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salesforce.com inc. (CRM)

Enterprise Value (EV)

Intermediate level

Current Enterprise Value (EV)

salesforce.com inc., current enterprise value calculation

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Current share price (P) $161.13
No. shares of common stock outstanding 887,000,000
US$ in millions
Common equity (market value)1 142,922 
Add: Preferred stock, $0.001 par value; none issued and outstanding (per books) — 
Total equity 142,922 
Add: Current portion of debt (per books) 3 
Add: Noncurrent debt, excluding current portion (per books) 3,173 
Total equity and debt 146,098 
Less: Cash and cash equivalents 2,669 
Less: Marketable securities 1,673 
Enterprise value (EV) 141,756 

Based on: 10-K (filing date: 2019-03-08).

1 Common equity (market value) = Share price × No. shares of common stock outstanding
= 161.13 × 887,000,000

Historical Enterprise Value (EV)

salesforce.com inc., EV calculation

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Jan 31, 2019 Jan 31, 2018 Jan 31, 2017 Jan 31, 2016 Jan 31, 2015 Jan 31, 2014
Share price1, 2 $155.06 $127.41 $82.50 $70.49 $64.56 $63.68
No. shares of common stock outstanding1 771,000,000 731,500,000 707,500,000 670,900,000 650,600,000 610,100,000
US$ in millions
Common equity (market value)3 119,551  93,200  58,369  47,292  42,003  38,851 
Add: Preferred stock, $0.001 par value; none issued and outstanding (book value) —  —  —  —  —  — 
Total equity 119,551  93,200  58,369  47,292  42,003  38,851 
Add: Current portion of debt (book value) 3  1,025  —  —  —  572 
Add: Noncurrent debt, excluding current portion (book value) 3,173  695  2,008  1,294  1,371  1,302 
Total equity and debt 122,727  94,920  60,377  48,586  43,373  40,725 
Less: Cash and cash equivalents 2,669  2,543  1,607  1,158  908  782 
Less: Marketable securities 1,673  1,978  602  183  87  57 
Enterprise value (EV) 118,385  90,398  58,168  47,244  42,378  39,886 

Based on: 10-K (filing date: 2019-03-08), 10-K (filing date: 2018-03-09), 10-K (filing date: 2017-03-06), 10-K (filing date: 2016-03-07), 10-K (filing date: 2015-03-06), 10-K (filing date: 2014-03-05).

1 Data adjusted for splits and stock dividends.

2 Closing price as at the filing date of salesforce.com inc.’s Annual Report.

3 2019 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 155.06 × 771,000,000

1 Data adjusted for splits and stock dividends.
2

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. salesforce.com inc.’s EV increased from 2017 to 2018 and from 2018 to 2019.