Synopsys Inc., current enterprise value calculation

Current share price (P)	$543.66
No. shares of common stock outstanding	152,543,690
US$ in thousands
Common equity (market value)¹	82,931,903)
Add: Preferred stock, $0.01 par value; none outstanding (per books)	—)
Add: Non-controlling interest (per books)	5,950)
Total equity	82,937,853)
Add: Short-term debt (per books)	—)
Add: Long-term debt (per books)	18,078)
Total equity and debt	82,955,931)
Less: Cash and cash equivalents	1,438,913)
Less: Short-term investments	151,639)
Enterprise value (EV)	81,365,379)

¹ Common equity (market value) = Share price × No. shares of common stock outstanding
= 543.66 × 152,543,690

Synopsys Inc., EV calculation

	Oct 31, 2023	Oct 31, 2022	Oct 31, 2021	Oct 31, 2020	Oct 31, 2019	Oct 31, 2018
Share price^1, 2	$567.06	$334.34	$362.23	$242.74	$139.88	$85.63
No. shares of common stock outstanding¹	151,986,878	152,417,194	153,438,336	153,032,497	150,534,877	149,515,012
US$ in thousands
Common equity (market value)³	86,185,679)	50,959,165)	55,579,968)	37,147,108)	21,056,819)	12,802,970)
Add: Preferred stock, $0.01 par value; none outstanding (book value)	—)	—)	—)	—)	—)	—)
Add: Non-controlling interest (book value)	5,950)	4,801)	3,806)	4,963)	5,863)	5,863)
Total equity	86,191,629)	50,963,966)	55,583,774)	37,152,071)	21,062,682)	12,808,833)
Add: Short-term debt (book value)	—)	—)	74,992)	27,084)	17,614)	343,769)
Add: Long-term debt (book value)	18,078)	20,824)	25,094)	100,823)	120,093)	125,535)
Total equity and debt	86,209,707)	50,984,790)	55,683,860)	37,279,978)	21,200,389)	13,278,137)
Less: Cash and cash equivalents	1,438,913)	1,417,608)	1,432,840)	1,235,653)	728,597)	723,115)
Less: Short-term investments	151,639)	147,913)	147,949)	—)	—)	—)
Enterprise value (EV)	84,619,155)	49,419,269)	54,103,071)	36,044,325)	20,471,792)	12,555,022)

¹ Data adjusted for splits and stock dividends.

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

³ 2023 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 567.06 × 151,986,878

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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.	Synopsys Inc. EV decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.

Synopsys Inc. (NASDAQ:SNPS)

Enterprise Value (EV)