Accenture PLC, current enterprise value calculation

Current share price (P)	$313.54
No. shares of common stock outstanding	629,043,698
US$ in thousands
Common equity (market value)¹	197,230,361)
Add: Noncontrolling interests (per books)	765,754)
Total equity	197,996,115)
Add: Current portion of long-term debt and bank borrowings (per books)	104,810)
Add: Long-term debt, excluding current portion (per books)	43,093)
Total equity and debt	198,144,018)
Less: Cash and cash equivalents	9,045,032)
Less: Short-term investments	4,575)
Enterprise value (EV)	189,094,411)

¹ Common equity (market value) = Share price × No. shares of common stock outstanding
= 313.54 × 629,043,698

Accenture PLC, EV calculation

	Aug 31, 2023	Aug 31, 2022	Aug 31, 2021	Aug 31, 2020	Aug 31, 2019	Aug 31, 2018
Share price^1, 2	$304.36	$250.07	$341.82	$228.14	$184.80	$153.12
No. shares of common stock outstanding¹	627,937,555	630,580,797	632,153,357	634,093,454	635,672,438	638,990,838
US$ in thousands
Common equity (market value)³	191,119,074)	157,689,340)	216,082,660)	144,662,081)	117,472,267)	97,842,277)
Add: Noncontrolling interests (book value)	765,754)	640,991)	567,660)	498,637)	418,683)	359,835)
Total equity	191,884,828)	158,330,331)	216,650,320)	145,160,718)	117,890,950)	98,202,112)
Add: Current portion of long-term debt and bank borrowings (book value)	104,810)	9,175)	12,080)	7,820)	6,411)	5,337)
Add: Long-term debt, excluding current portion (book value)	43,093)	45,893)	53,473)	54,052)	16,247)	19,676)
Total equity and debt	192,032,731)	158,385,399)	216,715,873)	145,222,590)	117,913,608)	98,227,125)
Less: Cash and cash equivalents	9,045,032)	7,889,833)	8,168,174)	8,415,330)	6,126,853)	5,061,360)
Less: Short-term investments	4,575)	3,973)	4,294)	94,309)	3,313)	3,192)
Enterprise value (EV)	182,983,124)	150,491,593)	208,543,405)	136,712,951)	111,783,442)	93,162,573)

¹ Data adjusted for splits and stock dividends.

² Closing price as at the filing date of Accenture PLC Annual Report.

³ 2023 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 304.36 × 627,937,555

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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.	Accenture PLC EV decreased from 2021 to 2022 but then increased from 2022 to 2023 not reaching 2021 level.

Accenture PLC (NYSE:ACN)

Enterprise Value (EV)