Qualcomm Inc., current enterprise value calculation

Current share price (P)	$164.71
No. shares of common stock outstanding	1,111,000,000
US$ in millions
Common equity (market value)¹	182,993)
Add: Preferred stock, $0.0001 par value; none outstanding (per books)	—)
Total equity	182,993)
Add: Short-term debt (per books)	1,364)
Add: Long-term debt (per books)	13,270)
Total equity and debt	197,627)
Less: Cash and cash equivalents	7,849)
Less: Marketable securities	5,451)
Enterprise value (EV)	184,327)

¹ Common equity (market value) = Share price × No. shares of common stock outstanding
= 164.71 × 1,111,000,000

Qualcomm Inc., EV calculation

	Sep 29, 2024	Sep 24, 2023	Sep 25, 2022	Sep 26, 2021	Sep 27, 2020	Sep 29, 2019
Share price^1, 2	$172.99	$110.89	$112.50	$138.48	$128.97	$84.63
No. shares of common stock outstanding¹	1,111,000,000	1,113,000,000	1,121,000,000	1,120,000,000	1,131,000,000	1,141,844,863
US$ in millions
Common equity (market value)³	192,192)	123,421)	126,113)	155,098)	145,865)	96,634)
Add: Preferred stock, $0.0001 par value; none outstanding (book value)	—)	—)	—)	—)	—)	—)
Total equity	192,192)	123,421)	126,113)	155,098)	145,865)	96,634)
Add: Short-term debt (book value)	1,364)	914)	1,945)	2,044)	500)	2,496)
Add: Long-term debt (book value)	13,270)	14,484)	13,537)	13,701)	15,226)	13,437)
Total equity and debt	206,826)	138,819)	141,595)	170,843)	161,591)	112,567)
Less: Cash and cash equivalents	7,849)	8,450)	2,773)	7,116)	6,707)	11,839)
Less: Marketable securities	5,451)	2,874)	3,609)	5,298)	4,507)	421)
Enterprise value (EV)	193,526)	127,495)	135,213)	158,429)	150,377)	100,307)

¹ Data adjusted for splits and stock dividends.

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

³ 2024 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 172.99 × 1,111,000,000

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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.	Qualcomm Inc. EV decreased from 2022 to 2023 but then increased from 2023 to 2024 exceeding 2022 level.

Qualcomm Inc. (NASDAQ:QCOM)

Enterprise Value (EV)