Micron Technology Inc., current enterprise value calculation

Current share price (P)	$114.84
No. shares of common stock outstanding	1,107,368,110
US$ in millions
Common equity (market value)¹	127,170)
Add: Noncontrolling interest in subsidiary (per books)	—)
Total equity	127,170)
Add: Current debt (per books)	278)
Add: Long-term debt (per books)	13,052)
Total equity and debt	140,500)
Less: Cash and equivalents	8,577)
Less: Short-term investments	1,017)
Enterprise value (EV)	130,906)

¹ Common equity (market value) = Share price × No. shares of common stock outstanding
= 114.84 × 1,107,368,110

Micron Technology Inc., EV calculation

	Aug 31, 2023	Sep 1, 2022	Sep 2, 2021	Sep 3, 2020	Aug 29, 2019	Aug 30, 2018
Share price^1, 2	$69.96	$52.91	$70.12	$52.63	$45.50	$42.34
No. shares of common stock outstanding¹	1,098,034,471	1,087,168,584	1,118,623,738	1,113,221,799	1,107,050,823	1,134,255,375
US$ in millions
Common equity (market value)³	76,818)	57,522)	78,438)	58,589)	50,371)	48,024)
Add: Noncontrolling interest in subsidiary (book value)	—)	—)	—)	—)	889)	870)
Total equity	76,818)	57,522)	78,438)	58,589)	51,260)	48,894)
Add: Current debt (book value)	278)	103)	155)	270)	1,310)	859)
Add: Long-term debt (book value)	13,052)	6,803)	6,621)	6,373)	4,541)	3,777)
Total equity and debt	90,148)	64,428)	85,214)	65,232)	57,111)	53,530)
Less: Cash and equivalents	8,577)	8,262)	7,763)	7,624)	7,152)	6,506)
Less: Short-term investments	1,017)	1,069)	870)	518)	803)	296)
Enterprise value (EV)	80,554)	55,097)	76,581)	57,090)	49,156)	46,728)

¹ Data adjusted for splits and stock dividends.

² Closing price as at the filing date of Micron Technology Inc. Annual Report.

³ 2023 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 69.96 × 1,098,034,471

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Item	Description	The company
EV	Enterprise value is total company value (the market value of common equity, debt, and preferred equity) minus the value of cash and short-term investments.	Micron Technology Inc. EV decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.

Micron Technology Inc. (NASDAQ:MU)

Enterprise Value (EV)