Paycom Software Inc., current enterprise value calculation

Current share price (P)	$162.66
No. shares of common stock outstanding	57,700,820
US$ in thousands
Common equity (market value)¹	9,385,615)
Total equity	9,385,615)
Add: Current portion of long-term debt (per books)	—)
Add: Net long-term debt, less current portion (per books)	29,000)
Total equity and debt	9,414,615)
Less: Cash and cash equivalents	400,730)
Enterprise value (EV)	9,013,885)

¹ Common equity (market value) = Share price × No. shares of common stock outstanding
= 162.66 × 57,700,820

Paycom Software Inc., EV calculation

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Share price^1, 2	$307.45	$327.72	$401.55	$303.29	$178.38
No. shares of common stock outstanding¹	57,871,962	58,014,548	57,739,986	57,661,188	57,276,992
US$ in thousands
Common equity (market value)³	17,792,735)	19,012,528)	23,185,491)	17,488,062)	10,217,070)
Total equity	17,792,735)	19,012,528)	23,185,491)	17,488,062)	10,217,070)
Add: Current portion of long-term debt (book value)	—)	1,775)	1,775)	1,775)	1,775)
Add: Net long-term debt, less current portion (book value)	29,000)	27,380)	29,119)	30,858)	32,614)
Total equity and debt	17,821,735)	19,041,683)	23,216,385)	17,520,695)	10,251,459)
Less: Cash and cash equivalents	400,730)	277,978)	151,710)	133,667)	45,718)
Enterprise value (EV)	17,421,005)	18,763,705)	23,064,675)	17,387,028)	10,205,741)

¹ Data adjusted for splits and stock dividends.

² Closing price as at the filing date of Paycom Software Inc. Annual Report.

³ 2022 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 307.45 × 57,871,962

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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.	Paycom Software Inc. EV decreased from 2020 to 2021 and from 2021 to 2022.

Paycom Software Inc. (NYSE:PAYC)

Enterprise Value (EV)