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salesforce.com inc. (CRM)

Enterprise Value (EV)

Difficulty: Intermediate

Current Enterprise Value (EV)

salesforce.com inc., current enterprise value calculation

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Current share price (P) $ 157.64
No. shares of common stock outstanding 771,000,000
USD $ in millions
Common equity (market value) 121,540 
Add: Preferred stock, $0.001 par value; none issued and outstanding (per books) – 
Total equity 121,540 
Add: Current portion of debt (per books) 3 
Add: Noncurrent debt, excluding current portion (per books) 3,173 
Total equity and debt 124,716 
Less: Cash and cash equivalents 2,669 
Less: Marketable securities 1,673 
Enterprise value (EV) 120,374 

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

Historical Enterprise Value (EV)

salesforce.com inc., EV calculation

Microsoft Excel LibreOffice Calc
Jan 31, 2019 Jan 31, 2018 Jan 31, 2017 Jan 31, 2016 Jan 31, 2015 Jan 31, 2014
No. shares of common stock outstanding1 771,000,000 731,500,000 707,500,000 670,900,000 650,600,000 610,100,000
Share price1, 2 (USD $) 155.06 127.41 82.50 70.49 64.56 63.68
USD $ in millions
Common equity (market value) 119,551  93,200  58,369  47,292  42,003  38,851 
Add: Preferred stock, $0.001 par value; none issued and outstanding (per books) –  –  –  –  –  – 
Total equity 119,551  93,200  58,369  47,292  42,003  38,851 
Add: Current portion of debt (per books) 3  1,025  –  –  –  572 
Add: Noncurrent debt, excluding current portion (per books) 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 Close price on the filing date of salesforce.com inc.’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. salesforce.com inc.’s EV increased from 2017 to 2018 and from 2018 to 2019.