This is how they calculated the website value:
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This value is represents the approximate value of the website entered. Of course, this value does NOT include the worth of the company behind the website but rather is an estimated value of the website itself. Some of these valuation factors include: PageRank, traffic, backlinks, age of the domain, directory listings, and other items not shown in the summary above.
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So it is not the entire company of google worth that much, just their website.