Walt Disney Co., current enterprise value calculation

Current share price (P)	$111.99
No. shares of common stock outstanding	1,834,302,235
US$ in millions
Common equity (market value)¹	205,424)
Add: Preferred stock (per books)	—)
Add: Noncontrolling interests (per books)	4,680)
Total equity	210,104)
Add: Short-term finance lease liabilities (per books)	37)
Add: Current portion of borrowings (per books)	4,330)
Add: Borrowings, excluding current portion (per books)	42,101)
Add: Long-term finance lease liabilities (per books)	206)
Total equity and debt	256,778)
Less: Cash and cash equivalents	14,182)
Enterprise value (EV)	242,596)

¹ Common equity (market value) = Share price × No. shares of common stock outstanding
= 111.99 × 1,834,302,235

Walt Disney Co., EV calculation

	Sep 30, 2023	Oct 1, 2022	Oct 2, 2021	Oct 3, 2020	Sep 28, 2019	Sep 29, 2018
Share price^1, 2	$94.45	$94.69	$151.34	$149.09	$146.93	$113.03
No. shares of common stock outstanding¹	1,830,315,921	1,823,591,988	1,817,655,948	1,810,485,037	1,802,398,289	1,488,670,964
US$ in millions
Common equity (market value)³	172,873)	172,676)	275,084)	269,925)	264,826)	168,264)
Add: Preferred stock (book value)	—)	—)	—)	—)	—)	—)
Add: Noncontrolling interests (book value)	4,680)	3,871)	4,458)	4,680)	5,012)	4,059)
Total equity	177,553)	176,547)	279,542)	274,605)	269,838)	172,323)
Add: Short-term finance lease liabilities (book value)	37)	37)	41)	37)	5)	12)
Add: Current portion of borrowings (book value)	4,330)	3,070)	5,866)	5,711)	8,857)	3,790)
Add: Borrowings, excluding current portion (book value)	42,101)	45,299)	48,540)	52,917)	38,129)	17,084)
Add: Long-term finance lease liabilities (book value)	206)	219)	246)	271)	146)	142)
Total equity and debt	224,227)	225,172)	334,235)	333,541)	316,975)	193,351)
Less: Cash and cash equivalents	14,182)	11,615)	15,959)	17,914)	5,418)	4,150)
Enterprise value (EV)	210,045)	213,557)	318,276)	315,627)	311,557)	189,201)

¹ Data adjusted for splits and stock dividends.

² Closing price as at the filing date of Walt Disney Co. Annual Report.

³ 2023 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 94.45 × 1,830,315,921

Download chart

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.	Walt Disney Co. EV decreased from 2021 to 2022 and from 2022 to 2023.

Walt Disney Co. (NYSE:DIS)

Enterprise Value (EV)