Johnson & Johnson, current enterprise value calculation
Current share price (P)
$ 136.56
No. shares of common stock outstanding
2,682,756,061
USD $ in millions
Common equity (market value)
366,357
Add: Preferred stock, without par value, unissued (per books)
–
Total equity
366,357
Add: Loans and notes payable (per books)
3,906
Add: Long-term debt, excluding current portion (per books)
30,675
Total equity and debt
400,938
Less: Cash and cash equivalents
17,824
Less: Marketable securities
472
Enterprise value (EV)
382,642
Historical Enterprise Value (EV)
Johnson & Johnson, EV calculation
Dec 31, 2017
Dec 31, 2016
Dec 31, 2015
Dec 28, 2014
Dec 29, 2013
No. shares of common stock outstanding1
2,682,901,553
2,713,346,602
2,759,359,192
2,780,488,708
2,828,901,694
Share price1, 2 (USD $)
129.91
122.40
104.96
100.70
91.52
USD $ in millions
Common equity (market value)
348,536
332,114
289,622
279,995
258,901
Add: Preferred stock, without par value, unissued (per books)
–
–
–
–
–
Total equity
348,536
332,114
289,622
279,995
258,901
Add: Loans and notes payable (per books)
3,906
4,684
7,004
3,638
4,852
Add: Long-term debt, excluding current portion (per books)
30,675
22,442
12,857
15,122
13,328
Total equity and debt
383,117
359,240
309,483
298,755
277,081
Less: Cash and cash equivalents
17,824
18,972
13,732
14,523
20,927
Less: Marketable securities
472
22,935
24,644
18,566
8,279
Enterprise value (EV)
364,821
317,333
271,107
265,666
247,875
1 Data adjusted for splits and stock dividends. 2 Close price on the filing date of Johnson & Johnson's Annual Report.
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.
Johnson & Johnson's EV increased from 2015 to 2016 and from 2016 to 2017.
