This brings Google’s market capitalization to over $300 billion, and this figure starts to look close to the market cap of the world’s biggest tech company, Apple.
Google’s price to earnings ratio however is worse than Apple’s. Google has a P/E margin of around 27 while Apple’s one is only around 10.
But Apple is not the only rival we have to mention. With this recent share value surge Google has beaten Microsoft in terms of total market cap. Google’s current $300 billion are more than Microsoft’s market cap of $281 billion.
Those share evaluations are extremely volatile and unpredictable, though, and with Google I/O kicking off in hours we wouldn’t be surprise to see them change again rapidly. Stay tuned!