T-Mobile US Inc., current enterprise value calculation

Current share price (P)	$233.20
No. shares of common stock outstanding	1,160,486,648
US$ in millions
Common equity (market value)¹	270,625)
Total equity	270,625)
Add: Short-term debt (per books)	3,619)
Add: Short-term debt to affiliates (per books)	—)
Add: Short-term financing lease liabilities (per books)	1,260)
Add: Long-term debt (per books)	69,903)
Add: Long-term debt to affiliates (per books)	1,496)
Add: Long-term financing lease liabilities (per books)	1,236)
Total equity and debt	348,139)
Less: Cash and cash equivalents	5,135)
Enterprise value (EV)	343,004)

¹ Common equity (market value) = Share price × No. shares of common stock outstanding
= 233.20 × 1,160,486,648

T-Mobile US Inc., EV calculation

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Share price^1, 2	$161.78	$147.49	$124.48	$119.22	$82.77
No. shares of common stock outstanding¹	1,186,867,575	1,219,383,110	1,249,289,954	1,242,804,085	856,932,845
US$ in millions
Common equity (market value)³	192,011)	179,847)	155,512)	148,167)	70,928)
Total equity	192,011)	179,847)	155,512)	148,167)	70,928)
Add: Short-term debt (book value)	3,619)	5,164)	3,378)	4,579)	25)
Add: Short-term debt to affiliates (book value)	—)	—)	2,245)	—)	—)
Add: Short-term financing lease liabilities (book value)	1,260)	1,161)	1,120)	1,063)	957)
Add: Long-term debt (book value)	69,903)	65,301)	67,076)	61,830)	10,958)
Add: Long-term debt to affiliates (book value)	1,496)	1,495)	1,494)	4,716)	13,986)
Add: Long-term financing lease liabilities (book value)	1,236)	1,370)	1,455)	1,444)	1,346)
Total equity and debt	269,525)	254,338)	232,280)	221,799)	98,200)
Less: Cash and cash equivalents	5,135)	4,507)	6,631)	10,385)	1,528)
Enterprise value (EV)	264,390)	249,831)	225,649)	211,414)	96,672)

¹ Data adjusted for splits and stock dividends.

² Closing price as at the filing date of T-Mobile US Inc. Annual Report.

³ 2023 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 161.78 × 1,186,867,575

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.	T-Mobile US Inc. EV increased from 2021 to 2022 and from 2022 to 2023.

T-Mobile US Inc. (NASDAQ:TMUS)

Enterprise Value (EV)