Altria Group Inc., current enterprise value calculation

Current share price (P)	$41.10
No. shares of common stock outstanding	1,763,461,775
US$ in millions
Common equity (market value)¹	72,478)
Add: Noncontrolling interests (per books)	50)
Total equity	72,528)
Add: Current portion of long-term debt (per books)	1,121)
Add: Long-term debt, excluding current portion (per books)	25,112)
Total equity and debt	98,761)
Less: Cash and cash equivalents	3,686)
Enterprise value (EV)	95,075)

¹ Common equity (market value) = Share price × No. shares of common stock outstanding
= 41.10 × 1,763,461,775

Altria Group Inc., EV calculation

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Share price^1, 2	$40.90	$46.54	$51.48	$43.60	$42.49
No. shares of common stock outstanding¹	1,763,461,775	1,785,563,827	1,817,257,322	1,858,689,654	1,858,366,804
US$ in millions
Common equity (market value)³	72,126)	83,100)	93,552)	81,039)	78,962)
Add: Noncontrolling interests (book value)	50)	50)	—)	86)	97)
Total equity	72,176)	83,150)	93,552)	81,125)	79,059)
Add: Current portion of long-term debt (book value)	1,121)	1,556)	1,105)	1,500)	1,000)
Add: Long-term debt, excluding current portion (book value)	25,112)	25,124)	26,939)	27,971)	27,042)
Total equity and debt	98,409)	109,830)	121,596)	110,596)	107,101)
Less: Cash and cash equivalents	3,686)	4,030)	4,544)	4,945)	2,117)
Enterprise value (EV)	94,723)	105,800)	117,052)	105,651)	104,984)

¹ Data adjusted for splits and stock dividends.

² Closing price as at the filing date of Altria Group Inc. Annual Report.

³ 2023 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 40.90 × 1,763,461,775

Download chart

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.	Altria Group Inc. EV decreased from 2021 to 2022 and from 2022 to 2023.

Altria Group Inc. (NYSE:MO)

Enterprise Value (EV)