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Stock Analysis on Net
Stock Analysis on Net
Microsoft Excel LibreOffice Calc

Alphabet Inc. (NASDAQ:GOOG)

Enterprise Value (EV)

Intermediate level

Current Enterprise Value (EV)

Alphabet Inc., current enterprise value calculation

Microsoft Excel LibreOffice Calc
Current share price (P) $2,043.20
No. shares of common stock outstanding 674,136,665
US$ in millions
Common equity (market value)1 1,377,396 
Add: Convertible preferred stock, $0.001 par value per share; no shares issued and outstanding (per books) — 
Total equity 1,377,396 
Add: Current portion of Notes (per books) 999 
Add: Current portion future finance lease payments, net (per books) 101 
Add: Long-term debt, excluding current portion (per books) 13,932 
Total equity and debt 1,392,428 
Less: Cash, cash equivalents, and marketable securities 136,694 
Enterprise value (EV) 1,255,734 

Based on: 10-K (filing date: 2021-02-03).

1 Common equity (market value) = Share price × No. shares of common stock outstanding
= 2,043.20 × 674,136,665

Historical Enterprise Value (EV)

Alphabet Inc., EV calculation

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Share price1, 2 $2,070.07 $1,447.07 $1,145.99 $1,080.60 $801.49
No. shares of common stock outstanding1 674,136,665 687,286,090 695,186,396 695,297,530 691,420,327
US$ in millions
Common equity (market value)3 1,395,510  994,551  796,677  751,339  554,166 
Add: Convertible preferred stock, $0.001 par value per share; no shares issued and outstanding (book value) —  —  —  —  — 
Total equity 1,395,510  994,551  796,677  751,339  554,166 
Add: Current portion of Notes (book value) 999  —  —  —  — 
Add: Current portion future finance lease payments, net (book value) 101  115  —  —  — 
Add: Long-term debt, excluding current portion (book value) 13,932  4,554  4,012  3,969  3,935 
Total equity and debt 1,410,542  999,220  800,689  755,308  558,101 
Less: Cash, cash equivalents, and marketable securities 136,694  119,675  109,140  101,871  86,333 
Enterprise value (EV) 1,273,848  879,545  691,549  653,437  471,768 

Based on: 10-K (filing date: 2021-02-03), 10-K (filing date: 2020-02-04), 10-K (filing date: 2019-02-05), 10-K (filing date: 2018-02-06), 10-K (filing date: 2017-02-03).

1 Data adjusted for splits and stock dividends.

2 Closing price as at the filing date of Alphabet Inc.’s Annual Report.

3 2020 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 2,070.07 × 674,136,665

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. Alphabet Inc.’s EV increased from 2018 to 2019 and from 2019 to 2020.