GOOGAlphabet Inc. (Class C)
Is the price fair?
The yardsticks disagree: cheap against its own 5-year P/E range (5th percentile) but the cash-flow math implies demanding growth. Treat as fair, not cheap.
Priced for ~24% a year FCF growth. The price demands more than its three-year revenue growth of 15% a year, priced for acceleration.
Cheap vs its own history: P/E 17.5 vs a 25.5 median over 39 quarters (−31% vs median).
Where this answer is blind. The growth-implied estimate assumes a fixed discount rate; capital-heavy sectors look structurally rich on it.
What GOOG's price assumes
Alphabet Inc. (Class C) trades at 17.5× earnings against 16.1× for the median Communication Services name, more expensive than its own group.
Trailing P/E · Communication Services median 16.1 · 1.09× the median: the market pays up for this one
- Price / sales
- 9.53
Price / sales · as of 2026-Q2
- Free cash flow yield
- 1.3%
Free cash flow yield · Communication Services median 8.7%
- Growth the price implies
- +24%
Growth the price implies · The price pays for +24% free cash flow growth a year for a decade; the business has delivered −9.2% a year over the last three.
Details›
- Price / bookas of 2026-Q2
- 6.63
- EV / EBITas of 2026-Q2
- 27.8
- EV / salesas of 2026-Q2
- 9.21
- Communication Services median P/E140 names
- 16.1
- Free cash flow, trailing twelve months
- $53.3B
- Market capitalisation
- $4.16T
- 3-year revenue growth
- +15%
- 3-year free cash flow growth
- −9.2%
| Method | Per share |
|---|---|
| Its own P/E history, lower quartile | $458.51 |
| Its own P/E history, median | $507.21 |
| Its own P/E history, upper quartile | $568.94 |
| 52-week range | $237.03 – $398.80 |
| Today | $347.96 |
Multiples from SEC filings and end-of-day closes; implied growth from a reverse discounted cash flow. Group medians across the names Ryufin tracks.
Communication Services
Ranks #11 of 124 by RyuScore