Current Enterprise Value (EV)
| 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, $0.01 par value per share; none outstanding (per books) | —) |
| Total equity | 52,775,467) |
| Add: Current portion of long-term debt, net (per books) | 699,200) |
| Add: Long-term debt, net of current portion (per books) | 5,962,500) |
| Total equity and debt | 59,437,167) |
| Less: Cash and cash equivalents | 792,800) |
| Enterprise value (EV) | 58,644,367) |
Based on: 10-K (reporting date: 2022-12-31).
1 Common equity (market value) = Share price × No. shares of common stock outstanding
= 494.05 × 106,822,117
Historical Enterprise Value (EV)
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
1 Data adjusted for splits and stock dividends.
2 Closing price as at the filing date of Roper Technologies Inc. Annual Report.
3 2022 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 428.99 × 106,243,275
The enterprise value and associated equity metrics exhibit a consistent growth trajectory from 2018 through 2021, followed by a modest contraction in 2022. This period is characterized by a steady expansion of market capitalization and overall enterprise scale.
- Enterprise Value (EV) Trajectory
- The enterprise value increased from US$ 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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