Intel Corp., current enterprise value calculation

Current share price (P)	$21.49
No. shares of common stock outstanding	4,313,000,000
US$ in millions
Common equity (market value)¹	92,686)
Add: Preferred stock, $0.001 par value; none issued (per books)	—)
Add: Non-controlling interests (per books)	4,375)
Total equity	97,061)
Add: Short-term debt (per books)	2,288)
Add: Long-term debt (per books)	46,978)
Total equity and debt	146,327)
Less: Cash and cash equivalents	7,079)
Less: Short-term investments	17,955)
Enterprise value (EV)	121,293)

¹ Common equity (market value) = Share price × No. shares of common stock outstanding
= 21.49 × 4,313,000,000

Intel Corp., EV calculation

	Dec 30, 2023	Dec 31, 2022	Dec 25, 2021	Dec 26, 2020	Dec 28, 2019
Share price^1, 2	$43.65	$28.16	$48.05	$56.66	$68.47
No. shares of common stock outstanding¹	4,228,000,000	4,137,000,000	4,072,000,000	4,063,000,000	4,277,000,000
US$ in millions
Common equity (market value)³	184,552)	116,498)	195,660)	230,210)	292,846)
Add: Preferred stock, $0.001 par value; none issued (book value)	—)	—)	—)	—)	—)
Add: Non-controlling interests (book value)	4,375)	1,863)	—)	—)	—)
Total equity	188,927)	118,361)	195,660)	230,210)	292,846)
Add: Short-term debt (book value)	2,288)	4,367)	4,591)	2,504)	3,693)
Add: Long-term debt (book value)	46,978)	37,684)	33,510)	33,897)	25,308)
Total equity and debt	238,193)	160,412)	233,761)	266,611)	321,847)
Less: Cash and cash equivalents	7,079)	11,144)	4,827)	5,865)	4,194)
Less: Short-term investments	17,955)	17,194)	23,586)	18,030)	8,929)
Enterprise value (EV)	213,159)	132,074)	205,348)	242,716)	308,724)

¹ Data adjusted for splits and stock dividends.

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

³ 2023 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 43.65 × 4,228,000,000

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

Intel Corp. (NASDAQ:INTC)

Enterprise Value (EV)