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 4,346,810 - -
Change - -40.42% 53.31% 32.36% 62.74% 14.96% - -
Enterprise Value (EV) 1 1,797,023 1,045,943 1,657,796 2,238,756 3,701,001 4,273,062 4,271,504 4,259,273
Change - -41.8% 58.5% 35.04% 65.32% 15.46% -0.04% -0.29%
P/E 25.8x 19.3x 24.1x 23.5x 29x 25.1x 24.4x 20.8x
PBR 7.62x 4.43x 6.27x 7.11x 9.11x 7.36x 5.51x 4.32x
PEG - -1x 0.9x 0.6x 0.8x 0.8x 8.83x 1.2x
Capitalization / Revenue 7.46x 4.05x 5.71x 6.64x 9.39x 8.9x 7.45x 6.34x
EV / Revenue 6.98x 3.7x 5.39x 6.4x 9.19x 8.75x 7.32x 6.21x
EV / EBITDA 16.9x 9.5x 14x 14.9x 21.1x 18.7x 15x 11.8x
EV / EBIT 22.8x 14x 19.7x 19.9x 28.7x 25.1x 20.6x 17.2x
EV / FCF 26.8x 17.4x 23.9x 30.8x 50.5x 189x 165x 76.3x
FCF Yield 3.73% 5.74% 4.19% 3.25% 1.98% 0.53% 0.6% 1.31%
Dividend per Share 2 - - - 0.6 0.83 0.8783 0.912 0.944
Rate of return - - - 0.32% 0.27% 0.25% 0.26% 0.26%
EPS 2 5.61 4.56 5.8 8.04 10.81 14.22 14.61 17.21
Distribution rate - - - 7.46% 7.68% 6.18% 6.24% 5.48%
Net sales 1 257,637 282,836 307,394 350,018 402,836 488,482 583,608 685,547
EBITDA 1 106,531 110,132 118,699 150,486 175,128 227,903 285,084 360,505
EBIT 1 78,714 74,842 84,293 112,390 129,039 170,270 207,699 247,540
Net income 1 76,033 59,972 73,795 100,118 132,170 173,818 181,196 214,165
Net Debt 1 -124,832 -99,061 -97,663 -84,774 -80,296 -73,748 -75,307 -87,538
Reference price 2 144.85 88.23 139.69 189.30 313.00 357.18 357.18 357.18
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 2/1/22 2/2/23 1/30/24 2/4/25 2/4/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
25.12x8.75x18.76x0.25% 4,347B
16.85x1.8x9.61x-.--% 39.99B
15.38x1.73x7.4x1.27% 19.06B
16.83x2.11x8.31x2.42% 18.91B
6.82x0.24x1.59x3.96% 172M
Average 16.20x 2.93x 9.13x 1.58% 884.99B
Weighted average by Cap. 24.96x 8.63x 18.59x 0.26%

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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