Danaher Corp., current enterprise value calculation

Current share price (P)	$207.95
No. shares of common stock outstanding	714,709,852
US$ in millions
Common equity (market value)¹	148,624)
Add: Preferred stock, no par value (per books)	—)
Add: Noncontrolling interests (per books)	7)
Total equity	148,631)
Add: Notes payable and current portion of long-term debt (per books)	505)
Add: Long-term debt, excluding current portion (per books)	15,500)
Total equity and debt	164,636)
Less: Cash and equivalents	2,078)
Enterprise value (EV)	162,558)

¹ Common equity (market value) = Share price × No. shares of common stock outstanding
= 207.95 × 714,709,852

Danaher Corp., EV calculation

	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Share price^1, 2	$207.95	$250.65	$250.11	$262.39	$219.26
No. shares of common stock outstanding¹	714,709,852	739,701,725	728,576,886	715,352,586	712,204,198
US$ in millions
Common equity (market value)³	148,624)	185,406)	182,224)	187,701)	156,158)
Add: Preferred stock, no par value (book value)	—)	—)	1,668)	3,268)	3,268)
Add: Noncontrolling interests (book value)	7)	4)	8)	10)	11)
Total equity	148,631)	185,410)	183,900)	190,979)	159,437)
Add: Notes payable and current portion of long-term debt (book value)	505)	1,695)	591)	8)	11)
Add: Long-term debt, excluding current portion (book value)	15,500)	16,707)	19,086)	22,168)	21,193)
Total equity and debt	164,636)	203,812)	203,577)	213,155)	180,641)
Less: Cash and equivalents	2,078)	5,864)	5,995)	2,586)	6,035)
Enterprise value (EV)	162,558)	197,948)	197,582)	210,569)	174,606)

¹ Data adjusted for splits and stock dividends.

² Closing price as at the filing date of Danaher Corp. Annual Report.

³ 2024 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 207.95 × 714,709,852

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.	Danaher Corp. EV increased from 2022 to 2023 but then decreased significantly from 2023 to 2024.

Danaher Corp. (NYSE:DHR)

Enterprise Value (EV)