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In that case, investors can buy Alphabet at a steep discount to its peers. If Alphabet had a 30 P/E ratio instead of a sub-20 P/E, it would be worth well over $3 trillion.

As another fun fact, if Alphabet were assigned a 31.3 times forward earnings multiple at today's prices, it would be tied with Microsoft as the second-largest company in the world by market cap.

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Energy security is national security. In an era of global volatility, reliable and affordable domestic energy is critical to protecting American interests and strengthening community resilience.

Apple's stock trades at a far higher premium than Alphabet's, and Alphabet's stock is actually cheaper than the S&P 500 (SNPINDEX: ^GSPC), which trades for 22.8 times forward earnings.