Stock Analysis on Net

Alphabet Inc. (NASDAQ:GOOG)

$24.99

Price to Book Value (P/BV)
since 2005

Microsoft Excel

Calculation

Alphabet Inc., P/BV, long-term trends, calculation

Microsoft Excel

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

1 US$

2 Data adjusted for splits and stock dividends.

3 Closing price as at the filing date of Alphabet Inc. Annual Report.

Share Price
The share price exhibits an overall increasing trend from 2006 through 2025. Initially, the price rose steadily from $8.47 in 2006 to $15.61 in 2011, followed by a period of moderate fluctuations with peaks and troughs, such as a rise to $29.67 in 2014 and a slight dip to $26.39 in 2015. From 2016 onward, the growth accelerates significantly, reaching $103.5 by 2021 and continuing to rise with some volatility, peaking at $193.3 in 2025. There are noticeable fluctuations around 2022-2023, indicating some market volatility or external factors affecting the stock price during these years.
Book Value Per Share (BVPS)
The book value per share presents a consistent upward trajectory throughout the entire period, starting from $0.79 in 2006 and increasing steadily each year to $22.79 in 2024. However, in 2025, there is an anomalous and unrealistic spike to 26,668,088.6, which appears to be a data error or outlier. Absent this anomaly, the growth suggests steady asset value accumulation and reinvestment over time, reflecting company expansion or retained earnings growth.
Price-to-Book Value Ratio (P/BV)
The P/BV ratio demonstrates a declining trend from a high of 10.69 in 2006 to a low near 3.18 in 2012, indicating that the market price relative to the book value per share became more reasonable or that book value growth outpaced share price increases during this period. After 2012, the ratio generally fluctuates between approximately 3.4 and 7.8, with peaks in 2018 and 2021 (4.93 and 6.27 respectively) and a noticeable rise to 7.78 in 2022 followed by a decline. This pattern suggests periods of varying market sentiment and valuation adjustments. The P/BV ratio falls to zero in 2025, likely due to the abnormal book value figure noted previously, thus rendering this ratio unreliable for that year.
Summary of Financial Ratios and Trends
Overall, the financial data reflects substantial growth in market capitalization and book value, with the share price increasing more rapidly in later years. The consistent growth in BVPS indicates a solid, expanding asset base or accumulated retained earnings. The P/BV ratio's decline early on followed by oscillation may indicate changing investor perceptions or adjustments in market valuation methodologies. The anomalous data points in 2025 for BVPS and P/BV ratios suggest caution in interpreting figures from that year. These trends highlight a company that has grown significantly in value and asset base over the period but has experienced periodic valuation volatility.

Comparison to Competitors

Alphabet Inc., P/BV, long-term trends, comparison to competitors

Microsoft Excel

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).


Comparison to Sector (Media & Entertainment)


Comparison to Industry (Communication Services)