Stock Analysis on Net

Cigna Group (NYSE:CI)

Enterprise Value (EV)

Microsoft Excel

Current Enterprise Value (EV)

Cigna Group, current enterprise value calculation

Microsoft Excel
Current share price (P) $363.19
No. shares of common stock outstanding 292,355,022
US$ in millions
Common equity (market value)1 106,180
Add: Other noncontrolling interests (per books) 21
Total equity 106,201
Add: Short-term debt (per books) 2,775
Add: Long-term debt (per books) 28,155
Total equity and debt 137,131
Less: Cash and cash equivalents 7,822
Less: Investments 925
Enterprise value (EV) 128,384

Based on: 10-K (reporting date: 2023-12-31).

1 Common equity (market value) = Share price × No. shares of common stock outstanding
= 363.19 × 292,355,022


Historical Enterprise Value (EV)

Cigna Group, EV calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Share price1, 2 $336.14 $294.65 $224.43 $209.34 $181.93
No. shares of common stock outstanding1 292,355,022 297,059,973 320,953,245 351,845,606 372,043,094
US$ in millions
Common equity (market value)3 98,272 87,529 72,032 73,655 67,686
Add: Other noncontrolling interests (book value) 21 13 18 7 6
Total equity 98,293 87,542 72,050 73,662 67,692
Add: Short-term debt (book value) 2,775 2,993 2,545 3,374 5,514
Add: Long-term debt (book value) 28,155 28,100 31,125 29,545 31,893
Total equity and debt 129,223 118,635 105,720 106,581 105,099
Less: Cash and cash equivalents 7,822 5,924 5,081 10,182 4,619
Less: Investments 925 905 920 1,331 937
Enterprise value (EV) 120,476 111,806 99,719 95,068 99,543

Based on: 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), 10-K (reporting date: 2019-12-31).

1 Data adjusted for splits and stock dividends.

2 Closing price as at the filing date of Cigna Group Annual Report.

3 2023 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 336.14 × 292,355,022

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. Cigna Group EV increased from 2021 to 2022 and from 2022 to 2023.