Alphabet's stock, trading under the tickers $GOOG and $GOOGL, is currently the cheapest among the Mag Seven stocks. Despite high valuation metrics like P/E, P/S, and EV/S being at the 90th percentile highs, Alphabet's forward P/E ratio stands at 18.93, significantly lower than its peers such as Meta (23.32), Microsoft (27.95), Nvidia (29.58), Apple (30.69), Amazon (32.07), and Tesla (80.52). Additionally, Alphabet's PEG ratio post-Q2 indicates potential value, making it an attractive option for investors. The stock is trading at 23 times trailing earnings, which is lower compared to Meta (29x), Apple (35x), Microsoft (36x), Amazon (45x), Nvidia (55x), and Tesla (111x). Interest rates are falling, and profits are rising, contributing to a favorable market environment for Alphabet. $GOOG is still one of the most compelling valuation to future growth opportunities in large cap today.