Professor Mark J. Perry's Blog for Economics and Finance
Ebay has a current market value (market capitalization) of about $30 billion, with no stores and no inventory.
Dr. Mark J. Perry is a professor of economics and finance in the School of Management at the Flint campus of the University of Michigan. Perry holds two graduate degrees in economics (M.A. and Ph.D.) from George Mason University near Washington, D.C. In addition, he holds an MBA degree in finance from the Curtis L. Carlson School of Management at the University of Minnesota. In addition to a faculty appointment at the University of Michigan-Flint, Perry is also a visiting scholar at The American Enterprise Institute in Washington, D.C.
2 Comments:
I have not looked at the #s, but Market Value (MV) is a DCF calculation using a company's cash flow and a discount rate. Ebay has a high discount rate, so Ebay generates a lot more cash than the other stores.
-Amit
Since eBay is a service provider and not a store, I fail to see the relevance of the comparisons. A better comparison would be with all the publishers (local, regional, and national) of those classified ad booklets for buying and selling everything from knickknacks to recreational vehicles. Their total ads per year and total market value could be compared with eBay's.
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