Intel Corp., current enterprise value calculation

Current share price (P)	$26.09
No. shares of common stock outstanding	4,330,000,000
US$ in millions
Common equity (market value)¹	112,970)
Add: Preferred stock, $0.001 par value; none issued (per books)	—)
Add: Non-controlling interests (per books)	5,762)
Total equity	118,732)
Add: Short-term debt (per books)	3,729)
Add: Long-term debt (per books)	46,282)
Total equity and debt	168,743)
Less: Cash and cash equivalents	8,249)
Less: Short-term investments	13,813)
Enterprise value (EV)	146,681)

¹ Common equity (market value) = Share price × No. shares of common stock outstanding
= 26.09 × 4,330,000,000

Intel Corp., EV calculation

	Dec 28, 2024	Dec 30, 2023	Dec 31, 2022	Dec 25, 2021	Dec 26, 2020
Share price^1, 2	$19.43	$43.65	$28.16	$48.05	$56.66
No. shares of common stock outstanding¹	4,330,000,000	4,228,000,000	4,137,000,000	4,072,000,000	4,063,000,000
US$ in millions
Common equity (market value)³	84,132)	184,552)	116,498)	195,660)	230,210)
Add: Preferred stock, $0.001 par value; none issued (book value)	—)	—)	—)	—)	—)
Add: Non-controlling interests (book value)	5,762)	4,375)	1,863)	—)	—)
Total equity	89,894)	188,927)	118,361)	195,660)	230,210)
Add: Short-term debt (book value)	3,729)	2,288)	4,367)	4,591)	2,504)
Add: Long-term debt (book value)	46,282)	46,978)	37,684)	33,510)	33,897)
Total equity and debt	139,905)	238,193)	160,412)	233,761)	266,611)
Less: Cash and cash equivalents	8,249)	7,079)	11,144)	4,827)	5,865)
Less: Short-term investments	13,813)	17,955)	17,194)	23,586)	18,030)
Enterprise value (EV)	117,843)	213,159)	132,074)	205,348)	242,716)

¹ Data adjusted for splits and stock dividends.

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

³ 2024 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 19.43 × 4,330,000,000

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

Intel Corp. (NASDAQ:INTC)

Enterprise Value (EV)