Company Valuation: Alphabet Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 19,21,855 11,45,004 17,55,459 23,23,530 37,81,297 47,88,421 - -
Change - -40.42% 53.31% 32.36% 62.74% 26.63% - -
Enterprise Value (EV) 1 17,97,023 10,45,943 16,57,796 22,38,756 37,01,001 47,34,557 47,17,318 46,97,506
Change - -41.8% 58.5% 35.04% 65.32% 27.93% -0.36% -0.42%
P/E ratio 25.8x 19.3x 24.1x 23.5x 29x 27.9x 27.5x 23.3x
PBR 7.62x 4.43x 6.27x 7.11x 9.11x 8.34x 6.49x 4.98x
PEG - -1x 0.9x 0.6x 0.8x 0.9x 20.28x 1.3x
Capitalization / Revenue 7.46x 4.05x 5.71x 6.64x 9.39x 9.84x 8.33x 7.06x
EV / Revenue 6.98x 3.7x 5.39x 6.4x 9.19x 9.73x 8.21x 6.93x
EV / EBITDA 16.9x 9.5x 14x 14.9x 21.1x 20.8x 16.8x 13.3x
EV / EBIT 22.8x 14x 19.7x 19.9x 28.7x 28x 23.2x 19.3x
EV / FCF 26.8x 17.4x 23.9x 30.8x 50.5x 222x 167x 73x
FCF Yield 3.73% 5.74% 4.19% 3.25% 1.98% 0.45% 0.6% 1.37%
Dividend per Share 2 - - - 0.6 - 0.8783 0.912 0.944
Rate of return - - - 0.32% - 0.22% 0.23% 0.24%
EPS 2 5.61 4.56 5.8 8.04 10.81 14.22 14.42 17
Distribution rate - - - 7.46% - 6.18% 6.33% 5.55%
Net sales 1 2,57,637 2,82,836 3,07,394 3,50,018 4,02,836 4,86,697 5,74,694 6,78,161
EBITDA 1 1,06,531 1,10,132 1,18,699 1,50,486 1,75,128 2,27,358 2,80,866 3,54,461
EBIT 1 78,714 74,842 84,293 1,12,390 1,29,039 1,69,163 2,03,600 2,43,582
Net income 1 76,033 59,972 73,795 1,00,118 1,32,170 1,74,050 1,77,602 2,12,150
Net Debt 1 -1,24,832 -99,061 -97,663 -84,774 -80,296 -53,863 -71,103 -90,914
Reference price 2 144.85 88.23 139.69 189.30 313.00 396.78 396.78 396.78
Nbr of stocks (in thousands) 1,32,75,280 1,29,43,000 1,25,16,000 1,22,41,000 1,20,67,000 1,21,15,781 - -
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.($)
27.9x9.73x20.82x0.22% 4,78800Cr
19.5x2.05x11.85x-.--% 4.6TCr
16.64x1.88x7.93x1.25% 2.03TCr
15.52x2.13x8.51x1.73% 1.8TCr
6.15x0.3x2x4.21% 17Cr
Average 17.14x 3.22x 10.22x 1.48% 97.46TCr
Weighted average by Cap. 27.73x 9.59x 20.64x 0.23%

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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