HP Inc., current enterprise value calculation

Current share price (P)	$18.09
No. shares of common stock outstanding	1,481,913,639
US$ in millions
Common equity (market value)¹	26,808)
Add: Preferred stock, $0.01 par value; none issued (per books)	—)
Add: Non-controlling interests (per books)	—)
Total equity	26,808)
Add: Notes payable and short-term borrowings (per books)	1,463)
Add: Long-term debt, excluding current portion (per books)	4,524)
Total equity and debt	32,795)
Less: Cash and cash equivalents	5,166)
Enterprise value (EV)	27,629)

¹ Common equity (market value) = Share price × No. shares of common stock outstanding
= 18.09 × 1,481,913,639

HP Inc., EV calculation

	Oct 31, 2018	Oct 31, 2017	Oct 31, 2016	Oct 31, 2015	Oct 31, 2014	Oct 31, 2013
Share price^1, 2	$22.29	$20.74	$15.51	$12.26	$39.82	$28.07
No. shares of common stock outstanding¹	1,553,494,507	1,645,228,387	1,705,451,042	1,791,848,366	1,834,081,993	1,908,777,048
US$ in millions
Common equity (market value)³	34,627)	34,122)	26,452)	21,968)	73,033)	53,579)
Add: Preferred stock, $0.01 par value; none issued (book value)	—)	—)	—)	—)	—)	—)
Add: Non-controlling interests (book value)	—)	—)	—)	383)	396)	387)
Total equity	34,627)	34,122)	26,452)	22,351)	73,429)	53,966)
Add: Notes payable and short-term borrowings (book value)	1,463)	1,072)	78)	2,885)	3,486)	5,979)
Add: Long-term debt, excluding current portion (book value)	4,524)	6,747)	6,758)	21,780)	16,039)	16,608)
Total equity and debt	40,614)	41,941)	33,288)	47,016)	92,954)	76,553)
Less: Cash and cash equivalents	5,166)	6,997)	6,288)	17,433)	15,133)	12,163)
Enterprise value (EV)	35,448)	34,944)	27,000)	29,583)	77,821)	64,390)

¹ Data adjusted for splits and stock dividends.

² Closing price as at the filing date of HP Inc. Annual Report.

³ 2018 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 22.29 × 1,553,494,507

Download chart

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.	HP Inc. EV increased from 2016 to 2017 and from 2017 to 2018.

HP Inc. (NYSE:HPQ)

Enterprise Value (EV)