Intuit Inc., current enterprise value calculation

Current share price (P)	$644.17
No. shares of common stock outstanding	280,292,000
US$ in millions
Common equity (market value)¹	180,556)
Add: Preferred stock, $0.01 par value; none issued and outstanding (per books)	—)
Total equity	180,556)
Add: Short-term debt (per books)	499)
Add: Long-term debt (per books)	5,539)
Total equity and debt	186,594)
Less: Cash and cash equivalents	3,609)
Less: Investments	465)
Enterprise value (EV)	182,520)

¹ Common equity (market value) = Share price × No. shares of common stock outstanding
= 644.17 × 280,292,000

Intuit Inc., EV calculation

	Jul 31, 2024	Jul 31, 2023	Jul 31, 2022	Jul 31, 2021	Jul 31, 2020	Jul 31, 2019
Share price^1, 2	$623.10	$549.60	$420.06	$567.59	$345.39	$288.36
No. shares of common stock outstanding¹	280,292,000	280,259,493	281,869,879	273,091,929	261,807,204	260,073,642
US$ in millions
Common equity (market value)³	174,650)	154,031)	118,402)	155,004)	90,426)	74,995)
Add: Preferred stock, $0.01 par value; none issued and outstanding (book value)	—)	—)	—)	—)	—)	—)
Total equity	174,650)	154,031)	118,402)	155,004)	90,426)	74,995)
Add: Short-term debt (book value)	499)	—)	499)	—)	1,338)	50)
Add: Long-term debt (book value)	5,539)	6,120)	6,415)	2,034)	2,031)	386)
Total equity and debt	180,688)	160,151)	125,316)	157,038)	93,795)	75,431)
Less: Cash and cash equivalents	3,609)	2,848)	2,796)	2,562)	6,442)	2,116)
Less: Investments	465)	814)	485)	1,308)	608)	624)
Enterprise value (EV)	176,614)	156,489)	122,035)	153,168)	86,745)	72,691)

¹ Data adjusted for splits and stock dividends.

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

³ 2024 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 623.10 × 280,292,000

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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.	Intuit Inc. EV increased from 2022 to 2023 and from 2023 to 2024.

Intuit Inc. (NASDAQ:INTU)

Enterprise Value (EV)