Pfizer Inc. (PFE) | Enterprise Value (EV)
Current Enterprise Value (EV)
Pfizer Inc., current enterprise value calculation
| Current share price (P) | $ 29.40 |
| No. shares of common stock outstanding | 7,093,223,330 |
| USD $ in millions | |
| Common equity (market value) | 208,541 |
| Add: Preferred stock, without par value, at stated value (per books) | 39 |
| Add: Equity attributable to noncontrolling interests (per books) | 418 |
| Total equity | 208,998 |
| Add: Short-term borrowings, including current portion of long-term debt (per books) | 6,424 |
| Add: Long-term debt, excluding current portion (per books) | 31,036 |
| Total equity and debt | 246,458 |
| Less: Cash and cash equivalents | 10,389 |
| Less: Short-term investments | 22,319 |
| Enterprise value (EV) | 213,750 |
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Historical Enterprise Value (EV)
Pfizer Inc., EV calculation
| Dec 31, 2012 | Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 | Dec 31, 2008 | ||
|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | 7,189,061,853 | 7,538,520,276 | 7,995,220,402 | 8,070,372,772 | 6,745,269,668 | |
| Share price1, 2 (USD $) | 27.37 | 21.22 | 19.24 | 17.55 | 12.31 | |
| USD $ in millions | ||||||
| Common equity (market value) | 196,765 | 159,967 | 153,828 | 141,635 | 83,034 | |
| Add: Preferred stock, without par value, at stated value (per books) | 39 | 45 | 52 | 61 | 73 | |
| Add: Equity attributable to noncontrolling interests (per books) | 418 | 431 | 452 | 432 | 184 | |
| Total equity | 197,222 | 160,443 | 154,332 | 142,128 | 83,291 | |
| Add: Short-term borrowings, including current portion of long-term debt (per books) | 6,424 | 4,018 | 5,623 | 5,469 | 9,320 | |
| Add: Long-term debt, excluding current portion (per books) | 31,036 | 34,931 | 38,410 | 43,193 | 7,963 | |
| Total equity and debt | 234,682 | 199,392 | 198,365 | 190,790 | 100,574 | |
| Less: Cash and cash equivalents | 10,389 | 3,539 | 1,735 | 1,978 | 2,122 | |
| Less: Short-term investments | 22,319 | 23,219 | 26,277 | 23,991 | 21,609 | |
| Enterprise value (EV) | 201,974 | 172,634 | 170,353 | 164,821 | 76,843 | |
2 Close price on the filing date of Pfizer Inc.'s Annual Report.
| 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. | Pfizer Inc.'s EV increased from 2010 to 2011 and from 2011 to 2012. |
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