Enterprise Value (EV)
Current Enterprise Value (EV)
Costco Wholesale Corp., current enterprise value calculation
| Current share price (P) | $936.33 |
| No. shares of common stock outstanding | 443,179,176 |
| US$ in millions | |
| Common equity (market value)1 | 414,962) |
| Add: Preferred stock $.005 par value; no shares issued and outstanding (per books) | —) |
| Add: Noncontrolling interests (per books) | —) |
| Total equity | 414,962) |
| Add: Current portion of long-term debt (per books) | 75) |
| Add: Current finance lease liabilities (per books) | 78) |
| Add: Long-term debt, excluding current portion (per books) | 5,713) |
| Add: Long-term finance lease liabilities (per books) | 1,401) |
| Total equity and debt | 422,229) |
| Less: Cash and cash equivalents | 14,161) |
| Less: Short-term investments | 1,123) |
| Enterprise value (EV) | 406,945) |
Based on: 10-K (reporting date: 2025-08-31).
1 Common equity (market value) = Share price × No. shares of common stock outstanding
= 936.33 × 443,179,176
Historical Enterprise Value (EV)
Costco Wholesale Corp., EV calculation
Based on: 10-K (reporting date: 2025-08-31), 10-K (reporting date: 2024-09-01), 10-K (reporting date: 2023-09-03), 10-K (reporting date: 2022-08-28), 10-K (reporting date: 2021-08-29), 10-K (reporting date: 2020-08-30).
1 Data adjusted for splits and stock dividends.
2 Closing price as at the filing date of Costco Wholesale Corp. Annual Report.
3 2025 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 914.80 × 443,179,176
The analysis of the financial data reveals a consistent growth trend in various equity and enterprise value metrics over the observed years.
- Common Equity (Market Value)
- This metric shows a steady increase from 160,175 million USD in 2020 to 405,420 million USD in 2025. The growth is particularly notable between 2023 and 2024, where the value rises sharply from 250,379 million USD to 402,798 million USD, indicating a substantial improvement in market perception or capitalization.
- Total Equity
- Total equity figures closely mirror the trend observed in common equity, starting from 160,596 million USD in 2020 and reaching 405,420 million USD by 2025. This parallel movement implies that common equity constitutes the majority of total equity, with negligible variations between the two measures.
- Total Equity and Debt
- Total equity and debt exhibit an increase from 168,893 million USD in 2020 to 412,687 million USD in 2025. The trend aligns with the growth in total equity but shows slightly higher values, reflecting the incorporation of debt financing. The substantial rise around 2024 matches the equity increase, suggesting expansion financed by both equity and debt sources.
- Enterprise Value (EV)
- Enterprise Value steadily increases from 155,588 million USD in 2020 to a peak of 399,049 million USD in 2024, before a slight decline to 397,403 million USD in 2025. The upward trajectory reflects growing market valuation and operational scale, with the slight decrease in the final year potentially indicating changes in market conditions or capital structure.
Overall, the data indicate robust growth in equity and enterprise valuation over the timeframe, with significant acceleration in the later years, particularly around 2023 to 2024. The consistency across equity, debt, and enterprise value suggests a balanced approach to financing expansion, while the slight dip in enterprise value at the end may warrant further examination.