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

Microsoft Corp. (NASDAQ:MSFT)

Enterprise Value (EV)

Intermediate level

Current Enterprise Value (EV)

Microsoft Corp., current enterprise value calculation

Microsoft Excel LibreOffice Calc
Current share price (P) $216.23
No. shares of common stock outstanding 7,567,652,935
US$ in millions
Common equity (market value)1 1,636,354 
Total equity 1,636,354 
Add: Short-term debt (per books) — 
Add: Current portion of long-term debt (per books) 3,749 
Add: Long-term debt, excluding current portion (per books) 59,578 
Total equity and debt 1,699,681 
Less: Cash and cash equivalents 13,576 
Less: Short-term investments 122,951 
Enterprise value (EV) 1,563,154 

Based on: 10-K (filing date: 2020-07-31).

1 Common equity (market value) = Share price × No. shares of common stock outstanding
= 216.23 × 7,567,652,935

Historical Enterprise Value (EV)

Microsoft Corp., EV calculation

Microsoft Excel LibreOffice Calc
Jun 30, 2020 Jun 30, 2019 Jun 30, 2018 Jun 30, 2017 Jun 30, 2016 Jun 30, 2015
Share price1, 2 $205.01 $138.06 $108.04 $72.26 $56.21 $46.70
No. shares of common stock outstanding1 7,567,652,935 7,635,409,400 7,668,217,316 7,702,243,979 7,792,515,573 7,997,980,969
US$ in millions
Common equity (market value)3 1,551,445  1,054,145  828,474  556,564  438,017  373,506 
Total equity 1,551,445  1,054,145  828,474  556,564  438,017  373,506 
Add: Short-term debt (book value) —  —  —  9,072  12,904  4,985 
Add: Current portion of long-term debt (book value) 3,749  5,516  3,998  1,049  —  2,499 
Add: Long-term debt, excluding current portion (book value) 59,578  66,662  72,242  76,073  40,783  27,808 
Total equity and debt 1,614,772  1,126,323  904,714  642,758  491,704  408,798 
Less: Cash and cash equivalents 13,576  11,356  11,946  7,663  6,510  5,595 
Less: Short-term investments 122,951  122,463  121,822  125,318  106,730  90,931 
Enterprise value (EV) 1,478,245  992,504  770,946  509,777  378,464  312,272 

Based on: 10-K (filing date: 2020-07-31), 10-K (filing date: 2019-08-01), 10-K (filing date: 2018-08-03), 10-K (filing date: 2017-08-02), 10-K (filing date: 2016-07-28), 10-K (filing date: 2015-07-31).

1 Data adjusted for splits and stock dividends.

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

3 2020 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 205.01 × 7,567,652,935

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. Microsoft Corp.’s EV increased from 2018 to 2019 and from 2019 to 2020.