Enterprise Value (EV)
Current Enterprise Value (EV)
Palantir Technologies Inc., current enterprise value calculation
| Current share price (P) | $174.03 |
| No. shares of common stock outstanding | 2,372,342,421 |
| US$ in thousands | |
| Common equity (market value)1 | 412,858,752) |
| Add: Noncontrolling interests (per books) | 91,132) |
| Total equity | 412,949,884) |
| Add: Debt, noncurrent, net (per books) | —) |
| Total equity and debt | 412,949,884) |
| Less: Cash and cash equivalents | 2,098,524) |
| Less: Marketable securities | 3,131,463) |
| Enterprise value (EV) | 407,719,897) |
Based on: 10-K (reporting date: 2024-12-31).
1 Common equity (market value) = Share price × No. shares of common stock outstanding
= 174.03 × 2,372,342,421
Historical Enterprise Value (EV)
Palantir Technologies Inc., EV calculation
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 Data adjusted for splits and stock dividends.
2 Closing price as at the filing date of Palantir Technologies Inc. Annual Report.
3 2024 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 124.62 × 2,345,356,506
- Common Equity (Market Value)
- The common equity market value exhibited significant volatility from 2020 to 2024. It started at approximately $43.55 billion in 2020 and decreased sharply over the next two years, falling to around $17.80 billion by the end of 2022. Subsequently, it experienced a substantial recovery, rising to about $51.78 billion in 2023 and then surging dramatically to approximately $292.28 billion in 2024. This pattern indicates a period of decline followed by rapid growth in market valuation during the latter years.
- Total Equity
- Total equity followed a similar trajectory to common equity, starting at roughly $43.55 billion in 2020 and decreasing to $17.88 billion by 2022. It then rebounded strongly to $51.86 billion in 2023 before increasing sharply to $292.37 billion in 2024. The close alignment between total equity and common equity values suggests that common equity forms the substantial part of the total equity structure.
- Total Equity and Debt
- This figure mirrors the trends observed in total equity, with values matching those of total equity exactly for each year. Starting at about $43.75 billion in 2020, it declined to $17.88 billion in 2022 and subsequently rose dramatically to $51.86 billion and then to $292.37 billion in 2023 and 2024, respectively. The matching values imply minimal or no long-term debt during the periods analyzed.
- Enterprise Value (EV)
- Enterprise value showed a trend paralleling the equity metrics but remained consistently lower. It decreased from approximately $41.74 billion in 2020 to $15.24 billion in 2022, indicating a contraction in overall company valuation during that interval. Then, it rose substantially to about $48.19 billion in 2023 and further to $287.14 billion in 2024. The sustained gap between enterprise value and equity-related measures suggests the presence of certain liabilities or cash reserves, though these are relatively minor based on the close absolute figures.
- Overall Analysis
- The data reveals a pronounced dip in market and book values through 2021 and 2022, followed by a marked recovery and exceptional growth in 2023 and 2024. The closely aligned figures of total equity, total equity plus debt, and common equity imply a capital structure predominantly equity-financed with negligible debt obligations. The rising enterprise value signals significant enhancement in firm valuation, potentially driven by improved market conditions, operational performance, or investor sentiment.