Google manages to take over Apple in terms of Enterprise value
Seeking Alpha has revealed a rather surprising piece of information claiming that Google has come way ahead in its ‘Enterprise value’ and has left behind Apple. It sounds surprising because people generally think that Apple has a greater company value as compared to Google and it also has four times as many cash flows as Google. While Google has taken away the crown in enterprise value, Apple has still managed to keep intact its higher market capitalization.
There can be no better value measurement than the enterprise value as it considers the underlying value which has been given to the company by the market. At the moment, Apple has an enterprise value of $339B and Google has taken the lead by a value of $342B. It is not so easy to grasp the values of these two companies and especially when Apple has four times the free cash flow. This free cash flow is also an important measure because it gives an idea of the net income which is left behind after making adjustments such as accounting for depreciation.
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