Alphabet (GOOGL): StockOracle™ Analysis of Google Stock Intrinsic Value – February 2026

As of 3 Feb 2026, StockOracle™ 's OracleValue™ model estimates Alphabet's (GOOG Stock) intrinsic value to be  around $303.07 per share, based on a set of underlying assumptions around growth and discounting applied to their current business fundamentals. This estimate is model-based and assumption-dependent, and may differ materially if those assumptions or inputs change.

Alphabet (GOOGL) OracleIQ™ powered by StockOracle™  - 3th Feb  2026 

Alphabet Inc. operates at a large scale across search, digital advertising, video, mobile operating systems, cloud, AI, and autonomous driving. The key is not just revenue size but revenue quality.

Alphabet (GOOGL) Historical Operating Revenue powered by StockOracle™  - 3rd Feb  2026 

Alphabet reports Search, YouTube, and Android under Google Services, Cloud under Google Cloud, and Waymo under Other Bets, separating core profit engines, growth businesses, and long-term options.

Predictability and profitability are high for OracleIQ™, supported by entrenched platforms and operating leverage, while growth is medium as mature segments balance newer initiatives. 

Within the StockOracle™ framework, OracleMoat™ and financial strength are both high, supported by network effects, data advantages, and strong cash generation. Valuation appears around fair by OracleValue’s™ estimates. 

Alphabet’s Competitive Landscape

Alphabet competes across nearly every major technology vertical facing both incumbents and well-funded disruptors. 

• Google Search & Ads: Microsoft (Bing), Meta (Advertisements), Apple (default search leverage)
• Google Cloud & Gemini AI Infrastructure: Amazon (AWS), Microsoft (Azure)
• Youtube Video & Media: Netflix, Amazon Prime Video, Meta
• Android Mobile Ecosystems: Apple (iOS), Samsung (Android alternatives)
• Waymo Autonomous Mobility: Tesla, traditional OEMs, AI-driven startups

Alphabet’s 89% global search market share provides unmatched access to user intent. Its ecosystem, spanning YouTube, Android, Maps, Chrome, and Gmail, is embedded in daily use, creating high switching costs.

Alphabet (GOOGL) Margins and Returns Chart powered by StockOracle™  - 3rd Feb  2026 

On top of that, Google is operating massive data centers, and investing heavily in research. Its 50–60%+ gross margins also reflect strong pricing power, efficient operations, and sustained profitability.

OracleIQ™ Overview of Alphabet (GOOGL)

Alphabet’s OracleIQ™ signals paint a picture of a business with predictable demand, scalable economics, and strong reinvestment efficiency.

Alphabet (GOOGL) OracleIQ™ powered by StockOracle™  - 3rd Feb 2026 

Predictability: Stable Demand at Global Scale

Alphabet (GOOGL) Financials Trend Chart powered by StockOracle™  - 3rd Feb 2026 

Alphabet’s revenue growth is driven primarily by Google Search and YouTube, products that are used daily by a global user base. As shown in StockOracle™, revenue has increased steadily from roughly $90B in 2016 to nearly $400B on a trailing-twelve-month basis, with no sharp declines even during periods of economic stress. 

Operating income and net income exhibit a similar upward trajectory, indicating that growth is supported by underlying profitability. This multi-year consistency points to a sustainable and predictable business model, where demand is recurring and behavior-driven rather than reliant on short product cycles or shifts in consumer sentiment.

Profitability: Structural Margin Strength

Alphabet (GOOGL) CAPEX , Accumulated Depreciation Trend Chart powered by StockOracle™  - 29th Jan 2026 

Alphabet’s capital expenditures have increased consistently year over year, reaching approximately $78B on a trailing-twelve-month basis. Within the rising CapEx, depreciation has also accelerated, increasing $1.6B year over year to $5.6B, representing roughly 41% YoY growth, with further modest increases expected into Q4. The rise in CapEx and depreciation indicates sustained investment in long-lived assets such as data centers and AI infrastructure.

Alphabet (GOOGL) Financials Trend Chart powered by StockOracle™  - 3rd Feb 2026 

Importantly, Alphabet has continued to produce resilient gross margins at 50+%, displaying Alphabet’s ability to scale infrastructure while preserving operating efficiency.

Alphabet (GOOGL): Long-Term Growth Potential Supported by Strong Financials

Alphabet’s long-term growth is closely tied to its aggressive integration of AI across its ecosystem, supported by deep synergies across products used globally.

Alphabet (GOOGL) Free Cash Flow Per Share 1,3,5 years Chart powered by StockOracle™  - 2nd Feb  2026 

Strong free cash flow generation and a solid balance sheet also gives Alphabet flexibility to reinvest at scale, navigate competitive pressure, and deploy capital efficiently, supporting the durability of its growth profile rather than simply preserving its existing footprint.

OracleValue™ of Alphabet (GOOGL)

As of 2 Feb 2026, the market’s Price-to-OracleValue™ stands near 1.12, suggesting valuations are broadly in line with our model’s fair value.

OracleValue™ is an estimate and should not be taken as a recommendation or a signal to buy or sell stocks.  

Additionally when the growth assumptions in StockOracle’s™ valuation calculator are adjusted to more conservative levels of 12% for Years 1–5, 8% for Years 6–10, and 4% for Years 11–20, the model produces an intrinsic value that still sits close to the current market price, rather than collapsing meaningfully. 

Alphabet (GOOGL) Valuation Calculation powered by StockOracle™  - 2nd Feb  2026 

It may suggest that  Alphabet’s valuation is not overly dependent on aggressive forecasts or optimistic long-term projections, but instead is supported by its existing cash flow base, scale, and financial strength. In practical terms, being conservative here acts like a stress test: if the business still looks fairly valued under restrained assumptions, then the investment case is more resilient: you’re not paying today for perfection, and surprises skew more to the upside.

OracleMoat™: Why the Fundamentals Persist

Alphabet carries a Wide OracleMoat™ rating, underpinned by multiple reinforcing competitive forces that work together rather than in isolation. 

Massive network effects arise from billions of users generating data that continuously improves products and attracts advertisers, whose spending in turn funds further innovation. Google has high barriers to entry that make meaningful replication of Alphabet’s data depth, infrastructure, and entrenched ecosystem effectively impractical, requiring not just enormous capital but many years of sustained execution. 

Strong brand recognition and pricing power position Google as the default interface to the internet for users worldwide. Finally, meaningful switching costs keep users and advertisers embedded across Search, Gmail, Maps, YouTube, and Android. 

Together, these dynamics explain how Alphabet can compete against elite rivals across multiple arenas while still sustaining excess returns over time.

View StockOracle™’s analysis of Alphabet(GOOGL) November 2025.