Meta Platforms Inc., current enterprise value calculation

Current share price (P)	$694.84
No. shares of common stock outstanding	2,533,659,265
US$ in millions
Common equity (market value)¹	1,760,488)
Total equity	1,760,488)
Add: Finance lease liabilities, current (per books)	76)
Add: Long-term debt (per books)	28,826)
Add: Finance lease liabilities, non-current (per books)	633)
Total equity and debt	1,790,023)
Less: Cash and cash equivalents	43,889)
Less: Marketable securities	33,926)
Enterprise value (EV)	1,712,208)

¹ Common equity (market value) = Share price × No. shares of common stock outstanding
= 694.84 × 2,533,659,265

Meta Platforms Inc., EV calculation

	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Share price^1, 2	$687.00	$474.99	$188.77	$237.76	$265.00
No. shares of common stock outstanding¹	2,533,659,265	2,549,405,106	2,592,639,548	2,721,941,960	2,847,669,951
US$ in millions
Common equity (market value)³	1,740,624)	1,210,942)	489,413)	647,169)	754,633)
Total equity	1,740,624)	1,210,942)	489,413)	647,169)	754,633)
Add: Finance lease liabilities, current (book value)	76)	90)	129)	75)	54)
Add: Long-term debt (book value)	28,826)	18,385)	9,923)	—)	—)
Add: Finance lease liabilities, non-current (book value)	633)	600)	558)	506)	469)
Total equity and debt	1,770,159)	1,230,017)	500,023)	647,750)	755,156)
Less: Cash and cash equivalents	43,889)	41,862)	14,681)	16,601)	17,576)
Less: Marketable securities	33,926)	23,541)	26,057)	31,397)	44,378)
Enterprise value (EV)	1,692,344)	1,164,614)	459,285)	599,752)	693,202)

¹ Data adjusted for splits and stock dividends.

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

³ 2024 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 687.00 × 2,533,659,265

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.	Meta Platforms Inc. EV increased from 2022 to 2023 and from 2023 to 2024.

Meta Platforms Inc. (NASDAQ:META)

Enterprise Value (EV)