Enterprise Value (EV)
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Current Enterprise Value (EV)
Best Buy Co. Inc., current enterprise value calculation
| Current share price (P) | |
| No. shares of common stock outstanding | |
| US$ in millions | |
| Common equity (market value)1 | |
| Add: Preferred stock, $1.00 par value; none issued and outstanding (per books) | |
| Total equity | |
| Add: Short-term debt (per books) | |
| Add: Current portion of long-term debt (per books) | |
| Add: Long-term debt, excluding current portion (per books) | |
| Total equity and debt | |
| Less: Cash and cash equivalents | |
| Less: Short-term investments | |
| Enterprise value (EV) | |
Based on: 10-K (reporting date: 2022-01-29).
1 Common equity (market value) = Share price × No. shares of common stock outstanding
= ×
Historical Enterprise Value (EV)
Best Buy Co. Inc., EV calculation
Based on: 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28).
1 Data adjusted for splits and stock dividends.
2 Closing price as at the filing date of Best Buy Co. Inc. Annual Report.
3 2022 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= ×
The financial data reveals notable fluctuations in equity and valuation metrics for the periods analyzed. Common equity (market value) and total equity display identical values, indicating no preferred equity or minority interests impacting total equity figures. Over the six-year span, equity peaked in January 2021 at approximately $29.6 billion, more than doubling from the initial figure of about $13.9 billion in early 2017. However, this peak was followed by a decline in 2022 to approximately $22.9 billion.
Total equity and debt also follow a similar trajectory. Beginning at roughly $15.2 billion in 2017, this total increases steadily, reaching a maximum of about $30.9 billion in early 2021 before experiencing a decrease to around $24.2 billion in 2022. This pattern suggests that both equity and total capital structure components increased significantly until 2021, then contracted somewhat in the subsequent year.
Enterprise value (EV) shows a parallel trend. Starting at approximately $11.3 billion in 2017, EV grows consistently to a peak near $25.4 billion in early 2021, thereafter dropping to roughly $21.2 billion in 2022. The rise in EV until 2021 indicates improving market valuation and possibly operating performance or market sentiment; the decline in 2022 may reflect market adjustments, decreased investor confidence, or changes in capital structure and business outlook.
Overall, the data reflects a period of strong growth in equity and valuation from 2017 through early 2021, followed by a more recent downturn across all key metrics in 2022. This suggests that while the company experienced substantial expansion and increased market valuation over several years, recent conditions have led to a contraction in both equity and enterprise value.