Stock Analysis on Net
Stock Analysis on Net
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Facebook Inc. (NASDAQ:FB)

Enterprise Value (EV)

Intermediate level

Current Enterprise Value (EV)

Facebook Inc., current enterprise value calculation

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Current share price (P) $261.10
No. shares of common stock outstanding 2,848,292,671
US$ in millions
Common equity (market value)1 743,689 
Total equity 743,689 
Add: Finance lease liabilities, current (per books) 55 
Add: Finance lease liabilities, non-current (per books) 418 
Total equity and debt 744,162 
Less: Cash and cash equivalents 19,079 
Less: Marketable securities 35,776 
Enterprise value (EV) 689,307 

Based on: 10-K (filing date: 2020-01-30).

1 Common equity (market value) = Share price × No. shares of common stock outstanding
= 261.10 × 2,848,292,671


Historical Enterprise Value (EV)

Facebook Inc., EV calculation

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Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Share price1, 2 $209.53 $166.69 $193.09 $130.98 $109.11
No. shares of common stock outstanding1 2,850,450,659 2,853,989,800 2,905,000,758 2,889,981,334 2,846,280,476
US$ in millions
Common equity (market value)3 597,255  475,732  560,927  378,530  310,558 
Total equity 597,255  475,732  560,927  378,530  310,558 
Add: Finance lease liabilities, current (book value) 55  —  —  — 
Add: Finance lease liabilities, non-current (book value) 418  —  —  —  107 
Total equity and debt 597,728  475,732  560,927  378,530  310,672 
Less: Cash and cash equivalents 19,079  10,019  8,079  8,903  4,907 
Less: Marketable securities 35,776  31,095  33,632  20,546  13,527 
Enterprise value (EV) 542,873  434,618  519,216  349,081  292,238 

Based on: 10-K (filing date: 2020-01-30), 10-K (filing date: 2019-01-31), 10-K (filing date: 2018-02-01), 10-K (filing date: 2017-02-03), 10-K (filing date: 2016-01-28).

1 Data adjusted for splits and stock dividends.

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

3 2019 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 209.53 × 2,850,450,659

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. Facebook Inc.’s EV decreased from 2017 to 2018 but then increased from 2018 to 2019 exceeding 2017 level.