Twenty-First Century Fox Inc., current enterprise value calculation

Current share price (P)	$49.43
No. shares of common stock outstanding	1,856,929,453
US$ in millions
Common equity (market value)¹	91,788)
Add: Noncontrolling interests (per books)	1,234)
Total equity	93,022)
Add: Current borrowings (per books)	1,054)
Add: Non-current borrowings (per books)	18,469)
Total equity and debt	112,545)
Less: Cash and cash equivalents	7,622)
Enterprise value (EV)	104,923)

¹ Common equity (market value) = Share price × No. shares of common stock outstanding
= 49.43 × 1,856,929,453

Twenty-First Century Fox Inc., EV calculation

	Jun 30, 2018	Jun 30, 2017	Jun 30, 2016	Jun 30, 2015	Jun 30, 2014	Jun 30, 2013
Share price^1, 2	$45.32	$28.21	$26.16	$30.12	$35.76	$31.44
No. shares of common stock outstanding¹	1,852,574,153	1,851,057,916	1,862,528,151	2,019,460,912	2,190,056,341	2,309,530,372
US$ in millions
Common equity (market value)³	83,959)	52,218)	48,724)	60,826)	78,316)	72,612)
Add: Noncontrolling interests (book value)	1,234)	1,216)	1,220)	966)	3,483)	3,127)
Total equity	85,193)	53,434)	49,944)	61,792)	81,799)	75,739)
Add: Current borrowings (book value)	1,054)	457)	427)	244)	799)	137)
Add: Non-current borrowings (book value)	18,469)	19,456)	19,298)	18,795)	18,259)	16,321)
Total equity and debt	104,716)	73,347)	69,669)	80,831)	100,857)	92,197)
Less: Cash and cash equivalents	7,622)	6,163)	4,424)	8,428)	5,415)	6,659)
Enterprise value (EV)	97,094)	67,184)	65,245)	72,403)	95,442)	85,538)

¹ Data adjusted for splits and stock dividends.

² Closing price as at the filing date of Twenty-First Century Fox Inc. Annual Report.

³ 2018 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 45.32 × 1,852,574,153

Download chart

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.	Twenty-First Century Fox Inc. EV increased from 2016 to 2017 and from 2017 to 2018.

Twenty-First Century Fox Inc. (NASDAQ:FOX)

Enterprise Value (EV)