Emerson Electric Co., current enterprise value calculation

Current share price (P)	$53.82
No. shares of common stock outstanding	597,475,300
US$ in millions
Common equity (market value)¹	32,156)
Add: Noncontrolling interests in subsidiaries (per books)	40)
Total equity	32,196)
Add: Short-term borrowings and current maturities of long-term debt (per books)	1,444)
Add: Long-term debt, excluding current maturities (per books)	4,277)
Total equity and debt	37,917)
Less: Cash and equivalents	1,494)
Enterprise value (EV)	36,423)

¹ Common equity (market value) = Share price × No. shares of common stock outstanding
= 53.82 × 597,475,300

Emerson Electric Co., EV calculation

	Sep 30, 2019	Sep 30, 2018	Sep 30, 2017	Sep 30, 2016	Sep 30, 2015	Sep 30, 2014
Share price^1, 2	$73.07	$68.46	$60.26	$54.97	$50.01	$64.15
No. shares of common stock outstanding¹	609,153,835	626,158,598	641,819,838	642,776,971	654,557,141	693,634,810
US$ in millions
Common equity (market value)³	44,511)	42,867)	38,676)	35,333)	32,734)	44,497)
Add: Noncontrolling interests in subsidiaries (book value)	40)	43)	52)	50)	47)	48)
Total equity	44,551)	42,910)	38,728)	35,383)	32,781)	44,545)
Add: Short-term borrowings and current maturities of long-term debt (book value)	1,444)	1,623)	862)	2,584)	2,553)	2,465)
Add: Long-term debt, excluding current maturities (book value)	4,277)	3,137)	3,794)	4,062)	4,289)	3,559)
Total equity and debt	50,272)	47,670)	43,384)	42,029)	39,623)	50,569)
Less: Cash and equivalents	1,494)	1,093)	3,062)	3,182)	3,054)	3,149)
Enterprise value (EV)	48,778)	46,577)	40,322)	38,847)	36,569)	47,420)

¹ Data adjusted for splits and stock dividends.

² Closing price as at the filing date of Emerson Electric Co. Annual Report.

³ 2019 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 73.07 × 609,153,835

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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.	Emerson Electric Co. EV increased from 2017 to 2018 and from 2018 to 2019.

Emerson Electric Co. (NYSE:EMR)

Enterprise Value (EV)