Stock Analysis on Net
Stock Analysis on Net
Microsoft Excel LibreOffice Calc

Johnson & Johnson (NYSE:JNJ)

Enterprise Value (EV)

Intermediate level

Current Enterprise Value (EV)

Johnson & Johnson, current enterprise value calculation

Microsoft Excel LibreOffice Calc
Current share price (P) $162.76
No. shares of common stock outstanding 2,628,679,824
US$ in millions
Common equity (market value)1 427,844 
Add: Preferred stock, without par value, unissued (per books) — 
Total equity 427,844 
Add: Loans and notes payable (per books) 2,631 
Add: Long-term debt, excluding current portion (per books) 32,635 
Total equity and debt 463,110 
Less: Cash and cash equivalents 13,985 
Less: Marketable securities 11,200 
Enterprise value (EV) 437,925 

Based on: 10-K (filing date: 2021-02-22).

1 Common equity (market value) = Share price × No. shares of common stock outstanding
= 162.76 × 2,628,679,824

Historical Enterprise Value (EV)

Johnson & Johnson, EV calculation

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Dec 29, 2019 Dec 30, 2018 Dec 31, 2017 Dec 31, 2016
Share price1, 2 $161.87 $149.14 $136.35 $129.91 $122.40
No. shares of common stock outstanding1 2,628,679,824 2,634,721,257 2,663,138,579 2,682,901,553 2,713,346,602
US$ in millions
Common equity (market value)3 425,504  392,942  363,119  348,536  332,114 
Add: Preferred stock, without par value, unissued (book value) —  —  —  —  — 
Total equity 425,504  392,942  363,119  348,536  332,114 
Add: Loans and notes payable (book value) 2,631  1,202  2,796  3,906  4,684 
Add: Long-term debt, excluding current portion (book value) 32,635  26,494  27,684  30,675  22,442 
Total equity and debt 460,770  420,638  393,599  383,117  359,240 
Less: Cash and cash equivalents 13,985  17,305  18,107  17,824  18,972 
Less: Marketable securities 11,200  1,982  1,580  472  22,935 
Enterprise value (EV) 435,585  401,351  373,912  364,821  317,333 

Based on: 10-K (filing date: 2021-02-22), 10-K (filing date: 2020-02-18), 10-K (filing date: 2019-02-20), 10-K (filing date: 2018-02-21), 10-K (filing date: 2017-02-27).

1 Data adjusted for splits and stock dividends.

2 Closing price as at the filing date of Johnson & Johnson’s Annual Report.

3 2020 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 161.87 × 2,628,679,824

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 2018 to 2019 and from 2019 to 2020.