EBAY
eBay Inc.
EBAY has the edge over MMYT overall, supported by stronger fundamentals and lower modeled downside.
MMYT
MakeMyTrip Limited
MMYT offers stronger valuation, but that advantage does not outweigh its weaker overall profile.
EBAY Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Strong | |
| Stable |
EBAY's revenue, profitability and cash flow are currently healthy, and its balance sheet is stable.
MMYT Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Under pressure | |
| Weak |
MMYT's profitability is currently healthy, and its revenue is stable, but its cash flow and balance sheet are under pressure.
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.
MMYT PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 41x | $51.01 | — |
| Cheap | 56x | $18.60 | -64% |
| Fair | 113x | $37.14 | -27% |
| Expensive | 155x | $51.30 | +0.6% |
| Current | 156x | $51.01 | — |
Historical ranges are pointers, not guarantees.
MMYT 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.
MMYT Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Moderate |
MMYT has the edge over EBAY on the outlook, with more favorable profitability expectations.
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 has the edge over MMYT on earnings, with more consistent year-over-year improvement.
MMYT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.24 | +276% |
| Q3 2026 | $0.33 | -48% |
| Q2 2026 | $0.33 | -62% |
| Q1 2026 | $0.47 | -43% |
| Q4 2025 | $0.49 | -73% |
| Q3 2025 | $0.64 | -65% |
| Q2 2025 | $0.86 | -49% |
| Q1 2025 | $0.83 | -50% |
| Q4 2024 | $1.84 | +300% |
MMYT's earnings per share have fallen from their peak: $0.33 over the past year, against $1.84 in late 2024.
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 MMYT 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 MMYT on profitability, with a higher operating margin.
MMYT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $229.3M | 0% |
| Q2 2026 | $285.6M | +6.2% |
| Q1 2026 | $250.1M | +1.9% |
| Q4 2025 | $295.7M | +11% |
| Q3 2025 | $229.3M | +8.7% |
| Q2 2025 | $268.8M | +5.6% |
| Q1 2025 | $245.5M | +21% |
| Q4 2024 | $267.4M | +25% |
MMYT's revenue is growing: $229M last quarter, about level with the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 15% | 0 points |
| Q2 2026 | 15% | +0.3 points |
| Q1 2026 | 16% | +3.3 points |
| Q4 2025 | 14% | +0.9 points |
| Q3 2025 | 15% | +2.6 points |
| Q2 2025 | 15% | +4.1 points |
| Q1 2025 | 13% | +4.5 points |
| Q4 2024 | 13% | +2.4 points |
MMYT's operating margin was 15% last quarter, about level with 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 MMYT on cash flow, with more consistent year-over-year improvement.
MMYT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $0 | -100% |
| Q2 2026 | $0 | -100% |
| Q1 2026 | $0 | -100% |
| Q4 2025 | $45.6M | +$56.1M |
| Q3 2025 | $48.7M | +37% |
| Q2 2025 | $41.8M | -42% |
| Q1 2025 | $87.8M | +$94.4M |
| Q4 2024 | -$10.5M | -115% |
MMYT generated $46M in free cash flow over the past year, down 73% 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 the edge over MMYT 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.
MMYT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.2% | -220K shares |
| 1 year | 0% | -- |
| 3 years | -13% | -14.5M shares |
| 5 years | -9.7% | -10.5M shares |
| Available history | -6.9% | -7.3M shares |
MMYT has 98M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | $1.6B |
| Q3 2025 | $3B |
| Q2 2025 | — |
| Q1 2025 | $7M |
| Q4 2024 | — |
MMYT spent $1.6B buying back its own shares over the past year, down 47% from the year before.
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 has the edge over MMYT on leverage, with a lower net debt burden relative to earnings.
MMYT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 6.3x | High |
| Q2 2026 | 6.2x | High |
| Q1 2026 | 4.7x | High |
| Q4 2025 | 6.7x | High |
| Q3 2025 | 6.3x | High |
| Q2 2025 | 5.1x | High |
| Q1 2025 | -1.7x | Net Cash |
| Q4 2024 | -0.9x | Net Cash |
MMYT's net debt is about 6.3 years of its operating earnings (EBITDA), about the same as a year ago.
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).
MMYT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 49.8 | Neutral |
| Stochastic | 37.3 | Neutral |
MMYT's weekly RSI is 50 (neutral) and its Stochastic is 37 (neutral).
EBAY PE vs Consumer Cyclical Sector
| Metric | EBAY | Sector median | Relative |
|---|---|---|---|
| PE | 26x | 18x | 46% above |
| PE % | 91 | 47 | 44 pts above |
EBAY has the edge over MMYT on valuation relative to its sector.
MMYT PE vs Consumer Cyclical Sector
| Metric | MMYT | Sector median | Relative |
|---|---|---|---|
| PE | 156x | 18x | 763% above |
| PE % | 83 | 47 | 36 pts above |
MMYT is trading at 156x earnings, a 763% premium to the Consumer Cyclical sector's median of 18x.
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 MMYT on trend strength, trading above more of its moving averages.
MMYT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $46.2 | 10% above |
| 20 week MA | $52.0 | 2% below |
| 50 week MA | $54.4 | 6.2% below |
| 100 week MA | $76.1 | 33% below |
| 200 week MA | $66.9 | 24% below |
MMYT has bounced recently, but its long-term trend is still down: it's above its 8-week average, but 24% below 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 MMYT on returns for 2026, with the stronger performance.
MMYT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $23.6 | $27.2 | +15% |
| 2021 | $27.2 | $28.3 | +4.1% |
| 2022 | $28.3 | $28.0 | -1.1% |
| 2023 | $28.0 | $47.0 | +68% |
| 2024 | $47.0 | $114.5 | +144% |
| 2025 | $114.5 | $83.3 | -27% |
| 2026 YTD | $83.3 | $51.0 | -39% |
MMYT is down 39% so far in 2026, after finishing higher in four of the previous six years.