Alphabet (GOOGL) Financial Ratios: P/E, ROE & More

Alphabet (GOOGL) Financial Ratios

For fiscal 2025 (fiscal year ended Dec 31, 2025), Alphabet had a P/E ratio of 28.61 (up from 23.21), return on equity of 35.7% (up from 32.9%), debt-to-equity of 0.16 (up from 0.09) and a current ratio of 2.00 (up from 1.84). A current ratio of 2.00 means current assets exceed current liabilities. Its dividend yield was 0.27% with a payout ratio of 7.6%.

Alphabet Financial Ratios Analysis

Valuation, profitability, leverage, and liquidity ratios

Income Statement Balance Sheet Cash Flow Ratios

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Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Valuation Ratios
P/E Ratio	28.61	23.21	23.79	19.09	25.28	29.43
Forward P/E	29.41	22.05	21.69	17.89	26.61	29.57
P/S Ratio	9.39	6.64	5.71	4.05	7.46	6.49
P/B Ratio	9.11	7.15	6.20	4.47	7.64	5.33
Price/Tangible Book	9.90	7.92	6.91	5.04	8.46	5.93
Price/FCF	51.61	31.93	25.26	19.08	28.68	27.67
Price/OCF	22.96	18.54	17.25	12.51	20.97	18.20
PEG Ratio	1.91	1.33	1.23	1.03	1.17	1.88
Enterprise Value Ratios
EV/Revenue	9.25	6.46	5.42	3.74	7.02	5.92
EV/EBITDA	24.82	17.69	17.31	11.98	20.31	19.67
EV/EBIT	28.88	20.11	19.76	14.14	22.96	26.19
EV/FCF	50.87	31.05	23.97	17.63	26.97	25.20
Profitability & Returns
Return on Equity (ROE)	35.71%	32.91%	27.36%	23.62%	32.07%	19.00%
Return on Assets (ROA)	15.43%	16.48%	13.73%	12.91%	14.49%	8.65%
Return on Invested Capital (ROIC)	34.91%	40.65%	38.74%	40.23%	51.89%	32.64%
Return on Capital Employed (ROCE)	26.20%	31.10%	26.30%	25.30%	26.70%	15.70%
Leverage & Solvency Ratios
Debt/Equity	0.16	0.09	0.10	0.12	0.11	0.13
Debt/EBITDA	0.43	0.23	0.30	0.33	0.31	0.48
Debt/FCF	0.91	0.42	0.43	0.50	0.42	0.65
Liquidity Ratios
Current Ratio	2.00	1.84	2.10	2.38	2.93	3.07
Quick Ratio	1.85	1.66	1.94	2.22	2.79	2.96
Efficiency Ratios
Asset Turnover	0.77	0.82	0.80	0.78	0.76	0.61
Inventory Turnover	-	-	-	-	116.90	98.13
Yield & Distribution Ratios
Earnings Yield	3.50%	4.31%	4.20%	5.24%	3.96%	3.40%
FCF Yield	1.94%	3.13%	3.96%	5.24%	3.49%	3.62%
Dividend Yield	0.27%	0.32%	-	-	-	-
Payout Ratio	7.60%	7.35%	-	-	-	-
Buyback Yield	1.74%	2.16%	3.32%	2.91%	1.37%	1.65%
Total Return	2.01%	2.48%	3.32%	2.91%	1.37%	1.65%

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Alphabet Financial Ratios

What is Alphabet's P/E ratio?

Alphabet's P/E ratio was 28.61 for fiscal 2025 (period ended Dec 31, 2025). It was 23.21 a year earlier.

What is Alphabet's return on equity?

Alphabet's return on equity (ROE) was 35.7% for fiscal 2025 (period ended Dec 31, 2025). It was 32.9% a year earlier.

What is Alphabet's debt-to-equity ratio?

Alphabet's debt-to-equity ratio was 0.16 for fiscal 2025 (period ended Dec 31, 2025). It was 0.09 a year earlier.

What is return on equity (ROE)?

Return on equity is net income divided by shareholders' equity. It measures how much profit a company generates from the capital its shareholders have invested. Full definition