Amgen Inc., current enterprise value calculation

Current share price (P)	$279.95
No. shares of common stock outstanding	537,532,723
US$ in millions
Common equity (market value)¹	150,482)
Total equity	150,482)
Add: Current portion of long-term debt (per books)	1,443)
Add: Long-term debt, excluding current portion (per books)	63,170)
Total equity and debt	215,095)
Less: Cash and cash equivalents	10,944)
Less: Marketable securities	—)
Enterprise value (EV)	204,151)

¹ Common equity (market value) = Share price × No. shares of common stock outstanding
= 279.95 × 537,532,723

Amgen Inc., EV calculation

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Share price^1, 2	$290.07	$240.00	$222.66	$236.65	$227.00
No. shares of common stock outstanding¹	535,918,901	533,976,238	557,029,370	577,566,383	589,806,819
US$ in millions
Common equity (market value)³	155,454)	128,154)	124,028)	136,681)	133,886)
Total equity	155,454)	128,154)	124,028)	136,681)	133,886)
Add: Current portion of long-term debt (book value)	1,443)	1,591)	87)	91)	2,953)
Add: Long-term debt, excluding current portion (book value)	63,170)	37,354)	33,222)	32,895)	26,950)
Total equity and debt	220,067)	167,099)	157,337)	169,667)	163,789)
Less: Cash and cash equivalents	10,944)	7,629)	7,989)	6,266)	6,037)
Less: Marketable securities	—)	1,676)	48)	4,381)	2,874)
Enterprise value (EV)	209,123)	157,794)	149,300)	159,020)	154,878)

¹ Data adjusted for splits and stock dividends.

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

³ 2023 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 290.07 × 535,918,901

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.	Amgen Inc. EV increased from 2021 to 2022 and from 2022 to 2023.

Amgen Inc. (NASDAQ:AMGN)

Enterprise Value (EV)