It may seem odd to think about finding value among seven stocks worth over $1 trillion. But this is worth discussing in the case of Alphabet (NASDAQ: GOOGL). The Google parent company has the lowest forward valuation multiple among the Magnificent Seven stocks. Using a forward P/E of 22x for the S&P 500, it is also the only Magnificent Seven stock trading below or equal to the broader market valuation.
That might feel a bit out of place, considering the firm just announced a breakthrough in quantum computing. Still, there are certainly concerns around this company that are weighing on shares. I’ll break down and analyze Alphabet’s key business segments and provide my outlook on this tech stock.
