Stock Analysis on Net

Microsoft Corp. (NASDAQ:MSFT)

$24.99

Enterprise Value (EV)

Microsoft Excel

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Current Enterprise Value (EV)

Microsoft Corp., current enterprise value calculation

Microsoft Excel
Current share price (P)
No. shares of common stock outstanding
US$ in millions
Common equity (market value)1
Total equity
Add: Short-term debt (per books)
Add: Current portion of long-term debt (per books)
Add: Current finance lease liabilities (per books)
Add: Long-term debt, excluding current portion (per books)
Add: Long-term finance lease liabilities (per books)
Total equity and debt
Less: Cash and cash equivalents
Less: Short-term investments
Enterprise value (EV)

Based on: 10-K (reporting date: 2025-06-30).

1 Common equity (market value) = Share price × No. shares of common stock outstanding
= ×


Historical Enterprise Value (EV)

Microsoft Corp., EV calculation

Microsoft Excel
Jun 30, 2025 Jun 30, 2024 Jun 30, 2023 Jun 30, 2022 Jun 30, 2021 Jun 30, 2020
Share price1, 2
No. shares of common stock outstanding1
US$ in millions
Common equity (market value)3
Total equity
Add: Short-term debt (book value)
Add: Current portion of long-term debt (book value)
Add: Current finance lease liabilities (book value)
Add: Long-term debt, excluding current portion (book value)
Add: Long-term finance lease liabilities (book value)
Total equity and debt
Less: Cash and cash equivalents
Less: Short-term investments
Enterprise value (EV)

Based on: 10-K (reporting date: 2025-06-30), 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30).

1 Data adjusted for splits and stock dividends.

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

3 2025 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= ×


Equity Growth
There is a consistent upward trend in both common equity (market value) and total equity from June 30, 2020, through June 30, 2025. The values increased from approximately 1,551 billion USD in 2020 to about 3,815 billion USD in 2025, representing more than a twofold increase over the five-year period.
Total Equity and Debt
Total equity and debt also exhibit a steady increase during the period under review, rising from around 1,624 billion USD in 2020 to approximately 3,904 billion USD in 2025. This suggests an extension in overall capital structure that aligns closely with the increase in equity levels.
Enterprise Value (EV) Trends
The enterprise value shows a consistent rise, moving from about 1,488 billion USD in 2020 to nearly 3,810 billion USD in 2025. This growth parallels the increases in equity and total capital, indicating enhanced market valuation and operational scale.
Comparative Observations
The market value of common equity consistently aligns with total equity, showing no divergence between these measures. Moreover, enterprise value remains slightly below the sum of total equity and debt, which is typical due to the exclusion of certain components like cash and equivalents in EV calculations.
Overall Assessment
The financial data reflects robust growth across key capital structure metrics, indicative of expanding company valuation and possibly improved financial strength. The steady increments in equity and enterprise value underscore positive market sentiment and potential operational growth over the observed period.