Comcast Corp., current enterprise value calculation

Current share price (P)	$36.90
No. shares of common stock outstanding	3,781,022,601
US$ in millions
Common equity (market value)¹	139,520)
Add: Preferred stock; issued, zero (per books)	—)
Add: Noncontrolling interests (per books)	478)
Total equity	139,998)
Add: Current portion of debt (per books)	4,907)
Add: Noncurrent portion of debt (per books)	94,186)
Total equity and debt	239,091)
Less: Cash and cash equivalents	7,322)
Enterprise value (EV)	231,769)

¹ Common equity (market value) = Share price × No. shares of common stock outstanding
= 36.90 × 3,781,022,601

Comcast Corp., EV calculation

	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Share price^1, 2	$33.66	$46.54	$39.97	$49.99	$51.45
No. shares of common stock outstanding¹	3,781,022,601	3,971,857,339	4,216,056,328	4,533,230,325	4,580,656,172
US$ in millions
Common equity (market value)³	127,269)	184,850)	168,516)	226,616)	235,675)
Add: Preferred stock; issued, zero (book value)	—)	—)	—)	—)	—)
Add: Noncontrolling interests (book value)	478)	523)	684)	1,398)	1,415)
Total equity	127,747)	185,373)	169,200)	228,014)	237,090)
Add: Current portion of debt (book value)	4,907)	2,069)	1,743)	2,132)	3,146)
Add: Noncurrent portion of debt (book value)	94,186)	95,021)	93,068)	92,718)	100,614)
Total equity and debt	226,840)	282,463)	264,011)	322,864)	340,850)
Less: Cash and cash equivalents	7,322)	6,215)	4,749)	8,711)	11,740)
Enterprise value (EV)	219,518)	276,248)	259,262)	314,153)	329,110)

¹ Data adjusted for splits and stock dividends.

² Closing price as at the filing date of Comcast Corp. Annual Report.

³ 2024 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 33.66 × 3,781,022,601

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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.	Comcast Corp. EV increased from 2022 to 2023 but then decreased significantly from 2023 to 2024.

Comcast Corp. (NASDAQ:CMCSA)

Enterprise Value (EV)