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 3,610,000 - -
Change - -40.42% 53.31% 32.36% 62.74% -4.53% - -
Enterprise Value (EV) 1 1,797,023 1,045,943 1,657,796 2,238,756 3,701,001 3,550,994 3,523,896 3,522,598
Change - -41.8% 58.5% 35.04% 65.32% -4.05% -0.76% -0.04%
P/E ratio 25.8x 19.3x 24.1x 23.5x 29x 25.9x 22.4x 19.5x
PBR 7.62x 4.43x 6.27x 7.11x 9.11x 6.86x 5.35x 4.19x
PEG - -1x 0.9x 0.6x 0.8x 3.95x 1.4x 1.3x
Capitalization / Revenue 7.46x 4.05x 5.71x 6.64x 9.39x 7.67x 6.67x 5.87x
EV / Revenue 6.98x 3.7x 5.39x 6.4x 9.19x 7.55x 6.51x 5.72x
EV / EBITDA 16.9x 9.5x 14x 14.9x 21.1x 16.3x 13.5x 11.4x
EV / EBIT 22.8x 14x 19.7x 19.9x 28.7x 22.4x 19.1x 16.6x
EV / FCF 26.8x 17.4x 23.9x 30.8x 50.5x 164x 71.8x 37.6x
FCF Yield 3.73% 5.74% 4.19% 3.25% 1.98% 0.61% 1.39% 2.66%
Dividend per Share 2 - - - 0.6 - 0.8647 0.8951 0.939
Rate of return - - - 0.32% - 0.29% 0.3% 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 88.23 139.69 189.30 313.00 298.52 298.52 298.52
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 2/1/22 2/2/23 1/30/24 2/4/25 2/4/26 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
25.92x7.55x16.28x0.29% 3,610B
45.76x1.61x9.24x-.--% 40.93B
16.52x2.33x9.99x0.59% 22.4B
15.96x2.48x10.09x1.84% 17.11B
13.11x0.43x2.94x3.22% 178M
Average 23.45x 2.88x 9.71x 1.19% 738.12B
Weighted average by Cap. 26.03x 7.42x 16.13x 0.3%

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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