Question 1

What is Alphabet's P/B ratio?

Accepted Answer

Alphabet (GOOGL) P/B ratio is 9.4× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by book value of equity, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/B ratio calculated?

Accepted Answer

P/B = Market Capitalisation ÷ Book Value of Equity (most recent quarterly shareholders' equity), or equivalently Share Price ÷ Book Value Per Share. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/B ratio?

Accepted Answer

The price-to-book (P/B) ratio compares a company's market capitalisation to its book value of equity (total shareholders' equity) on the most recent quarterly balance sheet. It is calculated as market cap ÷ book value of equity (equivalent to share price ÷ book value per share). A P/B below 1× implies the market values the business below its accounting net worth; values well above 1× reflect intangible assets, brand value, or a high return on equity.

Question 4

What is a good P/B ratio for Alphabet?

Accepted Answer

A "good" P/B depends on the business model. Banks, insurers, and other capital-heavy financials typically trade near 1×; asset-light technology and consumer-brand companies can sustainably trade at 5×+ because much of their value is intangible. P/B is most informative when paired with return on equity (ROE). For Alphabet specifically, the relevant sector benchmark is the current sector median of 3.7×.

Question 5

Is Alphabet's P/B ratio high or low?

Accepted Answer

Alphabet's P/B ratio of 9.4× is above its own 5-year average of 6.5× and above the sector median of 3.7×. That places the current reading at the 93th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Alphabet's historical P/B ratio range?

Accepted Answer

In the available daily series, Alphabet (GOOGL) P/B ratio has ranged from a low of 2.9× in 2012 to a high of 46.5× in 2004. The 5-year average is 6.5× and the 5-year median is 6.5×.

Question 7

What was Alphabet's P/B ratio in 2025?

Accepted Answer

Alphabet (GOOGL) P/B ratio at the end of 2025 was 9.1×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month book value figure available at that date.

Question 8

Why does Alphabet's P/B ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (book value). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$3.78T	$415.26B	9.1×	+2.0×	Dec 31, 2025
2024	$2.31T	$325.08B	7.1×	+1.0×	Dec 31, 2024
2023	$1.74T	$283.38B	6.2×	+1.7×	Dec 31, 2023
2022	$1.14T	$256.14B	4.4×	-3.2×	Dec 31, 2022
2021	$1.92T	$251.63B	7.6×	+2.3×	Dec 31, 2021
2020	$1.18T	$222.54B	5.3×	+0.7×	Dec 31, 2020
2019	$922.59B	$201.44B	4.6×	+0.5×	Dec 31, 2019
2018	$726.55B	$177.63B	4.1×	-0.7×	Dec 31, 2018
2017	$731.33B	$152.50B	4.8×	+0.9×	Dec 31, 2017
2016	$546.68B	$139.04B	3.9×	-0.5×	Dec 31, 2016
2015	$534.93B	$120.33B	4.4×	+1.0×	Dec 31, 2015
2014	$360.25B	$104.50B	3.4×	-0.9×	Dec 31, 2014
2013	$375.55B	$87.31B	4.3×	+1.0×	Dec 31, 2013
2012	$233.19B	$71.72B	3.3×	-0.4×	Dec 31, 2012
2011	$209.57B	$58.15B	3.6×	-0.5×	Dec 31, 2011
2010	$190.18B	$46.24B	4.1×	-1.4×	Dec 31, 2010
2009	$196.81B	$36.00B	5.5×	+2.0×	Dec 31, 2009
2008	$96.70B	$28.24B	3.4×	-6.1×	Dec 31, 2008
2007	$215.08B	$22.69B	9.5×	+1.3×	Dec 31, 2007
2006	$138.89B	$17.04B	8.2×	-4.0×	Dec 31, 2006
2005	$114.53B	$9.42B	12.2×	-5.8×	Dec 31, 2005
2004	$52.66B	$2.93B	18.0×	-25.7×	Dec 31, 2004
2003	$26.36B	$603.00M	43.7×	—	Dec 31, 2003
2002	$23.69B	—	—	—	Dec 31, 2002


Spotify (SPOT)	10.8×
Take-Two Interactive Software (TTWO)	10.4×
Reddit (RDDT)	8.1×
Electronic Arts (EA)	7.5×
DoorDash (DASH)	6.4×
Meta (META)	5.9×
Roku (ROKU)	5.2×
TKO Group Holdings (TKO)	4.6×
Trade Desk (TTD)	4.4×
T-Mobile US (TMUS)	4.1×
Pinterest (PINS)	4.1×
Snap (SNAP)	3.7×
Nebius Group (NBIS)	3.7×
Fox (FOXA)	2.3×
John Wiley & Sons (WLY)	2.2×
Warner Bros. Discovery (WBD)	2.1×
Verizon (VZ)	2.0×
AT&T (T)	1.8×
Charter Communications (CHTR)	1.7×
Omnicom Group (OMC)	1.6×
News (NWSA)	1.6×
Walt Disney (DIS)	1.5×
Comcast (CMCSA)	1.2×
Telephone and Data Systems (TDS)	1.0×
Paramount Skydance (PSKY)	0.6×

P/B Ratio for Alphabet (GOOGL)

P/B Ratio daily chart for Alphabet (GOOGL)

Historical P/B Ratio for Alphabet (GOOGL) from 2002 to 2025

About P/B Ratio at Alphabet (GOOGL)

Alphabet P/B Ratio by Year

Alphabet P/B Ratio 2025: 9.1×

Alphabet P/B Ratio 2024: 7.1×

Alphabet P/B Ratio 2023: 6.2×

Alphabet P/B Ratio 2022: 4.4×

Alphabet P/B Ratio 2021: 7.6×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

Alphabet (GOOGL) Key Financials

P/B Ratio daily chart for Alphabet (GOOGL)

Historical P/B Ratio for Alphabet (GOOGL) from 2002 to 2025

About P/B Ratio at Alphabet (GOOGL)

Alphabet P/B Ratio by Year

Alphabet P/B Ratio 2025: 9.1×

Alphabet P/B Ratio 2024: 7.1×

Alphabet P/B Ratio 2023: 6.2×

Alphabet P/B Ratio 2022: 4.4×

Alphabet P/B Ratio 2021: 7.6×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

+What is Alphabet's P/B ratio?

+How is the P/B ratio calculated?

+What is the P/B ratio?

+What is a good P/B ratio for Alphabet?

+Is Alphabet's P/B ratio high or low?

+What is Alphabet's historical P/B ratio range?

+What was Alphabet's P/B ratio in 2025?

+Why does Alphabet's P/B ratio change over time?

Alphabet (GOOGL) Key Financials