Stock Analysis on Net

Johnson & Johnson (NYSE:JNJ)

Enterprise Value (EV) 

Microsoft Excel

Current Enterprise Value (EV)

Johnson & Johnson, current enterprise value calculation

Microsoft Excel
Current share price (P) $158.18
No. shares of common stock outstanding 2,408,767,228
US$ in millions
Common equity (market value)1 381,019
Add: Preferred stock, without par value, unissued (per books)
Total equity 381,019
Add: Loans and notes payable (per books) 3,451
Add: Long-term debt, excluding current portion (per books) 25,881
Total equity and debt 410,351
Less: Cash and cash equivalents 21,859
Less: Marketable securities 1,068
Enterprise value (EV) 387,424

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

1 Common equity (market value) = Share price × No. shares of common stock outstanding
= 158.18 × 2,408,767,228


Historical Enterprise Value (EV)

Johnson & Johnson, EV calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 29, 2019
Share price1, 2 $156.55 $158.24 $166.19 $161.87 $149.14
No. shares of common stock outstanding1 2,408,767,228 2,604,286,303 2,629,268,158 2,628,679,824 2,634,721,257
US$ in millions
Common equity (market value)3 377,093 412,102 436,958 425,504 392,942
Add: Preferred stock, without par value, unissued (book value)
Total equity 377,093 412,102 436,958 425,504 392,942
Add: Loans and notes payable (book value) 3,451 12,771 3,766 2,631 1,202
Add: Long-term debt, excluding current portion (book value) 25,881 26,888 29,985 32,635 26,494
Total equity and debt 406,425 451,761 470,709 460,770 420,638
Less: Cash and cash equivalents 21,859 14,127 14,487 13,985 17,305
Less: Marketable securities 1,068 9,392 17,121 11,200 1,982
Enterprise value (EV) 383,498 428,242 439,101 435,585 401,351

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: 2019-12-29).

1 Data adjusted for splits and stock dividends.

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

3 2023 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 156.55 × 2,408,767,228

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 EV decreased from 2021 to 2022 and from 2022 to 2023.