Applied Materials Inc., current enterprise value calculation

Current share price (P)	$192.05
No. shares of common stock outstanding	813,684,638
US$ in millions
Common equity (market value)¹	156,268)
Add: Preferred stock: $.01 par value per share; no shares issued (per books)	—)
Total equity	156,268)
Add: Short-term debt (per books)	100)
Add: Current portion of long-term debt (per books)	699)
Add: Finance lease liabilities, current (per books)	—)
Add: Long-term debt, net of current portion (per books)	5,460)
Total equity and debt	162,527)
Less: Cash and cash equivalents	8,022)
Less: Short-term investments	1,449)
Enterprise value (EV)	153,056)

¹ Common equity (market value) = Share price × No. shares of common stock outstanding
= 192.05 × 813,684,638

Applied Materials Inc., EV calculation

	Oct 27, 2024	Oct 29, 2023	Oct 30, 2022	Oct 31, 2021	Oct 25, 2020	Oct 27, 2019
Share price^1, 2	$169.35	$161.95	$104.73	$146.15	$88.30	$59.87
No. shares of common stock outstanding¹	813,684,638	831,067,105	844,139,722	888,513,248	914,344,189	915,304,098
US$ in millions
Common equity (market value)³	137,797)	134,591)	88,407)	129,856)	80,737)	54,799)
Add: Preferred stock: $.01 par value per share; no shares issued (book value)	—)	—)	—)	—)	—)	—)
Total equity	137,797)	134,591)	88,407)	129,856)	80,737)	54,799)
Add: Short-term debt (book value)	100)	100)	—)	—)	—)	—)
Add: Current portion of long-term debt (book value)	699)	—)	—)	—)	—)	600)
Add: Finance lease liabilities, current (book value)	—)	102)	—)	—)	—)	—)
Add: Long-term debt, net of current portion (book value)	5,460)	5,461)	5,457)	5,452)	5,448)	4,713)
Total equity and debt	144,056)	140,254)	93,864)	135,308)	86,185)	60,112)
Less: Cash and cash equivalents	8,022)	6,132)	1,995)	4,995)	5,351)	3,129)
Less: Short-term investments	1,449)	737)	586)	464)	387)	489)
Enterprise value (EV)	134,585)	133,385)	91,283)	129,849)	80,447)	56,494)

¹ Data adjusted for splits and stock dividends.

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

³ 2024 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 169.35 × 813,684,638

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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.	Applied Materials Inc. EV increased from 2022 to 2023 and from 2023 to 2024.

Applied Materials Inc. (NASDAQ:AMAT)

Enterprise Value (EV)