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STOCK COMPARISON

Amazon vs Alphabet: Fair Value & Quality

Both stocks run through our valuation models. Here is how Amazon (AMZN) and Alphabet (GOOG) compare, as of Oct 30, 2026.

As of Oct 30, 2026, Fair Value Calculator sees Alphabet as the more attractively valued of the two: Amazon trades at $240 versus a fair value of $140 (−41.7%), while Alphabet trades at $278 versus $306 (+10.0%).
Amazon
AMZN · USD · Consumer Discretionary
−41.7%
upside to fair value
overvalued
Price$240
Fair Value$140
Quality56/100
Fair ValueQualityUptrend
Alphabet
GOOG · USD · Communication Services
+10.0%
upside to fair value
fairly valued
Price$278
Fair Value$306
Quality68/100
Fair ValueQualityUptrend
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Head-to-head numbers

Green is the better side of a row, red the weaker one (for valuation multiples: lower = cheaper). Grey rows are for reference only and are not scored.

betterweakerfor reference, not scored

AmazonAlphabet
Valuation
19.4×P/E (TTM)16.8×
22.8×Forward P/E (FY2027)18.3×
3.29×P/S (TTM)8.83×
6.37×P/B9.48×
14.2×EV/EBITDA22.8×
1.39×PEG1.10×
−41.7%Fair value upside+10.0%
n/aDividend yield0.3%
n/aDividend per share$0.85
Profitability
13.9%Operating margin34.0%
1.90×EBIT margin trend (5Y)1.42×
27.4%Return on equity48.7%
9.5%Return on assets22.2%
Growth
12.1%Revenue growth (YoY)24.2%
11.7%Avg. growth/yr (3Y)12.5%
13.2%Avg. growth/yr (5Y)17.2%
+27.7%Value creation/yr+29.0%
Balance & size
35.2×Interest coverage (EBIT/interest)903.3×
0.16×Debt / equity0.11×
$2.6TMarket cap$3.9T
expensiveGrowth qualityexpensive
Forward P/E: price divided by the analyst consensus for the first fiscal year that has not started yet. The current year carries special items from quarters already reported. Amazon: FY 2026 earnings estimate probably distorted by a special item known to analysts (12.92 is not between the FY 2025 actual of 7.17 and the FY 2027 estimate of 10.55).
Valuation multiples (P/E, P/S, P/B, EV/EBITDA) are shown but not scored here: the two companies sit in different sectors, and multiples only compare fairly between similar business models. PEG stays scored, as it relates the P/E to growth.

Alphabet leads: 1 to 9 metric wins.

n/a = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Amazon Alphabet
ProfitabilityHow much profit the company makes from its sales and capital
65
84
Quality GrowthAre margins and returns getting better?
52
56
CashflowDo the profits arrive as real cash?
44
61
Financial strengthDebt, balance sheet and risk of trouble
80
82
InvestmentDoes it invest with discipline instead of growing at any price?
3
8
Low VolatilityHow calm the share price moves, does not count
42
52
Price momentumPrice momentum of the last 3 to 12 months, does not count
32
25
Near the 52-week highDistance to the 52-week high, does not count
44
20
New sharesBuys back shares or issues new ones?
72
84

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyAmazonPrice $240AlphabetPrice $278
DCF Models−23.5%below the price$184−24.6%below the price$210
Earnings-Based−28.9%below the price$171−7.3%close to the price$258
Dividend Discountn/a−95.0%below the price$13.95
Multiples−44.4%below the price$134−53.5%below the price$129
Asset-Based−90.2%below the price$23.46−99.2%below the price$2.11
Growth DCF−72.5%below the price$66.19−40.5%below the price$166
Economic Profit−68.8%below the price$74.98−52.5%below the price$132
Growth Earnings−5.7%close to the price$227+22.6%above the price$341
Matching families7 of 8
Minimum−90.2%below the price$23.46−99.2%below the price$2.11
Maximum−5.7%close to the price$227+22.6%above the price$341
Median−44.4%below the price$134−40.5%below the price$166
Geometric mean−57.8%below the price$101−63.5%below the price$101
Ahead family by family3 of 74 of 7

Minimum, maximum, median and geometric mean only use the families both stocks have (matching families: 7 of 8), so a family without a value on one side does not distort the comparison. Ahead in a family is the stock whose fair value there sits higher relative to its price. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

Family by family: Alphabet is ahead in 4 of 7 shared families, Amazon in 3.

Amazon: 22 of 23 models see the stock below the current price.

Alphabet: 22 of 26 models see the stock below the current price.

Scenario ranges

From our cautious bear scenario to the optimistic bull scenario. The white tick is the current price (value above it), the green tick the fair value (value below it): if the price sits left of the fair value, there is room to rise.

Amazon
Price $240
Fair Value $140
Bear $68.43Bull $175
Alphabet
Price $278
Fair Value $306
Bear $191Bull $586

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Amazon · Consumer Discretionary

Quality score56 · above median
Fair value upside−41.7% · below median

Alphabet · Communication Services

Quality score68 · Top 25%
Fair value upside+10.0% · above median

Bottom line

As of Oct 30, 2026, Fair Value Calculator sees Alphabet as the more attractively valued of the two: Amazon trades at $240 versus a fair value of $140 (−41.7%), while Alphabet trades at $278 versus $306 (+10.0%).

Alphabet has the higher quality score (68/100).

Open Alphabet live analysis →

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.