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

Oracle Corp. (NYSE:ORCL)

Enterprise Value (EV)

Intermediate level

Current Enterprise Value (EV)

Oracle Corp., current enterprise value calculation

Microsoft Excel LibreOffice Calc
Current share price (P) $87.69
No. shares of common stock outstanding 2,792,000,000
US$ in millions
Common equity (market value)1 244,830 
Add: Preferred stock, $0.01 par value; outstanding: none (per books) — 
Add: Noncontrolling interests (per books) 714 
Total equity 245,544 
Add: Notes payable, current (per books) 8,250 
Add: Notes payable and other borrowings, non-current (per books) 75,995 
Total equity and debt 329,789 
Less: Cash and cash equivalents 30,098 
Less: Marketable securities 16,456 
Enterprise value (EV) 283,235 

Based on: 10-K (filing date: 2021-06-21).

1 Common equity (market value) = Share price × No. shares of common stock outstanding
= 87.69 × 2,792,000,000


Historical Enterprise Value (EV)

Oracle Corp., EV calculation

Microsoft Excel LibreOffice Calc
May 31, 2021 May 31, 2020 May 31, 2019 May 31, 2018 May 31, 2017 May 31, 2016
Share price1, 2 $77.99 $55.12 $56.12 $44.10 $50.75 $40.01
No. shares of common stock outstanding1 2,792,000,000 3,068,682,000 3,335,819,000 3,981,155,000 4,136,682,000 4,122,730,000
US$ in millions
Common equity (market value)3 217,748  169,146  187,206  175,569  209,937  164,950 
Add: Preferred stock, $0.01 par value; outstanding: none (book value) —  —  —  —  —  — 
Add: Noncontrolling interests (book value) 714  643  578  498  386  501 
Total equity 218,462  169,789  187,784  176,067  210,323  165,451 
Add: Notes payable, current (book value) 8,250  2,371  4,494  4,491  9,797  3,750 
Add: Notes payable and other borrowings, non-current (book value) 75,995  69,226  51,673  56,128  48,112  40,105 
Total equity and debt 302,707  241,386  243,951  236,686  268,232  209,306 
Less: Cash and cash equivalents 30,098  37,239  20,514  21,620  21,784  20,152 
Less: Marketable securities 16,456  5,818  17,313  45,641  44,294  35,973 
Enterprise value (EV) 256,153  198,329  206,124  169,425  202,154  153,181 

Based on: 10-K (filing date: 2021-06-21), 10-K (filing date: 2020-06-22), 10-K (filing date: 2019-06-21), 10-K (filing date: 2018-06-22), 10-K (filing date: 2017-06-27), 10-K (filing date: 2016-06-22).

1 Data adjusted for splits and stock dividends.

2 Closing price as at the filing date of Oracle Corp.’s Annual Report.

3 2021 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 77.99 × 2,792,000,000

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. Oracle Corp.’s EV decreased from 2019 to 2020 but then increased from 2020 to 2021 exceeding 2019 level.