Enterprise Value (EV)
Current Enterprise Value (EV)
Walt Disney Co., current enterprise value calculation
| Current share price (P) | $111.87 |
| No. shares of common stock outstanding | 1,785,288,846 |
| US$ in millions | |
| Common equity (market value)1 | 199,720) |
| Add: Preferred stock (per books) | —) |
| Add: Noncontrolling interests (per books) | 4,743) |
| Total equity | 204,463) |
| Add: Short-term finance lease liabilities (per books) | 21) |
| Add: Current portion of borrowings (per books) | 6,711) |
| Add: Borrowings, excluding current portion (per books) | 35,315) |
| Add: Long-term finance lease liabilities (per books) | 141) |
| Total equity and debt | 246,651) |
| Less: Cash and cash equivalents | 5,695) |
| Enterprise value (EV) | 240,956) |
Based on: 10-K (reporting date: 2025-09-27).
1 Common equity (market value) = Share price × No. shares of common stock outstanding
= 111.87 × 1,785,288,846
Historical Enterprise Value (EV)
Walt Disney Co., EV calculation
Based on: 10-K (reporting date: 2025-09-27), 10-K (reporting date: 2024-09-28), 10-K (reporting date: 2023-09-30), 10-K (reporting date: 2022-10-01), 10-K (reporting date: 2021-10-02), 10-K (reporting date: 2020-10-03).
1 Data adjusted for splits and stock dividends.
2 Closing price as at the filing date of Walt Disney Co. Annual Report.
3 2025 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 107.61 × 1,785,288,846
The financial data reveals several notable trends in equity and enterprise value over the time periods analyzed. There is an observable decline in both common equity (market value) and total equity starting from the year ending October 1, 2022, continuing through to September 27, 2025, although slight recoveries appear toward the later dates.
- Common Equity (Market Value)
- The common equity market value remained relatively stable between October 2020 and October 2021, increasing marginally. However, a significant decrease occurred by October 2022, where the value dropped sharply. Although there is a slight recovery by September 28, 2024, the value again decreases slightly by September 27, 2025. Overall, the trend from 2022 onwards shows volatility with a downward bias.
- Total Equity
- Total equity follows a pattern similar to common equity market value, with stable values around 274-279 billion US dollars in the initial two years, followed by a marked drop in 2022. A moderate recovery trend is observed thereafter, although the total equity value does not return to the earlier levels observed in 2020 and 2021.
- Total Equity and Debt
- The combined total of equity and debt shows a broadly flat trend in 2020 and 2021, with values around 333 billion US dollars. Starting from October 2022, there is a sharp decrease observed, followed by a partial rebound. Despite this rebound, the aggregate remains lower compared to the pre-2022 levels by 2025, indicating a reduction in overall capitalization or liabilities.
- Enterprise Value (EV)
- The enterprise value presents a pattern consistent with total equity and debt. This value stays relatively stable in 2020 and 2021 before decreasing substantially in 2022. Subsequent years show some recovery, but EV remains below the earlier peak levels by the final reporting period. This suggests that market capitalization and debt levels have been adjusted downwards, possibly reflecting changing market conditions or internal financial restructurings.
In summary, the data indicates a period of financial contraction beginning around 2022, with decreased values in equity, debt, and enterprise valuation. While some recovery is apparent in subsequent periods, the figures have not reverted to the higher levels observed prior to 2022, which could point to ongoing challenges or strategic shifts impacting the financial structure.