Analog Devices Inc., current enterprise value calculation

Current share price (P)	$211.78
No. shares of common stock outstanding	496,296,854
US$ in thousands
Common equity (market value)¹	105,105,748)
Add: Preferred stock, $1.00 par value, none outstanding (per books)	—)
Total equity	105,105,748)
Add: Debt, current (per books)	399,636)
Add: Commercial paper notes (per books)	547,738)
Add: Long-term debt, excluding current (per books)	6,634,313)
Total equity and debt	112,687,435)
Less: Cash and cash equivalents	1,991,342)
Less: Short-term investments	371,822)
Enterprise value (EV)	110,324,271)

¹ Common equity (market value) = Share price × No. shares of common stock outstanding
= 211.78 × 496,296,854

Analog Devices Inc., EV calculation

	Nov 2, 2024	Oct 28, 2023	Oct 29, 2022	Oct 30, 2021	Oct 31, 2020	Nov 2, 2019
Share price^1, 2	$219.05	$181.25	$168.43	$180.79	$136.89	$114.89
No. shares of common stock outstanding¹	496,296,854	496,261,678	509,295,941	525,330,672	369,484,899	368,302,369
US$ in thousands
Common equity (market value)³	108,713,826)	89,947,429)	85,780,715)	94,974,532)	50,578,788)	42,314,259)
Add: Preferred stock, $1.00 par value, none outstanding (book value)	—)	—)	—)	—)	—)	—)
Total equity	108,713,826)	89,947,429)	85,780,715)	94,974,532)	50,578,788)	42,314,259)
Add: Debt, current (book value)	399,636)	499,052)	—)	516,663)	—)	299,667)
Add: Commercial paper notes (book value)	547,738)	547,224)	—)	—)	—)	—)
Add: Long-term debt, excluding current (book value)	6,634,313)	5,902,457)	6,548,625)	6,253,212)	5,145,102)	5,192,252)
Total equity and debt	116,295,513)	96,896,162)	92,329,340)	101,744,407)	55,723,890)	47,806,178)
Less: Cash and cash equivalents	1,991,342)	958,061)	1,470,572)	1,977,964)	1,055,860)	648,322)
Less: Short-term investments	371,822)	—)	—)	—)	—)	—)
Enterprise value (EV)	113,932,349)	95,938,101)	90,858,768)	99,766,443)	54,668,030)	47,157,856)

¹ Data adjusted for splits and stock dividends.

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

³ 2024 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 219.05 × 496,296,854

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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.	Analog Devices Inc. EV increased from 2022 to 2023 and from 2023 to 2024.

Analog Devices Inc. (NASDAQ:ADI)

Enterprise Value (EV)