Alphabet Inc.
10.84xPrice / tangible book
Market cap
$4.14T
Tangible equity
$381.89B
Price / tangible book
10.84x
Price / book
9.97x
Return on equity
31.8%
Return on assets
22.2%
Efficiency ratio
—
Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
FY 2025 · Mkt capMarket cap $4.14T · View financials
Snapshot Sep 4, 4:00 PM ET
FY 2025 · Mkt cap
Decision snapshot: GOOGL stock price at premium vs MS $338.50 current versus $230.56 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 MS's multiple
Implied fair value · at GOOGL's multiple
Snapshot Sep 4, 4:00 PM ET
Metric by metric
Filter, sort, and scan the equity metrics that matter most for banks: book value, tangible book, returns, and operating efficiency.
Multiple premium
Multiple premium
Profitability edge
Asset efficiency edge
Lower is better
Statements
Bank-focused income statement and equity metrics aligned to the reporting windows.
SEC periods: GOOGL FY 2025 (ended Dec 31, 2025) · MS FY 2025 (ended Dec 31, 2025).
Trendline
Six fiscal years of revenue, earnings, and margins before underwriting a re-rating.
Price framework
Tangible book and profitability anchor a bank, not enterprise value.
Deposits and cash-like balances distort enterprise value for banks, so this section reads equity value, tangible book and profitability instead.
Price / tangible book
Market cap
$4.14T
Tangible equity
$381.89B
Price / tangible book
10.84x
Price / book
9.97x
Return on equity
31.8%
Return on assets
22.2%
Efficiency ratio
—
Price / tangible book
Market cap
$342.01B
Tangible equity
$88.90B
Price / tangible book
3.85x
Price / book
3.06x
Return on equity
15.1%
Return on assets
1.2%
Efficiency ratio
40.4%
Price framework
The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.
Alphabet Inc. · implied price per share
Bear
$101.71
Base
$124.15
Bull
$141.60
MORGAN STANLEY · implied price per share
Bank model off — standard DCF modelling is disabled for financial institutions.
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
3.06x
Net debt / EBITDA
Leverage against operating earnings
-0.42x
3.32x
Cash and equivalents
Liquid reserves on the balance sheet
$126.84B
$111.70B
Total debt
Interest-bearing obligations outstanding
Comparable set
Where the pair sits against the wider banking comparable set.
Keep comparing
Open adjacent comparisons from the same industry to pressure-test the read across multiple pairs.
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GOOGL vs C
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GOOGL vs SCHW
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GOOGL vs WFC
$51.08B
$341.68B
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