Teradyne Inc., current enterprise value calculation

Current share price (P)	$120.44
No. shares of common stock outstanding	156,111,885
US$ in thousands
Common equity (market value)¹	18,802,115)
Total equity	18,802,115)
Add: Current debt (per books)	—)
Add: Long-term debt (per books)	—)
Total equity and debt	18,802,115)
Less: Cash and cash equivalents	757,571)
Less: Marketable securities	62,154)
Enterprise value (EV)	17,982,390)

¹ Common equity (market value) = Share price × No. shares of common stock outstanding
= 120.44 × 156,111,885

Teradyne Inc., EV calculation

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Share price^1, 2	$102.48	$100.77	$111.52	$132.39	$60.49
No. shares of common stock outstanding¹	153,080,607	156,047,868	162,417,046	166,694,772	166,784,497
US$ in thousands
Common equity (market value)³	15,687,701)	15,724,944)	18,112,749)	22,068,721)	10,088,794)
Total equity	15,687,701)	15,724,944)	18,112,749)	22,068,721)	10,088,794)
Add: Current debt (book value)	—)	50,115)	19,182)	33,343)	—)
Add: Long-term debt (book value)	—)	—)	89,244)	376,768)	394,687)
Total equity and debt	15,687,701)	15,775,059)	18,221,175)	22,478,832)	10,483,481)
Less: Cash and cash equivalents	757,571)	854,773)	1,122,199)	914,121)	773,924)
Less: Marketable securities	62,154)	39,612)	244,231)	522,280)	137,303)
Enterprise value (EV)	14,867,976)	14,880,674)	16,854,745)	21,042,431)	9,572,254)

¹ Data adjusted for splits and stock dividends.

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

³ 2023 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 102.48 × 153,080,607

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.	Teradyne Inc. EV decreased from 2021 to 2022 and from 2022 to 2023.

Teradyne Inc. (NASDAQ:TER)

Enterprise Value (EV)