Stock Analysis on Net

Apple Inc. (NASDAQ:AAPL)

$24.99

Enterprise Value (EV)

Microsoft Excel

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Current Enterprise Value (EV)

Apple Inc., current enterprise value calculation

Microsoft Excel
Current share price (P)
No. shares of common stock outstanding
US$ in millions
Common equity (market value)1
Total equity
Add: Current portion of finance leases (per books)
Add: Commercial paper (per books)
Add: Current portion of term debt (per books)
Add: Non-current portion of term debt (per books)
Add: Non-current portion of finance leases (per books)
Total equity and debt
Less: Cash and cash equivalents
Less: Current marketable securities
Enterprise value (EV)

Based on: 10-K (reporting date: 2023-09-30).

1 Common equity (market value) = Share price × No. shares of common stock outstanding
= ×


Historical Enterprise Value (EV)

Apple Inc., EV calculation

Microsoft Excel
Sep 30, 2023 Sep 24, 2022 Sep 25, 2021 Sep 26, 2020 Sep 28, 2019 Sep 29, 2018
Share price1, 2
No. shares of common stock outstanding1
US$ in millions
Common equity (market value)3
Total equity
Add: Current portion of finance leases (book value)
Add: Commercial paper (book value)
Add: Current portion of term debt (book value)
Add: Non-current portion of term debt (book value)
Add: Non-current portion of finance leases (book value)
Total equity and debt
Less: Cash and cash equivalents
Less: Current marketable securities
Enterprise value (EV)

Based on: 10-K (reporting date: 2023-09-30), 10-K (reporting date: 2022-09-24), 10-K (reporting date: 2021-09-25), 10-K (reporting date: 2020-09-26), 10-K (reporting date: 2019-09-28), 10-K (reporting date: 2018-09-29).

1 Data adjusted for splits and stock dividends.

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

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

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