Enterprise Value (EV)
Current Enterprise Value (EV)
Cigna Group, current enterprise value calculation
| Current share price (P) | $302.92 |
| No. shares of common stock outstanding | 273,678,464 |
| US$ in millions | |
| Common equity (market value)1 | 82,903) |
| Add: Other noncontrolling interests (per books) | 210) |
| Total equity | 83,113) |
| Add: Short-term debt (per books) | 3,035) |
| Add: Long-term debt (per books) | 28,937) |
| Total equity and debt | 115,085) |
| Less: Cash and cash equivalents | 7,550) |
| Less: Investments | 665) |
| Enterprise value (EV) | 106,870) |
Based on: 10-K (reporting date: 2024-12-31).
1 Common equity (market value) = Share price × No. shares of common stock outstanding
= 302.92 × 273,678,464
Historical Enterprise Value (EV)
Cigna Group, EV calculation
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 Data adjusted for splits and stock dividends.
2 Closing price as at the filing date of Cigna Group Annual Report.
3 2024 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 302.92 × 273,678,464
The financial trajectory from 2020 to 2024 is characterized by a period of sustained growth peaking in 2023, followed by a contraction in 2024. All tracked valuation and capital metrics show a synchronized movement, suggesting a strong correlation between the book value of equity, market capitalization, and the overall enterprise value.
- Enterprise Value Trends
- The Enterprise Value (EV) experienced a consistent upward trend from 2020, rising from US$ 95,068 million to a peak of US$ 120,476 million by December 31, 2023. This represents a cumulative increase of approximately 26.7% over three years. A subsequent correction occurred in 2024, with the EV declining to US$ 106,870 million, a reduction of approximately 11.3% from the 2023 high.
- Equity and Market Capitalization Alignment
- There is a near-perfect correlation between common equity market value and total equity throughout the analyzed period. For each year, the market value of equity almost exactly mirrors the total book value of equity, peaking in 2023 at approximately US$ 98.3 billion. This indicates that the market is valuing the company's equity very close to its accounting book value, with a slight decrease observed in 2024 to US$ 82.9 billion for market value and US$ 83.1 billion for total equity.
- Capital Structure and Net Value
- Total equity and debt followed the same growth and contraction pattern as the Enterprise Value, reaching a maximum of US$ 129,223 million in 2023 before falling to US$ 115,085 million in 2024. Notably, the Enterprise Value remained consistently lower than the total equity and debt figure across all five years. This gap suggests that the company maintains a significant cash or cash-equivalent position that offsets the total debt when calculating the total enterprise value.
AI Ask an analyst for more
Hi, I’m an AI-powered financial analyst at Stock Analysis on Net.
Without a user account, I tend to respond rather slowly.
How can I help you?