Rankings Software, cloud & internet Alphabet
Alphabet
70
15070100
A view of the same findings, not a new score. How it works
A strong score: the model found few serious problems, but analysts see limited upside from here.
Biggest deductions
- Multiples vs own history and peers−16
- Cash flow and capex−8
- Quality of earnings−3
Strengths
- Net cash+3
- Order book and growth+2
- Regulation+2
How the score is built
From 100 to 70, step by step: points off for the business, the price and the cracks, back for documented strengths, then three data adjustments.
Start
Score
Hover or select a step to see what drove it. Steps with findings open them below.
Key numbers
As of 2 Nov 2026. Analyst targets tend to be optimistic; read upside as a hint, not a forecast.
- Price
- 278.99 USD
- Median analyst target
- 400.00 USD
- Upside to median
- +43.4%
- Analysts
- 58
- Target range
- 300.00 – 500.00 USD
- 52-week change
- −1%
- P/E (trailing)
- 14.6
- Forward P/E
- 20.2
- PEG
- 1.55
Findings
Every deduction and every plus, with its source. Open a step to read them.
Business
Is the company getting stronger, not just bigger? · 2 findings−6 of −30
- −3Quality of earningsQ2 net profit ($112bn) included $99bn of gains on equity stakes (SpaceX and others), not operations. TTM pre-tax profit is $299bn vs operating profit of $148bn, and investment gains make up $149bn.
- −3ROICROIC has fallen from 51.9% (2021) to 40.6% (2024), 34.9% (2025) and 24.9% TTM, because capex has risen from $24.6bn to 132.4bn, and Wiz and others were bought for $34.9bn in cash. The operating margin has risen to 33.1%, but each invested dollar earns markedly less.
Price
Today's multiples against the company's own history and its peers. · 1 finding−16 of −35
- −16Multiples vs own history and peersThe trailing P/E of 17.2 is artificially low because of the gains. Forward P/E 25.5 vs 17.9–29.4 in 2021–25 (average 23.5); EV/EBITDA 23.5 at the top of 12.0–24.8; P/S 9.4 in line with the 2025 peak; P/FCF 78.7 vs 19–52. The FCF yield is 1.3%.
Cracks
Cash flow, customers, debt, insiders, guidance and what sits behind the headline numbers. · 3 findings−12 of −35
- −8Cash flow and capexFree cash flow was negative in Q2 (−$5.9bn), the first time in about 20 years. 2026 capex guidance has been raised to $195–205bn (from 180–190bn), and analysts expect only $7.8bn of FCF for 2026 vs $73bn in 2025. The build-out is partly debt-funded: debt has risen from $30bn to 121bn since 2024, and buybacks have been cut from $62bn to 17bn a year.
- −3RegulationThe EU Court of Justice rejected Google's last appeal of the €4.1bn Android fine on 2/7/2026. The EU's €3.0bn adtech fine from September 2025 is under appeal, and the DOJ search case is in the appeal phase. Together that means lasting risk of conduct remedies against Search and Android.
- −1Insider tradingCEO Pichai sold 32,500 shares for $9.8m in March 2026 and sells every month. There is no insider buying; the amounts are small relative to the company's size.
Plus
Only documented strengths. · 3 findings+7 of +15
- +3Net cashNet cash is $122bn (cash and securities of $242bn vs debt of $121bn), and interest cover is 66x.
- +2Order book and growthGoogle Cloud grew 82% to $24.8bn in Q2 with operating profit of $8.8bn, and the cloud backlog is $514bn. Group revenue rose 24% and operating profit 30%.
- +2RegulationIn September 2026 Judge Brinkema rejected the demand to force Google to sell the AdX exchange in the DOJ adtech case.
Caveats
What the score does not capture, or where the data is weak.
Free cash flow was negative in Q2, and analysts expect only about $8bn of FCF for 2026 with capex of $195–205bn. Profit is inflated by unrealised gains ($149bn TTM), so the trailing P/E is misleading. Who is behind the $514bn cloud order book has not been examined. Next results come 28/10.
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