Alphabet Isn’t a Search and Ad Company Anymore. Now It’s Valued Like an AI Stock

EV/EBIT is a valuation multiple that divides a company's enterprise value (EV) -- the market capitalization plus debt minus cash -- by its earnings before interest and taxes (EBIT, or operating income). It measures how many times operating earnings the market values the entire business, including debt. A higher multiple indicates investors expect stronger future growth or profitability, while lower multiples suggest caution or maturity.At current valuations, Alphabet's EV/EBIT multiple reached around 23x, u ...