Alphabet Inc (GOOG) is slightly undervalued and Meta Platforms Inc (META) is undervalued.
Against our estimates of intrinsic value, META trades at the wider discount: a margin of safety of +34%, against +9% for GOOG.
Values as of the 22 Sept 2026 close.
A 10.6x revenue multiple, adjusted for growth and margin, values the shares at $381.63; the price of $347.41 is 9% below that value.
Leak Score 58/100 on 10 of 12 signals
A 12.5x revenue multiple, adjusted for growth and margin, values the shares at $1109.18; the price of $736.59 is 34% below that value.
Leak Score 81/100 on 8 of 12 signals
| Metric | GOOG | META |
|---|---|---|
| Verdict | Slightly undervalued | Undervalued |
| Price | $347.41 | $736.59 |
| Intrinsic value | $381.63 | $1109.18 |
| Margin of safety | +9% | +34% |
| Leak Score | 58/100 (10/12) | 81/100 (8/12) |
| Market cap | $4.28T | $1.88T |
| Revenue growth, 5 years | 17.2% | 18.5% |
| Operating margin | 34.0% | 38.1% |
| Net margin | 54.7% | 29.8% |
| Return on equity | 48.7% | 29.8% |
| Debt to equity | 0.18 | 0.43 |
| P/E | 17.4x | 27.8x |
| Forward P/E | 23.0x | 21.8x |
| P/B | 6.8x | 7.2x |
| Dividend yield | 0.2% | 0.3% |