Microsoft Excel LibreOffice Calc

Enterprise Value (EV)

Difficulty: Intermediate


Current Enterprise Value (EV)

AbbVie Inc., current enterprise value calculation

Microsoft Excel LibreOffice Calc
Current share price (P) $ 93.42
No. shares of common stock outstanding 1,514,272,698
USD $ in millions
Common equity (market value) 141,463 
Total equity 141,463 
Add: Short-term borrowings (per books) 400 
Add: Current portion of long-term debt and lease obligations (per books) 6,015 
Add: Long-term debt and lease obligations, excluding current portion (per books) 30,953 
Total equity and debt 178,831 
Less: Cash and equivalents 9,303 
Less: Short-term investments 486 
Enterprise value (EV) 169,042 

Historical Enterprise Value (EV)

AbbVie Inc., EV calculation

Microsoft Excel LibreOffice Calc
Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014 Dec 31, 2013
No. shares of common stock outstanding1 1,587,972,655 1,593,920,285 1,611,238,226 1,593,886,909 1,588,518,764
Share price1, 2 (USD $) 118.60 61.77 54.29 61.30 51.04
USD $ in millions
Common equity (market value) 188,334  98,456  87,474  97,705  81,078 
Total equity 188,334  98,456  87,474  97,705  81,078 
Add: Short-term borrowings (per books) 400  377  406  425  413 
Add: Current portion of long-term debt and lease obligations (per books) 6,015  25  2,025  4,021  18 
Add: Long-term debt and lease obligations, excluding current portion (per books) 30,953  36,440  29,240  10,565  14,292 
Total equity and debt 225,702  135,298  119,145  112,716  95,801 
Less: Cash and equivalents 9,303  5,100  8,399  8,348  9,595 
Less: Short-term investments 486  1,323  26  300 
Enterprise value (EV) 215,913  128,875  110,738  104,342  85,906 
1 Data adjusted for splits and stock dividends.
2 Close price on the filing date of AbbVie Inc.'s Annual Report.
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. AbbVie Inc.'s EV increased from 2015 to 2016 and from 2016 to 2017.