Company Valuation: Alphabet Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 1,921,855 1,145,004 1,755,459 2,323,530 3,781,297 3,713,665 - -
Change - -40.42% 53.31% 32.36% 62.74% -1.79% - -
Enterprise Value (EV) 1 1,797,023 1,045,943 1,657,796 2,238,756 3,701,001 3,654,659 3,627,561 3,626,263
Change - -41.8% 58.5% 35.04% 65.32% -1.25% -0.74% -0.04%
P/E ratio 25.8x 19.3x 24.1x 23.5x 29x 26.7x 23.1x 20.1x
PBR 7.62x 4.43x 6.27x 7.11x 9.11x 7.06x 5.51x 4.31x
PEG - -1x 0.9x 0.6x 0.8x 4.07x 1.5x 1.3x
Capitalization / Revenue 7.46x 4.05x 5.71x 6.64x 9.39x 7.89x 6.86x 6.03x
EV / Revenue 6.98x 3.7x 5.39x 6.4x 9.19x 7.77x 6.7x 5.89x
EV / EBITDA 16.9x 9.5x 14x 14.9x 21.1x 16.8x 13.9x 11.8x
EV / EBIT 22.8x 14x 19.7x 19.9x 28.7x 23x 19.6x 17x
EV / FCF 26.8x 17.4x 23.9x 30.8x 50.5x 169x 73.9x 38.7x
FCF Yield 3.73% 5.74% 4.19% 3.25% 1.98% 0.59% 1.35% 2.58%
Dividend per Share 2 - - - 0.6 - 0.8647 0.8951 0.939
Rate of return - - - 0.32% - 0.28% 0.29% 0.31%
EPS 2 5.61 4.56 5.8 8.04 10.81 11.52 13.31 15.31
Distribution rate - - - 7.46% - 7.51% 6.72% 6.13%
Net sales 1 257,637 282,836 307,394 350,018 402,836 470,571 541,182 615,380
EBITDA 1 106,531 110,132 118,699 150,486 175,128 218,113 261,577 308,402
EBIT 1 78,714 74,842 84,293 112,390 129,039 158,660 184,833 212,716
Net income 1 76,033 59,972 73,795 100,118 132,170 139,571 160,780 185,491
Net Debt 1 -124,832 -99,061 -97,663 -84,774 -80,296 -59,006 -86,104 -87,402
Reference price 2 144.85 88.23 139.69 189.30 313.00 307.04 307.04 307.04
Nbr of stocks (in thousands) 13,275,280 12,943,000 12,516,000 12,241,000 12,067,000 12,097,000 - -
Announcement Date 01/02/22 02/02/23 30/01/24 04/02/25 04/02/26 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
26.6x7.75x16.71x0.28% 3,704B
47.14x1.68x9.62x-.--% 42.11B
16.22x2.28x9.78x0.61% 22.12B
16.16x2.5x10.15x1.81% 17.26B
12.86x0.42x2.88x3.28% 174M
Average 23.80x 2.92x 9.83x 1.2% 757.16B
Weighted average by Cap. 26.72x 7.62x 16.56x 0.29%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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