Alphabet Inc.
$3.75T- Market cap
- $3.83T
- Debt
- +$51.08B
- Cash
- −$126.84B
Capital structure 99% equity / 1% debt · EV / Revenue 9.31x · EV / EBITDA 20.81x
Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
Decision snapshot: GOOGL stock price near parity vs IBM $313.00 current versus $286.66 implied using P/E multiple.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at IBM's multiple
Implied fair value · at GOOGL's multiple
Live quote
As of 2025-12-31
Metric by metric
Where each company leads, and how wide the gap is.
Growth edge
Pricing power
Operating leverage
Multiple premium
Premium justified
Lower leverage
Statements
Core statements aligned to each company's latest fiscal year.
SEC periods: GOOGL FY 2025 (ended Dec 31, 2025) · IBM FY 2025 (ended Dec 31, 2025).
Trendline
Six fiscal years of revenue, earnings, and margins before underwriting a re-rating.
Price framework
Market cap plus debt, less cash.
Capital structure 99% equity / 1% debt · EV / Revenue 9.31x · EV / EBITDA 20.81x
Capital structure 82% equity / 18% debt · EV / Revenue 4.83x · EV / EBITDA 15.66x
GOOGL carries the larger enterprise value at $3.75T against $326.13B; IBM trades on the lower EV / Revenue multiple (4.83x vs 9.31x); IBM on the lower EV / EBITDA (15.66x vs 20.81x).
Price framework
Discounted free cash flow, then bridged to a per-share price. Same assumptions applied to both companies.
Alphabet Inc. · implied price per share
Bear
$113.84
Base
$133.93
Bull
$154.02
INTERNATIONAL BUSINESS MACHINES CORP · implied price per share
Bear
$110.58
Base
$130.10
Bull
$149.61
Balance sheet health
Financial health checks to separate durable balance sheets from potential value traps.
Financial strength on a 0–9 scale.
Bankruptcy-risk signal from balance sheet and earnings power.
Debt / equity
Total debt against shareholders' equity
0.12x
1.88x
Net debt / EBITDA
Leverage against operating earnings
-0.42x
2.26x
Cash and equivalents
Liquid reserves on the balance sheet
$126.84B
$14.20B
Total debt
Interest-bearing obligations outstanding
Comparable set
Where the pair sits against the wider comparable set.
Keep comparing
Open adjacent comparisons from the same industry to pressure-test the read across multiple pairs.
$51.08B
$61.26B
Live quote
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