Becton, Dickinson & Co., current enterprise value calculation

Current share price (P)	$259.64
No. shares of common stock outstanding	285,064,629
US$ in millions
Common equity (market value)¹	74,014)
Add: Preferred stock (per books)	2)
Total equity	74,016)
Add: Short-term debt (per books)	500)
Add: Long-term debt, excluding current portion (per books)	17,110)
Total equity and debt	91,626)
Less: Cash and equivalents	2,283)
Less: Restricted cash	109)
Less: Short-term investments	12)
Enterprise value (EV)	89,222)

¹ Common equity (market value) = Share price × No. shares of common stock outstanding
= 259.64 × 285,064,629

Becton, Dickinson & Co., EV calculation

	Sep 30, 2021	Sep 30, 2020	Sep 30, 2019	Sep 30, 2018	Sep 30, 2017	Sep 30, 2016
Share price^1, 2	$244.46	$227.47	$260.40	$242.04	$224.23	$168.48
No. shares of common stock outstanding¹	284,023,582	290,031,363	270,459,892	268,257,940	227,978,328	212,319,588
US$ in millions
Common equity (market value)³	69,432)	65,973)	70,428)	64,929)	51,120)	35,772)
Add: Preferred stock (book value)	2)	2)	2)	2)	2)	—)
Total equity	69,434)	65,975)	70,430)	64,931)	51,122)	35,772)
Add: Short-term debt (book value)	500)	707)	1,309)	2,601)	203)	1,001)
Add: Long-term debt, excluding current portion (book value)	17,110)	17,224)	18,081)	18,894)	18,667)	10,550)
Total equity and debt	87,044)	83,906)	89,820)	86,426)	69,992)	47,323)
Less: Cash and equivalents	2,283)	2,825)	536)	1,140)	14,179)	1,541)
Less: Restricted cash	109)	92)	54)	96)	—)	—)
Less: Short-term investments	12)	20)	30)	17)	21)	27)
Enterprise value (EV)	84,640)	80,969)	89,200)	85,173)	55,792)	45,755)

¹ Data adjusted for splits and stock dividends.

² Closing price as at the filing date of Becton, Dickinson & Co. Annual Report.

³ 2021 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 244.46 × 284,023,582

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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.	Becton, Dickinson & Co. EV decreased from 2019 to 2020 but then slightly increased from 2020 to 2021.

Becton, Dickinson & Co. (NYSE:BDX)

Enterprise Value (EV)