In short, yes. It's your claim to the assets less liabilities of the company. Since Google is trading at around 30x equity, the value equity holders get in cas

In short, yes. It's your claim to the assets less liabilities of the company. Since Google is trading at around 30x equity, the value equity holders get in case of a sale would be about 1/30th of their market cap. I didn't look at their 10k, but debtors would have claim on any assets before equity. If you're an investor in Google, you're betting either someone will buy the stock higher from you in the future or they will eventually pay dividends when growth slows. Here's a discussion on an internet forum on the topic [1]. [1]http://money.stackexchange.com/questions/51976/if-a-stock-doesnt-pay-dividends-then-why-is-the-stock-worth-anything http://money.stackexchange.com/questions/51976/if-a-stock-do...