Stock Analysis on Net
Stock Analysis on Net
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Oracle Corp. (NYSE:ORCL)

Enterprise Value (EV)

Intermediate level

Current Enterprise Value (EV)

Oracle Corp., current enterprise value calculation

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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

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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.