Intuitive Surgical Inc., current enterprise value calculation

Current share price (P)	$606.57
No. shares of common stock outstanding	356,656,964
US$ in thousands
Common equity (market value)¹	216,337,415)
Add: Preferred stock, $0.001 par value, issuable in series; no shares issued and outstanding (per books)	—)
Add: Noncontrolling interest in joint venture (per books)	95,900)
Total equity	216,433,315)
Add: Total debt (book value)	—)
Total equity and debt	216,433,315)
Less: Cash and cash equivalents	2,027,400)
Less: Short-term investments	1,985,900)
Enterprise value (EV)	212,420,015)

¹ Common equity (market value) = Share price × No. shares of common stock outstanding
= 606.57 × 356,656,964

Intuitive Surgical Inc., EV calculation

	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Share price^1, 2	$571.88	$378.22	$245.27	$285.60	$262.70
No. shares of common stock outstanding¹	356,656,964	352,325,863	350,389,679	357,744,031	353,154,894
US$ in thousands
Common equity (market value)³	203,964,985)	133,256,688)	85,940,077)	102,171,695)	92,773,791)
Add: Preferred stock, $0.001 par value, issuable in series; no shares issued and outstanding (book value)	—)	—)	—)	—)	—)
Add: Noncontrolling interest in joint venture (book value)	95,900)	89,700)	70,700)	50,400)	27,600)
Total equity	204,060,885)	133,346,388)	86,010,777)	102,222,095)	92,801,391)
Add: Total debt (book value)	—)	—)	—)	—)	—)
Total equity and debt	204,060,885)	133,346,388)	86,010,777)	102,222,095)	92,801,391)
Less: Cash and cash equivalents	2,027,400)	2,750,100)	1,581,200)	1,290,900)	1,622,600)
Less: Short-term investments	1,985,900)	2,473,100)	2,536,700)	2,913,100)	3,488,800)
Enterprise value (EV)	200,047,585)	128,123,188)	81,892,877)	98,018,095)	87,689,991)

¹ Data adjusted for splits and stock dividends.

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

³ 2024 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 571.88 × 356,656,964

Download chart

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.	Intuitive Surgical Inc. EV increased from 2022 to 2023 and from 2023 to 2024.

Intuitive Surgical Inc. (NASDAQ:ISRG)

Enterprise Value (EV)