EBAY
eBay Inc.
EBAY's outlook is improving despite an expensive valuation.
LOCO
El Pollo Loco Holdings, Inc.
LOCO 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.
LOCO Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Healthy | |
| Strong |
LOCO'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.
LOCO PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 12x | $14.02 | -5.3% |
| Current | 13x | $14.80 | — |
| Forward | 14x | $14.80 | — |
| Fair | 15x | $17.10 | +16% |
| Expensive | 22x | $25.82 | +74% |
Historical ranges are pointers, not guarantees.
LOCO 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 |
EBAY has the edge over LOCO on the outlook, with more favorable valuation and revenue expectations.
LOCO Forward outlook
| Metric | Outlook |
|---|---|
| Deteriorating | |
| Growth | |
| Stable | |
| Stable | |
| Limited | |
| Moderate |
Analysts expect LOCO's earnings to grow, with its revenue and profitability holding steady.
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.
LOCO Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.03 | -10% |
| Q3 2026 | $1.15 | +29% |
| Q2 2026 | $1.17 | +38% |
| Q1 2026 | $0.98 | +14% |
| Q4 2025 | $0.90 | +4.7% |
| Q3 2025 | $0.89 | +14% |
| Q2 2025 | $0.85 | 0% |
| Q1 2025 | $0.86 | +7.5% |
| Q4 2024 | $0.86 | +16% |
LOCO 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 LOCO on sales, with stronger typical year-over-year growth.
| 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 LOCO on profitability, with a higher operating margin.
LOCO Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $126.3M | +3.9% |
| Q2 2026 | $129.6M | +3% |
| Q1 2026 | $126.2M | +5.9% |
| Q4 2025 | $123.5M | +8.1% |
| Q3 2025 | $121.5M | +0.9% |
| Q2 2025 | $125.8M | +3% |
| Q1 2025 | $119.2M | +2.6% |
| Q4 2024 | $114.3M | +1.8% |
LOCO's revenue has grown year over year for eight quarters in a row: $126M last quarter, up 3.9% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 8.1% | -1.4 points |
| Q2 2026 | 14% | +5.4 points |
| Q1 2026 | 9.7% | +2.1 points |
| Q4 2025 | 8.3% | +0.4 points |
| Q3 2025 | 9.4% | +1 points |
| Q2 2025 | 9% | -1.1 points |
| Q1 2025 | 7.5% | -0.8 points |
| Q4 2024 | 7.9% | +1.3 points |
LOCO's operating margin was 8.1% last quarter, down 1.4 points from the same quarter a year ago.
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 LOCO on cash flow, with more consistent year-over-year improvement.
LOCO Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $506K | -95% |
| Q2 2026 | $23.3M | +156% |
| Q1 2026 | $2.8M | +105% |
| Q4 2025 | $5.1M | +349% |
| Q3 2025 | $9.9M | +8.4% |
| Q2 2025 | $9.1M | -13% |
| Q1 2025 | $1.3M | -81% |
| Q4 2024 | $1.1M | -47% |
LOCO still generates free cash flow, though less than at its 2026 peak: $32M over the past year.
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 the edge over LOCO on shareholder dilution, with a more favorable share count trend.
| 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.
LOCO Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.4% | +116K shares |
| 1 year | +2.7% | +802K shares |
| 3 years | -9.8% | -3.3M shares |
| 5 years | -17% | -6.3M shares |
| Available history | -14% | -5M shares |
LOCO has 30M diluted shares, up 2.7% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2025 | $1,000 |
| Q3 2025 | — |
| Q2 2025 | $68,000 |
| Q1 2025 | $1.8M |
| Q4 2024 | $1.3M |
| Q3 2024 | $1.1M |
| Q2 2024 | $17M |
| Q1 2024 | $1.2M |
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.
LOCO Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.3x | Very low |
| Q2 2026 | 0.2x | Very low |
| Q1 2026 | 0.7x | Very low |
| Q4 2025 | 0.8x | Very low |
| Q3 2025 | 0.9x | Very low |
| Q2 2025 | 1.1x | Healthy |
| Q1 2025 | 1.2x | Healthy |
| Q4 2024 | 1.2x | Healthy |
LOCO 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).
LOCO Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 50.1 | Neutral |
| Stochastic | 34.4 | Neutral |
LOCO's weekly RSI is 50 (neutral) and its Stochastic is 34 (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.
LOCO PE vs Consumer Cyclical Sector
| Metric | LOCO | Sector median | Relative |
|---|---|---|---|
| PE | 13x | 18x | 29% below |
| PE % | 26 | 47 | 21 pts below |
LOCO 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 LOCO on trend strength, trading above more of its moving averages.
LOCO Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $14.9 | 0.7% below |
| 20 week MA | $15.4 | 4% below |
| 50 week MA | $13.8 | 7.4% above |
| 100 week MA | $12.1 | 22% above |
| 200 week MA | $11.3 | 32% above |
LOCO has pulled back, but its long-term trend is still up: it's below its 8- and 20-week averages, but 32% 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 LOCO on returns for 2026, with the stronger performance.
LOCO Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $14.9 | $18.4 | +24% |
| 2021 | $18.4 | $14.5 | -21% |
| 2022 | $14.5 | $10.3 | -29% |
| 2023 | $10.3 | $8.82 | -14% |
| 2024 | $8.82 | $11.6 | +31% |
| 2025 | $11.6 | $10.9 | -6.2% |
| 2026 YTD | $10.9 | $14.8 | +36% |
LOCO is up 36% so far in 2026, after finishing lower in four of the previous six years.