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The latest data point for GOOGL's EV/EBITDA ratio in Q1'26 stands at 88.97, marking a substantial surge from the previous quarter's 22.33 in Q4'25 and indicating heightened market valuation relative to earnings before interest, taxes, depreciation, and amortization. Over the period from Q2'23 to Q1'26, the EV/EBITDA ratio exhibited volatility with an overall upward trend, starting at 18.40 in Q2'23 and fluctuating between 13.11 in Q1'25 and 19.84 in Q3'25 before accelerating sharply to 88.97 in Q1'26. Key declines occurred in Q3'24 to 17.13 and Q1'25 to 13.11, suggesting temporary undervaluation, while the recent spike highlights potential overvaluation or growth expectations, warranting caution for financial analysts monitoring multiples.