Booking Holdings Inc., current enterprise value calculation

Current share price (P)	$5,018.23
No. shares of common stock outstanding	32,815,201
US$ in millions
Common equity (market value)¹	164,674)
Total equity	164,674)
Add: Current finance lease liabilities (per books)	26)
Add: Short-term debt (per books)	1,745)
Add: Non-current finance lease liabilities (per books)	7)
Add: Long-term debt (per books)	14,853)
Total equity and debt	181,305)
Less: Cash and cash equivalents	16,164)
Less: Short-term investments	—)
Enterprise value (EV)	165,141)

¹ Common equity (market value) = Share price × No. shares of common stock outstanding
= 5,018.23 × 32,815,201

Booking Holdings Inc., EV calculation

	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Share price^1, 2	$5,018.23	$3,901.99	$2,426.49	$2,469.83	$2,443.50
No. shares of common stock outstanding¹	32,815,201	34,171,027	37,648,373	40,887,702	40,961,796
US$ in millions
Common equity (market value)³	164,674)	133,335)	91,353)	100,986)	100,090)
Total equity	164,674)	133,335)	91,353)	100,986)	100,090)
Add: Current finance lease liabilities (book value)	26)	34)	21)	4)	—)
Add: Short-term debt (book value)	1,745)	1,961)	500)	1,989)	985)
Add: Non-current finance lease liabilities (book value)	7)	34)	32)	6)	—)
Add: Long-term debt (book value)	14,853)	12,223)	11,985)	8,937)	11,029)
Total equity and debt	181,305)	147,587)	103,891)	111,922)	112,104)
Less: Cash and cash equivalents	16,164)	12,107)	12,221)	11,127)	10,562)
Less: Short-term investments	—)	576)	175)	25)	501)
Enterprise value (EV)	165,141)	134,904)	91,495)	100,770)	101,041)

¹ Data adjusted for splits and stock dividends.

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

³ 2024 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 5,018.23 × 32,815,201

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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.	Booking Holdings Inc. EV increased from 2022 to 2023 and from 2023 to 2024.

Booking Holdings Inc. (NASDAQ:BKNG)

Enterprise Value (EV)