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AlphabetFRA:ABEC -0.15%94 EV-to-OCF is 23.06 as of Aug. 11, 2026, which is 38% above its 10-year median of 16.68. GuruFocus rates FRA:ABEC with a GF Score™ of 94/100 and a GF Value™ of €212.57 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 561 Interactive Media companies, Alphabet ranks worse than 86.63% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Alphabet's Enterprise Value is €3,679,044 Mil.
Alphabet's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was €159,520 Mil. Therefore, Alphabet's EV-to-OCF for today is 23.06.
The historical rank and industry rank for Alphabet's EV-to-OCF or its related term are showing as below:
FRA:ABEC'
s EV-to-OCF Range Over the Past 10 Years
Min: 11.3 Med: 16.68 Max: 27.92
Current: 22.9
During the past 13 years, the highest EV-to-OCF of Alphabet was 27.92. The lowest was 11.30. And the median was 16.68.
FRA:ABEC's EV-to-OCF is ranked worse than 86.63% of 561
companies
in the Interactive Media industry
Industry Median: 3.51
vs FRA:ABEC: 22.90
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Alphabet's share price for today is €305.40.
Alphabet's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €17.180.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Alphabet EV-to-OCF Related Terms
Alphabet EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Alphabet's EV-to-OCF 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.
FRA:ABEC vs META, SPOT, NBIS: EV-to-OCF Comparison
For the Internet Content & Information subindustry, Alphabet's EV-to-OCF, along with its competitors' market caps and EV-to-OCF 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 EV-to-OCF vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Alphabet's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Alphabet's EV-to-OCF falls into.
Alphabet's current Enterprise Value is €3,679,044 Mil.
Alphabet's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €159,520 Mil.
* 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.
Alphabet (FRA:ABEC) has a EV-to-OCF of 23.06 as of Aug. 11, 2026. This is 38% above median its historical median of 16.68. Over the past decade, Alphabet's EV-to-OCF has ranged from 11.30 to 27.92. According to the industry distribution chart, Alphabet ranks #486 out of 561 companies in the Interactive Media industry, placing it in the top 86.6%.
Is Alphabet's EV-to-OCF too high?
Alphabet's current EV-to-OCF of 23.06 is 38% above median its 10-year median of 16.68. Over the past 10 years, this metric has ranged from a low of 11.30 to a high of 27.92. The Interactive Media industry median EV-to-OCF is 3.51. Alphabet's value of 23.06 is 557% above this industry median. Based on the distribution chart, Alphabet ranks #486 out of 561 companies in the Interactive Media industry, which is in the bottom quartile relative to peers. Overall, Alphabet has a GF Score™ of 94/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Alphabet's EV-to-OCF compare to META and SPOT?
According to the Interactive Media industry distribution chart, Alphabet ranks #486 out of 561 companies for EV-to-OCF. This places Alphabet in the lower half of its industry. The industry median EV-to-OCF is 3.51. Alphabet's value of 23.06 is 557% above this benchmark. Historically, Alphabet's own EV-to-OCF has ranged from 11.30 to 27.92 over the past decade. While the company's 10-year median is 16.68 vs. the industry median of 3.51, 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 EV-to-OCF for an Interactive Media company?
The median EV-to-OCF among Interactive Media companies is 3.51, based on 561 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-OCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Alphabet's current EV-to-OCF of 23.06 is 557% 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 EV-to-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. For the Interactive Media industry, the median EV-to-OCF is 3.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Alphabet's current EV-to-OCF is 23.06, which is 38% above median its own 10-year median of 16.68. 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 (FRA:ABEC) is currently considered Significantly Overvalued. The stock's GF Value™ is €212.57, compared to a current price of €305.40 — trading 43.7% above its estimated fair value. The current EV-to-OCF is 23.06, which is 38% above median its 10-year median of 16.68 and 557% above the Interactive Media industry median of 3.51. Alphabet's overall GF Score™ is 94/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For Alphabet (FRA:ABEC), the current EV-to-OCF is 23.06 as of Aug. 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 (FRA:ABEC) Overvalued in 2026?
Based on GuruFocus' analysis, Alphabet stock appears to be overvalued.
The current stock price of €305.40 is trading 43.7% above its estimated GF Value™ of €212.57.
GuruFocus considers Alphabet to be Significantly Overvalued.
Key valuation signals for FRA:ABEC:
EV-to-OCF: 23.06 (38% above median its 10-year median of 16.68)
GF Value™: €212.57 vs. price of €305.40 (43.7% above fair value)
Industry Position: 557% above the Interactive Media median (#486 of 561)
No single metric tells the full story. See the FRA:ABEC 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.
94GF Score
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