Comcast Corp., current enterprise value calculation

Current share price (P)	$38.57
No. shares of common stock outstanding	3,923,626,048
US$ in millions
Common equity (market value)¹	151,334)
Add: Preferred stock; issued, zero (per books)	—)
Add: Noncontrolling interests (per books)	523)
Total equity	151,857)
Add: Current portion of long-term debt (per books)	2,069)
Add: Long-term debt, less current portion (per books)	95,021)
Total equity and debt	248,947)
Less: Cash and cash equivalents	6,215)
Enterprise value (EV)	242,732)

¹ Common equity (market value) = Share price × No. shares of common stock outstanding
= 38.57 × 3,923,626,048

Comcast Corp., EV calculation

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Share price^1, 2	$46.54	$39.97	$49.99	$51.45	$44.14
No. shares of common stock outstanding¹	3,971,857,339	4,216,056,328	4,533,230,325	4,580,656,172	4,553,034,645
US$ in millions
Common equity (market value)³	184,850)	168,516)	226,616)	235,675)	200,971)
Add: Preferred stock; issued, zero (book value)	—)	—)	—)	—)	—)
Add: Noncontrolling interests (book value)	523)	684)	1,398)	1,415)	1,148)
Total equity	185,373)	169,200)	228,014)	237,090)	202,119)
Add: Current portion of long-term debt (book value)	2,069)	1,743)	2,132)	3,146)	4,452)
Add: Long-term debt, less current portion (book value)	95,021)	93,068)	92,718)	100,614)	97,765)
Total equity and debt	282,463)	264,011)	322,864)	340,850)	304,336)
Less: Cash and cash equivalents	6,215)	4,749)	8,711)	11,740)	5,500)
Enterprise value (EV)	276,248)	259,262)	314,153)	329,110)	298,836)

¹ Data adjusted for splits and stock dividends.

² Closing price as at the filing date of Comcast Corp. Annual Report.

³ 2023 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 46.54 × 3,971,857,339

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.	Comcast Corp. EV decreased from 2021 to 2022 but then slightly increased from 2022 to 2023.

Comcast Corp. (NASDAQ:CMCSA)

Enterprise Value (EV)