Broadcom Inc., current enterprise value calculation

Current share price (P)	$165.35
No. shares of common stock outstanding	4,670,576,083
US$ in millions
Common equity (market value)¹	772,280)
Add: Preferred stock, $0.001 par value; 8.00% Mandatory Convertible Preferred Stock, Series A (per books)	—)
Total equity	772,280)
Add: Current portion of long-term debt (per books)	1,608)
Add: Long-term debt, excluding current portion (per books)	37,621)
Total equity and debt	811,509)
Less: Cash and cash equivalents	14,189)
Enterprise value (EV)	797,320)

¹ Common equity (market value) = Share price × No. shares of common stock outstanding
= 165.35 × 4,670,576,083

Broadcom Inc., EV calculation

	Oct 29, 2023	Oct 30, 2022	Oct 31, 2021	Nov 1, 2020	Nov 3, 2019	Nov 4, 2018
Share price^1, 2	$110.65	$55.59	$63.50	$43.46	$31.90	$24.49
No. shares of common stock outstanding¹	4,681,405,690	4,178,861,400	4,128,739,680	4,067,131,180	3,977,922,890	4,072,709,010
US$ in millions
Common equity (market value)³	517,998)	232,303)	262,175)	176,758)	126,896)	99,741)
Add: Preferred stock, $0.001 par value; 8.00% Mandatory Convertible Preferred Stock, Series A (book value)	—)	—)	—)	—)	—)	—)
Total equity	517,998)	232,303)	262,175)	176,758)	126,896)	99,741)
Add: Current portion of long-term debt (book value)	1,608)	440)	290)	827)	2,787)	—)
Add: Long-term debt, excluding current portion (book value)	37,621)	39,075)	39,440)	40,235)	30,011)	17,493)
Total equity and debt	557,227)	271,818)	301,905)	217,820)	159,694)	117,234)
Less: Cash and cash equivalents	14,189)	12,416)	12,163)	7,618)	5,055)	4,292)
Enterprise value (EV)	543,038)	259,402)	289,742)	210,202)	154,639)	112,942)

¹ Data adjusted for splits and stock dividends.

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

³ 2023 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 110.65 × 4,681,405,690

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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.	Broadcom Inc. EV decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.

Broadcom Inc. (NASDAQ:AVGO)

Enterprise Value (EV)