Microsoft Excel LibreOffice Calc

Enterprise Value (EV)

Difficulty: Intermediate


Current Enterprise Value (EV)

Phillips 66, current enterprise value calculation

Microsoft Excel LibreOffice Calc
Current share price (P) $ 109.86
No. shares of common stock outstanding 464,262,410
USD $ in millions
Common equity (market value) 51,004 
Add: Noncontrolling interests (per books) 2,343 
Total equity 53,347 
Add: Short-term debt (per books) 41 
Add: Long-term debt (per books) 10,069 
Total equity and debt 63,457 
Less: Cash and cash equivalents 3,119 
Enterprise value (EV) 60,338 

Historical Enterprise Value (EV)

Phillips 66, EV calculation

Microsoft Excel LibreOffice Calc
Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014 Dec 31, 2013
No. shares of common stock outstanding1 501,237,339 517,816,429 527,459,894 543,497,802 587,624,299
Share price1, 2 (USD $) 91.83 78.66 80.09 77.34 74.95
USD $ in millions
Common equity (market value) 46,029  40,731  42,244  42,034  44,042 
Add: Noncontrolling interests (per books) 2,343  1,335  838  447  442 
Total equity 48,372  42,066  43,082  42,481  44,484 
Add: Short-term debt (per books) 41  550  44  842  24 
Add: Long-term debt (per books) 10,069  9,588  8,843  7,842  6,131 
Total equity and debt 58,482  52,204  51,969  51,165  50,639 
Less: Cash and cash equivalents 3,119  2,711  3,074  5,207  5,400 
Enterprise value (EV) 55,363  49,493  48,895  45,958  45,239 
1 Data adjusted for splits and stock dividends.
2 Close price on the filing date of Phillips 66'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. Phillips 66's EV increased from 2015 to 2016 and from 2016 to 2017.