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Roper Technologies Inc. (NASDAQ:ROP)

This company has been moved to the archive! The financial data has not been updated since November 2, 2023.

Enterprise Value (EV)

Microsoft Excel

Current Enterprise Value (EV)

Roper Technologies Inc., current enterprise value calculation

Microsoft Excel
Current share price (P) $494.05
No. shares of common stock outstanding 106,822,117
US$ in thousands
Common equity (market value)1 52,775,467
Add: Preferred stock, $0.01 par value per share; none outstanding (per books) —
Total equity 52,775,467
Add: Current portion of long-term debt, net (per books) 699,200
Add: Long-term debt, net of current portion (per books) 5,962,500
Total equity and debt 59,437,167
Less: Cash and cash equivalents 792,800
Enterprise value (EV) 58,644,367

Based on: 10-K (reporting date: 2022-12-31).

1 Common equity (market value) = Share price × No. shares of common stock outstanding
= 494.05 × 106,822,117


Historical Enterprise Value (EV)

Roper Technologies Inc., EV calculation

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Share price1, 2 $428.99 $439.21 $383.92 $351.70 $319.35
No. shares of common stock outstanding1 106,243,275 105,602,835 104,939,597 106,109,664 103,607,782
US$ in thousands
Common equity (market value)3 45,577,303 46,381,821 40,288,410 37,318,769 33,087,145
Add: Preferred stock, $0.01 par value per share; none outstanding (book value) — — — — —
Total equity 45,577,303 46,381,821 40,288,410 37,318,769 33,087,145
Add: Current portion of long-term debt, net (book value) 699,200 799,200 502,000 602,200 1,500
Add: Long-term debt, net of current portion (book value) 5,962,500 7,122,600 9,064,500 4,673,100 4,940,200
Total equity and debt 52,239,003 54,303,621 49,854,910 42,594,069 38,028,845
Less: Cash and cash equivalents 792,800 351,500 308,300 709,700 364,400
Enterprise value (EV) 51,446,203 53,952,121 49,546,610 41,884,369 37,664,445

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

1 Data adjusted for splits and stock dividends.

2 Closing price as at the filing date of Roper Technologies Inc. Annual Report.

3 2022 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 428.99 × 106,243,275


The enterprise value and associated equity metrics exhibit a consistent growth trajectory from 2018 through 2021, followed by a modest contraction in 2022. This period is characterized by a steady expansion of market capitalization and overall enterprise scale.

Enterprise Value (EV) Trajectory
The enterprise value increased from US$ 37.66 billion in 2018 to a peak of US$ 53.95 billion in 2021, representing a significant expansion in the total valuation of the business operations. A subsequent correction occurred in 2022, with the value receding to US$ 51.45 billion.
Equity Market Valuation
Common equity market value followed a pattern closely aligned with the enterprise value, rising from US$ 33.09 billion in 2018 to US$ 46.38 billion in 2021. The decline to US$ 45.58 billion in 2022 reflects a slight reduction in market capitalization consistent with the overall trend in enterprise value.
Capital Structure Observations
A persistent gap is observed between total equity and debt and the total enterprise value across all reporting periods. Because total equity and debt figures remained consistently higher than the enterprise value, it is indicated that a substantial cash or cash-equivalent position was maintained to offset the combined value of equity and debt.
Comparative Growth Analysis
The most significant growth phase occurred between 2020 and 2021, where enterprise value rose from US$ 49.55 billion to US$ 53.95 billion. This period of acceleration was followed by a synchronous decline across all measured financial items in 2022, suggesting a broader market adjustment or a strategic shift in capital allocation.

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