Enterprise Value (EV)
Current Enterprise Value (EV)
Target Corp., current enterprise value calculation
| Current share price (P) | $89.96 |
| No. shares of common stock outstanding | 454,399,148 |
| US$ in millions | |
| Common equity (market value)1 | 40,878) |
| Total equity | 40,878) |
| Add: Current portion of long-term debt and other borrowings (per books) | 1,636) |
| Add: Long-term debt and other borrowings, excluding current portion (per books) | 14,304) |
| Total equity and debt | 56,818) |
| Less: Cash and cash equivalents | 4,762) |
| Enterprise value (EV) | 52,056) |
Based on: 10-K (reporting date: 2025-02-01).
1 Common equity (market value) = Share price × No. shares of common stock outstanding
= 89.96 × 454,399,148
Historical Enterprise Value (EV)
Target Corp., EV calculation
Based on: 10-K (reporting date: 2025-02-01), 10-K (reporting date: 2024-02-03), 10-K (reporting date: 2023-01-28), 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01).
1 Data adjusted for splits and stock dividends.
2 Closing price as at the filing date of Target Corp. Annual Report.
3 2025 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 107.28 × 455,576,464
- Common equity and total equity trends
- Both common equity (market value) and total equity exhibit similar patterns, starting at approximately $52.9 billion in early 2020 and increasing substantially to reach nearly $100 billion by early 2022. Following this peak, a notable decline occurs, dropping to about $75 billion in early 2023. Slight fluctuations are observed thereafter, with a minor recovery to approximately $77 billion in early 2024, before falling sharply to around $48.9 billion by early 2025.
- Total equity and debt
- Total equity and debt rise from about $64.4 billion in early 2020 to a peak of roughly $113.6 billion by early 2022, reflecting an overall growth phase. However, from 2022 onward, the combined figure diminishes steadily, reaching approximately $64.8 billion by early 2025, which reflects a substantial contraction.
- Enterprise value (EV)
- Enterprise value follows a somewhat parallel trajectory to total equity and debt. Initially, it increases from about $61.8 billion in early 2020 to approximately $107.7 billion in early 2022. After the 2022 peak, the EV declines, reaching about $89.2 billion in early 2023 and 2024, before sharply falling to about $60.1 billion by early 2025.
- General observations
- The company experienced significant growth in equity and overall valuation through early 2022. Thereafter, there is a marked and continuous decline across all key financial metrics, with values in early 2025 roughly returning to levels observed in early 2020. This suggests a period of expansion followed by a contraction phase in market valuation, equity base, and enterprise value over the five-year span.