Stock Analysis on Net

Alphabet Inc. (NASDAQ:GOOG)

Enterprise Value to EBITDA (EV/EBITDA)

Microsoft Excel

Earnings before Interest, Tax, Depreciation and Amortization (EBITDA)

Alphabet Inc., EBITDA calculation

US$ in millions

Microsoft Excel
12 months ended: Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Net income 100,118 73,795 59,972 76,033 40,269
Add: Income tax expense 19,697 11,922 11,356 14,701 7,813
Earnings before tax (EBT) 119,815 85,717 71,328 90,734 48,082
Add: Interest expense 268 308 357 346 135
Earnings before interest and tax (EBIT) 120,083 86,025 71,685 91,080 48,217
Add: Depreciation of property and equipment 15,311 11,946 13,475 10,273 12,905
Earnings before interest, tax, depreciation and amortization (EBITDA) 135,394 97,971 85,160 101,353 61,122

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).

Item Description The company
EBITDA To calculate EBITDA analysts start with net earnings. To that earnings number, interest, taxes, depreciation, and amortization are added. EBITDA as a pre-interest number is a flow to all providers of capital. Alphabet Inc. EBITDA increased from 2022 to 2023 and from 2023 to 2024.

Enterprise Value to EBITDA Ratio, Current

Alphabet Inc., current EV/EBITDA calculation, comparison to benchmarks

Microsoft Excel
Selected Financial Data (US$ in millions)
Enterprise value (EV) 1,822,573
Earnings before interest, tax, depreciation and amortization (EBITDA) 135,394
Valuation Ratio
EV/EBITDA 13.46
Benchmarks
EV/EBITDA, Competitors1
Comcast Corp. 6.13
Meta Platforms Inc. 16.26
Netflix Inc. 15.41
Walt Disney Co. 15.18
EV/EBITDA, Sector
Media & Entertainment 13.61
EV/EBITDA, Industry
Communication Services 12.13

Based on: 10-K (reporting date: 2024-12-31).

1 Click competitor name to see calculations.

If the company EV/EBITDA is lower then the EV/EBITDA of benchmark then company is relatively undervalued.
Otherwise, if the company EV/EBITDA is higher then the EV/EBITDA of benchmark then company is relatively overvalued.


Enterprise Value to EBITDA Ratio, Historical

Alphabet Inc., historical EV/EBITDA calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in millions)
Enterprise value (EV)1 2,276,529 1,666,699 1,248,790 1,832,285 1,273,801
Earnings before interest, tax, depreciation and amortization (EBITDA)2 135,394 97,971 85,160 101,353 61,122
Valuation Ratio
EV/EBITDA3 16.81 17.01 14.66 18.08 20.84
Benchmarks
EV/EBITDA, Competitors4
Comcast Corp. 5.84 7.10 9.60 8.45 10.36
Meta Platforms Inc. 19.48 19.72 12.19 10.85 17.31
Netflix Inc. 16.03 11.85 8.40 9.51 16.57
Walt Disney Co. 16.57 17.34 17.80 34.53 60.13
EV/EBITDA, Sector
Media & Entertainment 16.13 15.56 12.91 14.62 18.67
EV/EBITDA, Industry
Communication Services 13.75 12.91 11.74 11.57 14.51

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).

1 See details »

2 See details »

3 2024 Calculation
EV/EBITDA = EV ÷ EBITDA
= 2,276,529 ÷ 135,394 = 16.81

4 Click competitor name to see calculations.

Valuation ratio Description The company
EV/EBITDA Enterprise value to earnings before interest, tax, depreciation and amortization is a valuation indicator for the overall company rather than common stock. Alphabet Inc. EV/EBITDA ratio increased from 2022 to 2023 but then slightly decreased from 2023 to 2024.