Price to Earnings (P/E)
since 2005
Calculation
Alphabet Inc., P/E, long-term trends, calculation
| P/E | = | Share price1, 2, 3 | ÷ | Earnings per share1 (EPS) | EPS1 | = | Net income available to all stockholders1 (in millions) | ÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Feb 5, 2025 | 0.00 | = | 193.30 | ÷ | 8,213,125.51 | 8,213,125.51 | = | 100,118 | ÷ | 12,190 | |
| Jan 31, 2024 | 23.89 | = | 141.80 | ÷ | 5.94 | 5.94 | = | 73,795 | ÷ | 12,433,000,000 | |
| Feb 3, 2023 | 22.47 | = | 105.22 | ÷ | 4.68 | 4.68 | = | 59,972 | ÷ | 12,807,000,000 | |
| Feb 2, 2022 | 25.74 | = | 148.04 | ÷ | 5.75 | 5.75 | = | 76,033 | ÷ | 13,219,426,420 | |
| Feb 3, 2021 | 34.65 | = | 103.50 | ÷ | 2.99 | 2.99 | = | 40,269 | ÷ | 13,482,733,300 | |
| Feb 4, 2020 | 28.96 | = | 72.35 | ÷ | 2.50 | 2.50 | = | 34,343 | ÷ | 13,745,721,800 | |
| Feb 5, 2019 | 25.92 | = | 57.30 | ÷ | 2.21 | 2.21 | = | 30,736 | ÷ | 13,903,727,920 | |
| Feb 6, 2018 | 59.34 | = | 54.03 | ÷ | 0.91 | 0.91 | = | 12,662 | ÷ | 13,905,950,600 | |
| Feb 3, 2017 | 28.45 | = | 40.07 | ÷ | 1.41 | 1.41 | = | 19,478 | ÷ | 13,828,406,540 | |
| Feb 11, 2016 | 29.71 | = | 34.16 | ÷ | 1.15 | 1.15 | = | 15,826 | ÷ | 13,766,395,340 | |
| Feb 9, 2015 | 24.87 | = | 26.39 | ÷ | 1.06 | 1.06 | = | 14,444 | ÷ | 13,612,455,640 | |
| Feb 12, 2014 | 30.87 | = | 29.67 | ÷ | 0.96 | 0.96 | = | 12,920 | ÷ | 13,442,033,240 | |
| Jan 29, 2013 | 23.14 | = | 18.84 | ÷ | 0.81 | 0.81 | = | 10,737 | ÷ | 13,186,528,480 | |
| Jan 26, 2012 | 18.97 | = | 14.20 | ÷ | 0.75 | 0.75 | = | 9,737 | ÷ | 13,005,453,200 | |
| Feb 11, 2011 | 23.60 | = | 15.61 | ÷ | 0.66 | 0.66 | = | 8,505 | ÷ | 12,860,884,200 | |
| Feb 12, 2010 | 26.00 | = | 13.33 | ÷ | 0.51 | 0.51 | = | 6,520 | ÷ | 12,719,171,640 | |
| Feb 13, 2009 | 26.67 | = | 8.94 | ÷ | 0.34 | 0.34 | = | 4,227 | ÷ | 12,611,748,280 | |
| Feb 15, 2008 | 39.48 | = | 13.24 | ÷ | 0.34 | 0.34 | = | 4,204 | ÷ | 12,535,155,520 | |
| Mar 1, 2007 | 45.31 | = | 11.21 | ÷ | 0.25 | 0.25 | = | 3,077 | ÷ | 12,438,287,920 | |
| Mar 16, 2006 | 68.72 | = | 8.47 | ÷ | 0.12 | 0.12 | = | 1,465 | ÷ | 11,889,489,000 |
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 experienced continuous growth over the analyzed period, with a few fluctuations. Starting from $8.47 in early 2006, it rose to $13.33 by 2010, showing moderate growth. From 2010 to 2018, the share price accelerated its increase, reaching $54.03. The upward trend continued strongly, peaking at $193.3 in early 2025, indicating robust market confidence and value appreciation. Notable dips include the decrease from $29.67 in 2014 to $26.39 in 2015 and from $148.04 in 2022 to $105.22 in 2023, suggesting temporary market or company-specific challenges.
- Earnings Per Share (EPS)
- EPS showed a consistent upward trend from $0.12 in 2006 to $2.99 by 2021, reflecting steady profitability improvements. Significant growth occurred between 2021 and 2022 when EPS nearly doubled from $2.99 to $5.75. Despite a slight drop to $4.68 in 2023, EPS rebounded to $5.94 in 2024. The final value for 2025 appears anomalously high (8,213,125.51), likely due to a data error. Overall, excluding this anomaly, EPS growth indicates improved earnings performance and operational efficiency over time.
- Price-to-Earnings (P/E) Ratio
- The P/E ratio exhibits volatility across the periods. It started relatively high at 68.72 in 2006, suggesting a high market valuation relative to earnings. This ratio declined to the teens by 2012, indicating either earnings growth outpacing share price or market revaluation towards moderate pricing. After several fluctuations, the ratio spiked sharply to 59.34 in 2018, possibly reflecting market expectations or earnings decline for that year. From 2019 onwards, the ratio generally stabilized in the low to mid-20s, settling at 0 in 2025, which appears inconsistent with other data and likely represents a reporting anomaly. Periods of decrease in P/E ratio generally coincide with strong EPS growth, reflecting improved valuation fundamentals.
- Overall Trends and Insights
- Over nearly two decades, the financial data depicts a company with significant value appreciation and earnings growth. Share price and EPS increased substantially, signaling successful business expansion and enhanced profitability. The P/E ratio's variability indicates fluctuating market expectations and valuation adjustments, yet the ratio's steadying in later years suggests mature market confidence. A few data irregularities, particularly in the most recent EPS and P/E figures, merit caution in interpretation. Temporary declines in share price and P/E ratio occurred but were generally followed by recovery and further growth, pointing to resilience. The overall pattern is one of long-term growth with occasional short-term volatility.
Comparison to Competitors
Alphabet Inc., P/E, long-term trends, comparison to competitors
| Alphabet Inc. | Comcast Corp. | Meta Platforms Inc. | Netflix Inc. | Take-Two Interactive Software Inc. | Walt Disney Co. | |
|---|---|---|---|---|---|---|
| Feb 5, 2025 | 0.00 | 7.86 | 27.91 | 47.72 | — | 39.74 |
| Jan 31, 2024 | 23.89 | 12.01 | 30.97 | 45.65 | — | 73.44 |
| Feb 3, 2023 | 22.47 | 31.38 | 21.10 | 36.17 | 34.10 | 54.90 |
| Feb 2, 2022 | 25.74 | 16.01 | 16.44 | 33.56 | 35.22 | 137.89 |
| Feb 3, 2021 | 34.65 | 22.37 | 25.89 | 86.39 | 39.58 | — |
| Feb 4, 2020 | 28.96 | 15.39 | 32.31 | 80.66 | 34.91 | 23.96 |
| Feb 5, 2019 | 25.92 | 14.11 | 21.51 | 118.55 | 75.06 | 13.36 |
| Feb 6, 2018 | 59.34 | 8.70 | 35.20 | 220.95 | 119.92 | 17.28 |
| Feb 3, 2017 | 28.45 | 20.56 | 37.05 | 328.44 | — | 16.65 |
| Feb 11, 2016 | 29.71 | 17.78 | 84.21 | 329.54 | — | 23.41 |
| Feb 9, 2015 | 24.87 | 18.01 | 74.26 | 100.63 | 5.20 | 20.31 |
| Feb 12, 2014 | 30.87 | 21.12 | 106.36 | 215.17 | — | 19.83 |
| Jan 29, 2013 | 23.14 | 17.05 | 1,336.24 | 537.93 | — | 15.18 |
| Jan 26, 2012 | 18.97 | 19.40 | — | 30.37 | 29.73 | 12.48 |
| Feb 11, 2011 | 23.60 | 19.29 | — | 77.43 | — | 17.62 |
| Feb 12, 2010 | 26.00 | 12.59 | — | 30.14 | — | 17.36 |
| Feb 13, 2009 | 26.67 | 14.52 | — | 25.28 | 6.74 | 7.83 |
| Feb 15, 2008 | 39.48 | 23.46 | — | 28.85 | — | 12.79 |
| Mar 1, 2007 | 45.31 | 32.61 | — | 31.55 | — | 20.22 |
| Mar 16, 2006 | 68.72 | 61.12 | — | 33.57 | 30.23 | 19.49 |
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)
Alphabet Inc., P/E, long-term trends, comparison to sector (media & entertainment)
| Alphabet Inc. | Media & Entertainment | |
|---|---|---|
| Feb 5, 2025 | 0.00 | 13.29 |
| Jan 31, 2024 | 23.89 | 26.70 |
| Feb 3, 2023 | 22.47 | 24.38 |
| Feb 2, 2022 | 25.74 | 24.03 |
| Feb 3, 2021 | 34.65 | 36.26 |
| Feb 4, 2020 | 28.96 | 28.05 |
| Feb 5, 2019 | 25.92 | 22.44 |
| Feb 6, 2018 | 59.34 | 29.49 |
| Feb 3, 2017 | 28.45 | 27.78 |
| Feb 11, 2016 | 29.71 | 32.45 |
| Feb 9, 2015 | 24.87 | 26.83 |
| Feb 12, 2014 | 30.87 | 30.95 |
| Jan 29, 2013 | 23.14 | 23.10 |
| Jan 26, 2012 | 18.97 | 17.58 |
| Feb 11, 2011 | 23.60 | 21.95 |
| Feb 12, 2010 | 26.00 | 20.61 |
| Feb 13, 2009 | 26.67 | 16.44 |
| Feb 15, 2008 | 39.48 | 25.42 |
| Mar 1, 2007 | 45.31 | 33.13 |
| Mar 16, 2006 | 68.72 | 41.82 |
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 Industry (Communication Services)
Alphabet Inc., P/E, long-term trends, comparison to industry (communication services)
| Alphabet Inc. | Communication Services | |
|---|---|---|
| Feb 5, 2025 | 0.00 | 13.70 |
| Jan 31, 2024 | 23.89 | 24.14 |
| Feb 3, 2023 | 22.47 | 25.42 |
| Feb 2, 2022 | 25.74 | 21.12 |
| Feb 3, 2021 | 34.65 | 36.52 |
| Feb 4, 2020 | 28.96 | 24.26 |
| Feb 5, 2019 | 25.92 | 19.54 |
| Feb 6, 2018 | 59.34 | 18.16 |
| Feb 3, 2017 | 28.45 | 24.37 |
| Feb 11, 2016 | 29.71 | 24.02 |
| Feb 9, 2015 | 24.87 | 26.30 |
| Feb 12, 2014 | 30.87 | 21.69 |
| Jan 29, 2013 | 23.14 | 27.65 |
| Jan 26, 2012 | 18.97 | 24.55 |
| Feb 11, 2011 | 23.60 | 16.20 |
| Feb 12, 2010 | 26.00 | 17.05 |
| Feb 13, 2009 | 26.67 | 13.30 |
| Feb 15, 2008 | 39.48 | 21.09 |
| Mar 1, 2007 | 45.31 | 28.36 |
| Mar 16, 2006 | 68.72 | 24.37 |
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).