +16% |
| 2025 | $24.3 | $26.2 | +7.8% |
| 2026 YTD | $26.2 | $21.3 | -19% |
GAP has finished higher in four of the last six years. It's down 19% so far in 2026.