Enterprise Value (EV)
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Oracle Corp. pages available for free this week:
- Cash Flow Statement
- Analysis of Short-term (Operating) Activity Ratios
- Analysis of Long-term (Investment) Activity Ratios
- Enterprise Value to FCFF (EV/FCFF)
- Price to FCFE (P/FCFE)
- Return on Equity (ROE) since 2005
- Return on Assets (ROA) since 2005
- Current Ratio since 2005
- Total Asset Turnover since 2005
- Price to Operating Profit (P/OP) since 2005
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Current Enterprise Value (EV)
Oracle Corp., current enterprise value calculation
| Current share price (P) | |
| No. shares of common stock outstanding | |
| US$ in millions | |
| Common equity (market value)1 | |
| Add: Preferred stock, $0.01 par value; outstanding: none (per books) | |
| Add: Noncontrolling interests (per books) | |
| Total equity | |
| Add: Notes payable and other borrowings, current (per books) | |
| Add: Finance lease liabilities, current (per books) | |
| Add: Notes payable and other borrowings, non-current (per books) | |
| Add: Finance lease liabilities, non-current (per books) | |
| Total equity and debt | |
| Less: Cash and cash equivalents | |
| Less: Marketable securities | |
| Enterprise value (EV) | |
Based on: 10-K (reporting date: 2025-05-31).
1 Common equity (market value) = Share price × No. shares of common stock outstanding
= ×
Historical Enterprise Value (EV)
Oracle Corp., EV calculation
Based on: 10-K (reporting date: 2025-05-31), 10-K (reporting date: 2024-05-31), 10-K (reporting date: 2023-05-31), 10-K (reporting date: 2022-05-31), 10-K (reporting date: 2021-05-31), 10-K (reporting date: 2020-05-31).
1 Data adjusted for splits and stock dividends.
2 Closing price as at the filing date of Oracle Corp. Annual Report.
3 2025 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= ×
The financial data over the period from May 31, 2020, to May 31, 2025, reveals notable trends in the company's equity, market valuation, and overall capital structure.
- Common equity (market value)
- This metric shows a generally increasing trend with fluctuations. From 169,146 million USD in 2020, it increased sharply to 217,748 million USD in 2021. A decline followed in 2022 to 180,362 million USD, but then a significant upward shift occurs in 2023 reaching 331,248 million USD, continuing the rise through 2024 and 2025 to 393,840 million and 592,299 million USD respectively. This reflects considerable growth in market valuation especially in the later years.
- Total equity
- Total equity closely mirrors the pattern observed in common equity (market value). Starting at 169,789 million USD in 2020, it peaks slightly higher in 2021 at 218,462 million USD, dips in 2022 to 180,814 million USD, and then shows a marked increase through 2023 to 331,731 million USD, followed by continued growth up to 592,817 million USD in 2025. The parallel movement suggests alignment between book equity and market valuations over the period analyzed.
- Total equity and debt
- Total capital, including both equity and debt, exhibits steady growth throughout the timeline. Beginning at 241,386 million USD in 2020, it rises consistently to 302,707 million USD in 2021, dips slightly in 2022 to 256,673 million USD, before escalating significantly in 2023 to 422,212 million USD and continuing upwards to 688,319 million USD by 2025. This increase indicates a growing capital base, with likely increased debt financing alongside equity.
- Enterprise value (EV)
- The enterprise value tracks closely with total equity and debt but remains consistently lower, reflecting the market’s valuation considering debt obligations. EV increases from 198,329 million USD in 2020 to 256,153 million USD in 2021, dips in 2022 to 234,771 million USD, then experiences strong growth from 2023 onward, reaching 677,116 million USD by 2025. This upward trajectory in EV corresponds with the expansion in total capitalization and market valuation, signaling positive investor sentiment and growing enterprise size.
Overall, the company demonstrates resilience and growth potential despite a notable dip in 2022 across all reported financial items. The recovery and substantial expansion from 2023 onwards highlight improved market perception and a strengthening financial position, driven by both increased equity market value and greater capital deployment through equity and debt.