Broadcom Inc., current enterprise value calculation

Current share price (P)	$1,258.99
No. shares of common stock outstanding	463,421,237
US$ in millions
Common equity (market value)¹	583,443)
Add: Preferred stock, $0.001 par value; 8.00% Mandatory Convertible Preferred Stock, Series A (per books)	—)
Total equity	583,443)
Add: Current portion of long-term debt (per books)	1,608)
Add: Long-term debt, excluding current portion (per books)	37,621)
Total equity and debt	622,672)
Less: Cash and cash equivalents	14,189)
Enterprise value (EV)	608,483)

¹ Common equity (market value) = Share price × No. shares of common stock outstanding
= 1,258.99 × 463,421,237

Broadcom Inc., EV calculation

	Oct 29, 2023	Oct 30, 2022	Oct 31, 2021	Nov 1, 2020	Nov 3, 2019	Nov 4, 2018
Share price^1, 2	$1,106.49	$555.91	$634.96	$434.56	$319.00	$244.91
No. shares of common stock outstanding¹	468,140,569	417,886,140	412,873,968	406,713,118	397,792,289	407,270,901
US$ in millions
Common equity (market value)³	517,993)	232,307)	262,158)	176,741)	126,896)	99,745)
Add: Preferred stock, $0.001 par value; 8.00% Mandatory Convertible Preferred Stock, Series A (book value)	—)	—)	—)	—)	—)	—)
Total equity	517,993)	232,307)	262,158)	176,741)	126,896)	99,745)
Add: Current portion of long-term debt (book value)	1,608)	440)	290)	827)	2,787)	—)
Add: Long-term debt, excluding current portion (book value)	37,621)	39,075)	39,440)	40,235)	30,011)	17,493)
Total equity and debt	557,222)	271,822)	301,888)	217,803)	159,694)	117,238)
Less: Cash and cash equivalents	14,189)	12,416)	12,163)	7,618)	5,055)	4,292)
Enterprise value (EV)	543,033)	259,406)	289,725)	210,185)	154,639)	112,946)

¹ Data adjusted for splits and stock dividends.

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

³ 2023 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 1,106.49 × 468,140,569

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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.	Broadcom Inc. EV decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.

Broadcom Inc. (NASDAQ:AVGO)

Enterprise Value (EV)