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AlphabetWAR:GOGL +0.28%75 Cyclically Adjusted PS Ratio is 15.22 as of Sep. 11, 2026, which is 31% above its 10-year median of 11.60. GuruFocus rates WAR:GOGL with a GF Score™ of 75/100 and a GF Value™ of zł962.36 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 339 Interactive Media companies, Alphabet ranks worse than 96.76% on this metric.
The historical rank and industry rank for Alphabet's Cyclically Adjusted PS Ratio or its related term are showing as below:
WAR:GOGL'
s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 7.46 Med: 11.6 Max: 19.42
Current: 15.38
During the past years, Alphabet's highest Cyclically Adjusted PS Ratio was 19.42. The lowest was 7.46. And the median was 11.60.
WAR:GOGL's Cyclically Adjusted PS Ratio is ranked worse than 96.76% of 339
companies
in the Interactive Media industry
Industry Median: 1.3
vs WAR:GOGL: 15.38
The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.
Alphabet's adjusted revenue per share data for the three months ended in Jun. 2026 was zł36.256. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is zł81.30 for the trailing ten years ended in Jun. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Alphabet (WAR:GOGL) Cyclically Adjusted PS Ratio Explanation
Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.
If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.
Alphabet Cyclically Adjusted PS Ratio Related Terms
Alphabet Cyclically Adjusted PS Ratio Historical Data
* Premium members only.
The historical data trend for Alphabet's Cyclically Adjusted PS Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
WAR:GOGL vs META, SPOT, NBIS: Cyclically Adjusted PS Ratio Comparison
For the Internet Content & Information subindustry, Alphabet's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Alphabet Cyclically Adjusted PS Ratio vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Alphabet's Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where Alphabet's Cyclically Adjusted PS Ratio falls into.
Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.
The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.
Alphabet's Cyclically Adjusted PS Ratio for today is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.
What does a Cyclically Adjusted PS Ratio of 15.22 mean?
Alphabet (WAR:GOGL) has a Cyclically Adjusted PS Ratio of 15.22 as of Sep. 11, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Alphabet and its competitors. This is 31% above median its historical median of 11.60. Over the past decade, Alphabet's Cyclically Adjusted PS Ratio has ranged from 7.46 to 19.42. According to the industry distribution chart, Alphabet ranks #328 out of 339 companies in the Interactive Media industry, placing it in the top 96.8%.
Is Alphabet's Cyclically Adjusted PS Ratio too high?
Alphabet's current Cyclically Adjusted PS Ratio of 15.22 is 31% above median its 10-year median of 11.60. Over the past 10 years, this metric has ranged from a low of 7.46 to a high of 19.42. The Interactive Media industry median Cyclically Adjusted PS Ratio is 1.30. Alphabet's value of 15.22 is 1070.8% above this industry median. Based on the distribution chart, Alphabet ranks #328 out of 339 companies in the Interactive Media industry, which is in the bottom quartile relative to peers. Overall, Alphabet has a GF Score™ of 75/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Alphabet's Cyclically Adjusted PS Ratio compare to META and SPOT?
According to the Interactive Media industry distribution chart, Alphabet ranks #328 out of 339 companies for Cyclically Adjusted PS Ratio. This places Alphabet in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.30. Alphabet's value of 15.22 is 1070.8% above this benchmark. Historically, Alphabet's own Cyclically Adjusted PS Ratio has ranged from 7.46 to 19.42 over the past decade. While the company's 10-year median is 11.60 vs. the industry median of 1.30, Alphabet has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PS Ratio for an Interactive Media company?
The median Cyclically Adjusted PS Ratio among Interactive Media companies is 1.30, based on 339 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Alphabet's current Cyclically Adjusted PS Ratio of 15.22 is 1070.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Alphabet and its competitors. For the Interactive Media industry, the median Cyclically Adjusted PS Ratio is 1.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Alphabet's current Cyclically Adjusted PS Ratio is 15.22, which is 31% above median its own 10-year median of 11.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alphabet stock overvalued right now?
Based on GuruFocus' analysis, Alphabet (WAR:GOGL) is currently considered Modestly Overvalued. The stock's GF Value™ is zł962.36, compared to a current price of zł1,237.20 — trading 28.6% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 15.22, which is 31% above median its 10-year median of 11.60 and 1070.8% above the Interactive Media industry median of 1.30. Alphabet's overall GF Score™ is 75/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Alphabet (WAR:GOGL), the current Cyclically Adjusted PS Ratio is 15.22 as of Sep. 11, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Alphabet (WAR:GOGL) Overvalued in 2026?
Based on GuruFocus' analysis, Alphabet stock appears to be overvalued.
The current stock price of zł1,237.20 is trading 28.6% above its estimated GF Value™ of zł962.36.
GuruFocus considers Alphabet to be Modestly Overvalued.
Key valuation signals for WAR:GOGL:
Cyclically Adjusted PS Ratio: 15.22 (31% above median its 10-year median of 11.60)
GF Value™: zł962.36 vs. price of zł1,237.20 (28.6% above fair value)
Industry Position: 1070.8% above the Interactive Media median (#328 of 339)
No single metric tells the full story. See the WAR:GOGL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Alphabet is a holding company that wholly owns internet giant Google. The California-based company derives slightly less than 90% of its revenue from Google services, the vast majority of which is advertising sales. Alongside online ads, Google services houses sales stemming from Google's subscription services (YouTube TV and YouTube Music, among others), platforms (sales and in-app purchases on Play Store), and devices (Chromebooks, Pixel smartphones, and smart home products such as Chromecast). Google's cloud computing platform accounts for roughly 10% of Alphabet's revenue. The firm's investments in up-and-coming technologies such as self-driving cars (Waymo), health (Verily), and internet access (Google Fiber) make up the rest.
75GF Score
Get the complete analysis for WAR:GOGL
Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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