$GOOGLBear claim
Value Investing with Sven Carlin, Ph.D.ANALYSTJul 4, 2026The claim
“Google is priced for perfection with a true P/E of 40 after adjusting for Anthropic gains, making it a poor buying opportunity.”
Why he says it — point by point
FAVORABLE & AGAINST · BOTH KEPTOn record
Google is priced for perfection, and which is not a good time to buy.
Why
the true earnings are 105 billion. The true P/E ratio of Google is 40.
Capital expenditures are booming, and we have to see the return on those. free cash flow over the last quarter is just 10 billion, and it's likely to go negative from the expected 100 billion earlier.
The intrinsic value is a little bit more than half of the current stock price.
I also was a buyer of Google at 100.
The structured call
Direction
Bearish
Catalyst
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Target
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The receipt
Publish-day price $$359.91 · the claim is anchored to the moment it was said.