Company Valuation: Alphabet Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,921,855 1,145,004 1,755,459 2,323,530 3,781,297 4,332,043 - -
Change - -40.42% 53.31% 32.36% 62.74% 14.57% - -
Enterprise Value (EV) 1 1,797,023 1,045,943 1,657,796 2,238,756 3,701,001 4,274,863 4,256,366 4,227,874
Change - -41.8% 58.5% 35.04% 65.32% 15.51% -0.43% -0.67%
P/E Ratio 25.8x 19.3x 24.1x 23.5x 29x 25.1x 24.6x 20.7x
PBR 7.62x 4.43x 6.27x 7.11x 9.11x 7.61x 5.7x 4.49x
PEG - -1x 0.9x 0.6x 0.8x 0.8x 14.7x 1.1x
Capitalization / Revenue 7.46x 4.05x 5.71x 6.64x 9.39x 8.88x 7.48x 6.34x
EV / Revenue 6.98x 3.7x 5.39x 6.4x 9.19x 8.76x 7.35x 6.19x
EV / EBITDA 16.9x 9.5x 14x 14.9x 21.1x 18.8x 15x 11.8x
EV / EBIT 22.8x 14x 19.7x 19.9x 28.7x 25.2x 20.8x 17.1x
EV / FCF 26.8x 17.4x 23.9x 30.8x 50.5x 196x 169x 74.6x
FCF Yield 3.73% 5.74% 4.19% 3.25% 1.98% 0.51% 0.59% 1.34%
Dividend per Share 2 - - - 0.6 - 0.8783 0.912 0.944
Rate of return - - - 0.32% - 0.25% 0.26% 0.26%
EPS 2 5.61 4.56 5.8 8.04 10.81 14.22 14.46 17.2
Distribution rate - - - 7.46% - 6.18% 6.31% 5.49%
Net sales 1 257,637 282,836 307,394 350,018 402,836 487,720 578,907 682,802
EBITDA 1 106,531 110,132 118,699 150,486 175,128 226,868 283,026 358,043
EBIT 1 78,714 74,842 84,293 112,390 129,039 169,849 204,810 246,851
Net income 1 76,033 59,972 73,795 100,118 132,170 173,596 178,415 214,349
Net Debt 1 -124,832 -99,061 -97,663 -84,774 -80,296 -57,180 -75,677 -104,169
Reference price 2 144.85 88.23 139.69 189.30 313.00 356.38 356.38 356.38
Nbr of stocks (in thousands) 13,275,280 12,943,000 12,516,000 12,241,000 12,067,000 12,202,910 - -
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.($)
16.93x1.81x9.6x-.--% 39.97B
18.42x2.14x9.1x1.13% 22.35B
15.16x2.1x8.37x1.77% 17.42B
6.64x0.23x1.52x4.06% 169M
Average 14.29x 1.57x 7.15x 1.74% 19.98B
Weighted average by Cap. 16.94x 1.96x 9.17x 0.71%

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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