Microsoft Excel LibreOffice Calc

Enterprise Value (EV)

Difficulty: Intermediate


Current Enterprise Value (EV)

Johnson & Johnson, current enterprise value calculation

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Current share price (P) $ 125.85
No. shares of common stock outstanding 2,682,149,964
USD $ in millions
Common equity (market value) 337,549 
Add: Preferred stock, without par value, unissued (per books)
Total equity 337,549 
Add: Loans and notes payable (per books) 3,906 
Add: Long-term debt, excluding current portion (per books) 30,675 
Total equity and debt 372,130 
Less: Cash and cash equivalents 17,824 
Less: Marketable securities 472 
Enterprise value (EV) 353,834 

Historical Enterprise Value (EV)

Johnson & Johnson, EV calculation

Microsoft Excel LibreOffice Calc
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.