Amazon.com Inc., current enterprise value calculation

Current share price (P)	$224.92
No. shares of common stock outstanding	10,515,011,008
US$ in millions
Common equity (market value)¹	2,365,036)
Add: Preferred stock, $0.01 par value; no shares issued or outstanding (per books)	—)
Total equity	2,365,036)
Add: Current portion of lease liabilities, finance leases (per books)	2,032)
Add: Current portion of long-term debt (per books)	8,494)
Add: Long-term lease liabilities, finance leases, excluding current portion (per books)	10,077)
Add: Long-term debt, excluding current portion (per books)	58,314)
Total equity and debt	2,443,953)
Less: Cash and cash equivalents	73,387)
Less: Marketable securities	13,393)
Enterprise value (EV)	2,357,173)

¹ Common equity (market value) = Share price × No. shares of common stock outstanding
= 224.92 × 10,515,011,008

Amazon.com Inc., EV calculation

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Share price^1, 2	$171.81	$103.39	$157.64	$165.63	$100.44
No. shares of common stock outstanding¹	10,387,381,291	10,247,259,757	10,176,888,200	10,071,294,860	9,956,208,880
US$ in millions
Common equity (market value)³	1,784,656)	1,059,464)	1,604,285)	1,668,109)	1,000,002)
Add: Preferred stock, $0.01 par value; no shares issued or outstanding (book value)	—)	—)	—)	—)	—)
Total equity	1,784,656)	1,059,464)	1,604,285)	1,668,109)	1,000,002)
Add: Current portion of lease liabilities, finance leases (book value)	2,032)	4,397)	8,083)	10,374)	9,884)
Add: Current portion of long-term debt (book value)	8,494)	2,999)	1,491)	1,155)	1,305)
Add: Long-term lease liabilities, finance leases, excluding current portion (book value)	10,077)	11,386)	15,670)	18,060)	17,095)
Add: Long-term debt, excluding current portion (book value)	58,314)	67,150)	48,744)	31,816)	23,414)
Total equity and debt	1,863,573)	1,145,396)	1,678,273)	1,729,514)	1,051,700)
Less: Cash and cash equivalents	73,387)	53,888)	36,220)	42,122)	36,092)
Less: Marketable securities	13,393)	16,138)	59,829)	42,274)	18,929)
Enterprise value (EV)	1,776,793)	1,075,370)	1,582,224)	1,645,118)	996,679)

¹ Data adjusted for splits and stock dividends.

² Closing price as at the filing date of Amazon.com Inc. Annual Report.

³ 2023 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 171.81 × 10,387,381,291

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.	Amazon.com Inc. EV decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.

Amazon.com Inc. (NASDAQ:AMZN)

Enterprise Value (EV)