Broadcom Inc., current enterprise value calculation

Current share price (P)	$226.74
No. shares of common stock outstanding	4,687,356,156
US$ in millions
Common equity (market value)¹	1,062,811)
Add: Preferred stock, $0.001 par value; none issued and outstanding (per books)	—)
Total equity	1,062,811)
Add: Current portion of long-term debt (per books)	1,271)
Add: Long-term debt, excluding current portion (per books)	66,295)
Total equity and debt	1,130,377)
Less: Cash and cash equivalents	9,348)
Enterprise value (EV)	1,121,029)

¹ Common equity (market value) = Share price × No. shares of common stock outstanding
= 226.74 × 4,687,356,156

Broadcom Inc., EV calculation

	Nov 3, 2024	Oct 29, 2023	Oct 30, 2022	Oct 31, 2021	Nov 1, 2020	Nov 3, 2019
Share price^1, 2	$220.79	$110.65	$55.59	$63.50	$43.46	$31.90
No. shares of common stock outstanding¹	4,687,356,156	4,681,405,690	4,178,861,400	4,128,739,680	4,067,131,180	3,977,922,890
US$ in millions
Common equity (market value)³	1,034,921)	517,998)	232,303)	262,175)	176,758)	126,896)
Add: Preferred stock, $0.001 par value; none issued and outstanding (book value)	—)	—)	—)	—)	—)	—)
Total equity	1,034,921)	517,998)	232,303)	262,175)	176,758)	126,896)
Add: Current portion of long-term debt (book value)	1,271)	1,608)	440)	290)	827)	2,787)
Add: Long-term debt, excluding current portion (book value)	66,295)	37,621)	39,075)	39,440)	40,235)	30,011)
Total equity and debt	1,102,487)	557,227)	271,818)	301,905)	217,820)	159,694)
Less: Cash and cash equivalents	9,348)	14,189)	12,416)	12,163)	7,618)	5,055)
Enterprise value (EV)	1,093,139)	543,038)	259,402)	289,742)	210,202)	154,639)

¹ Data adjusted for splits and stock dividends.

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

³ 2024 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 220.79 × 4,687,356,156

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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 increased from 2022 to 2023 and from 2023 to 2024.

Broadcom Inc. (NASDAQ:AVGO)

Enterprise Value (EV)