$Alphabet(GOOG)$ $Alphabet(GOOGL)$The stock split alone will put shares of Alphabet within reach of most retail investors. However, Alphabet’s stock is also down 23% year-to-date and trades 26% below its 52-week high. The company’s price-to-earnings (P/E) ratio has declined along with the share price to an attractive level of 19, which is below the average of 25 among large cap technology stocks.
Put it all together, and GOOGL stock trading at itsmost affordable levelsince shortly after the company went public in 2004, and the share price is at its most undervalued since the 2008-09 financial crisis. Investors can take a position in one of the world’s most dominant technology companies for close to what they would have paid when the search engine giant held its initial public offering (IPO). Since then, Alphabet’s share price has gained more than 4,000%.
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