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 3,906,943 - -
Change - -40.42% 53.31% 32.36% 62.74% 3.32% - -
Enterprise Value (EV) 1 1,797,023 1,045,943 1,657,796 2,238,756 3,701,001 3,850,108 3,815,164 3,822,660
Change - -41.8% 58.5% 35.04% 65.32% 4.03% -0.91% 0.2%
P/E ratio 25.8x 19.3x 24.1x 23.5x 29x 28.3x 24.4x 21.3x
PBR 7.62x 4.43x 6.27x 7.11x 9.11x 7.39x 5.87x 4.52x
PEG - -1x 0.9x 0.6x 0.8x 5.19x 1.5x 1.5x
Capitalization / Revenue 7.46x 4.05x 5.71x 6.64x 9.39x 8.39x 7.3x 6.4x
EV / Revenue 6.98x 3.7x 5.39x 6.4x 9.19x 8.27x 7.13x 6.26x
EV / EBITDA 16.9x 9.5x 14x 14.9x 21.1x 17.7x 14.6x 12.4x
EV / EBIT 22.8x 14x 19.7x 19.9x 28.7x 24.4x 20.8x 18.1x
EV / FCF 26.8x 17.4x 23.9x 30.8x 50.5x 135x 61.3x 35.5x
FCF Yield 3.73% 5.74% 4.19% 3.25% 1.98% 0.74% 1.63% 2.82%
Dividend per Share 2 - - - 0.6 - 0.8632 0.8929 0.9446
Rate of return - - - 0.32% - 0.27% 0.28% 0.29%
EPS 2 5.61 4.56 5.8 8.04 10.81 11.4 13.26 15.19
Distribution rate - - - 7.46% - 7.57% 6.74% 6.22%
Net sales 1 257,637 282,836 307,394 350,018 402,836 465,400 534,849 610,293
EBITDA 1 106,531 110,132 118,699 150,486 175,128 218,068 261,895 309,318
EBIT 1 78,714 74,842 84,293 112,390 129,039 158,042 183,550 211,523
Net income 1 76,033 59,972 73,795 100,118 132,170 138,386 159,284 183,193
Net Debt 1 -124,832 -99,061 -97,663 -84,774 -80,296 -56,835 -91,778 -84,283
Reference price 2 144.85 88.23 139.69 189.30 313.00 322.86 322.86 322.86
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.($)
55.33x2.12x12.39x-.--% 50.17B
18.48x2.65x11.4x0.53% 25.44B
16.66x1.7x7.01x1.72% 18.47B
14.75x0.48x3.31x2.86% 204M
Average 26.31x 1.74x 8.53x 1.28% 23.57B
Weighted average by Cap. 37.72x 2.18x 11.05x 0.49%
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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