AMZN Quick and Dirty Valuation

	A	B	C	D	F	G	H
1	AMZN Quick and Dirty Valuation
2	as of 10/3/25
3	Financials as of 6/30/25
4		Amazon	AWS	Total	Amazon	AWS	Total
5	Revenue - TTM	$553,660	$116,378	$670,038	$553,660	$116,378	$670,038
6	YoY growth	9.47%	18.05%	10.87%	9.47%	18.05%	10.87%
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8	Operating income - TTM	$33,404	$42,786	$76,190	$33,404	$42,786	$76,190
9	Operating margin	6.03%	36.76%	11.37%	6.03%	36.76%	11.37%
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11	Comparable multiple	COST	ORCL		Realistic Multiples
12	Multiple	38.40	48.40		20.00	40.00
13	Enterprise value	$1,282,714	$2,070,842	$3,353,556	$668,080	$1,711,440	$2,379,520
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15	Less: long-term debt			$133,939			$133,939
16	Less: preferred stock			$0			$0
17	Plus: cash			$93,180			$93,180
18	Calculated equity value			$3,312,797			$2,338,761
19	Current market cap			$2,341,000			$2,341,000
20	% over/(under) priced			-29.33%			0.10%
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