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STOCK COMPARISON

Alphabet Inc Class C vs NetEase: Fair Value & Quality

Both stocks run through our valuation models. Here is how Alphabet Inc Class C (GOOG) and NetEase (NTES) compare, as of Oct 15, 2026.

As of Oct 15, 2026, Fair Value Calculator sees NetEase as the more attractively valued of the two: Alphabet Inc Class C trades at $344 versus a fair value of $334 (−2.8%), while NetEase trades at $124 versus $255 (+105.9%).
Alphabet Inc Class C
GOOG · USD · Communication Services
−2.8%
upside to fair value
fairly valued
Price$344
Fair Value$334
Quality68/100
NetEase
NTES · USD · Communication Services
+105.9%
upside to fair value
undervalued
Price$124
Fair Value$255
Quality80/100
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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

Alphabet Inc Class CNetEase
Valuation
17.4×P/E (TTM)16.4×
23.1×Forward P/E (FY2027)11.5×
n/aMedian P/E at FY-end (6 FY, reported earnings)17.6×
9.49×P/S (TTM)4.57×
10.19×P/B3.32×
24.5×EV/EBITDA11.1×
1.24×PEG1.16×
−2.8%Fair value upside+105.9%
0.2%Dividend yield2.5%
$0.85Dividend per share$3.04
Profitability
34.0%Operating margin40.2%
1.42×EBIT margin trend (5Y)1.61×
48.7%Return on equity20.4%
22.2%Return on assets15.2%
Growth
24.2%Revenue growth (YoY)7.9%
12.5%Avg. growth/yr (3Y)5.3%
17.2%Avg. growth/yr (5Y)8.9%
+28.9%Value creation/yr+18.4%
Balance & size
903.3×Interest coverage (EBIT/interest)16.7×
0.11×Debt / equity0.00×
$4.2TMarket cap$80B
expensiveGrowth qualityhealthy
NetEase, median P/E at fiscal year-end, 6 fiscal years (2020 to 2025), reported earnings: 17.6.
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. Alphabet Inc Class C: FY 2026 earnings estimate probably distorted by a special item known to analysts (20.62 is not between the FY 2025 actual of 10.81 and the FY 2027 estimate of 14.9).

NetEase leads: 5 to 11 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.

Alphabet Inc Class C NetEase
ProfitabilityHow much profit the company makes from its sales and capital
84
71
Quality GrowthAre margins and returns getting better?
56
53
CashflowDo the profits arrive as real cash?
61
91
Financial strengthDebt, balance sheet and risk of trouble
82
95
InvestmentDoes it invest with discipline instead of growing at any price?
8
63
Low VolatilityHow calm the share price moves, does not count
55
69
MomentumPrice trend of the last 3 to 12 months, does not count
55
35
Near the 52-week highDistance to the 52-week high, does not count
71
27
New sharesBuys back shares or issues new ones?
84
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 familyAlphabet Inc Class CPrice $344NetEasePrice $124
DCF Models−42.1%below the price$199+141.9%above the price$299
Earnings-Based−24.9%below the price$258+56.6%above the price$194
Dividend Discount−95.5%below the price$15.59−55.3%below the price$55.26
Multiples−61.7%below the price$132+0.9%close to the price$125
Asset-Based−93.4%below the price$22.60−79.7%below the price$25.10
Growth DCF−47.5%below the price$180+120.2%above the price$272
Economic Profit−57.3%below the price$147−16.7%below the price$103
Growth Earnings−0.8%close to the price$341+105.8%above the price$255
Minimum−95.5%below the price$15.59−79.7%below the price$25.10
Maximum−0.8%close to the price$341+141.9%above the price$299
Median−52.4%below the price$163+28.7%above the price$159
Geometric mean−68.0%below the price$110+3.4%close to the price$128

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

Alphabet Inc Class C: 23 of 26 models see the stock below the current price.

NetEase: 8 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.

Alphabet Inc Class C
Price $344
Fair Value $334
Bear $210Bull $638
NetEase
Price $124
Fair Value $255
Bear $154Bull $331

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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.

Alphabet Inc Class C · Communication Services

Quality score68 · Top 25%
Fair value upside−2.8% · below median

NetEase · Communication Services

Quality score80 · Top 25%
Fair value upside+105.9% · Top 25%

Bottom line

As of Oct 15, 2026, Fair Value Calculator sees NetEase as the more attractively valued of the two: Alphabet Inc Class C trades at $344 versus a fair value of $334 (−2.8%), while NetEase trades at $124 versus $255 (+105.9%).

NetEase has the higher quality score (80/100).

Open NetEase 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.