Eaton Corp. plc, current enterprise value calculation

Current share price (P)	$363.69
No. shares of common stock outstanding	395,200,000
US$ in millions
Common equity (market value)¹	143,730)
Add: Noncontrolling interests (per books)	33)
Total equity	143,763)
Add: Short-term debt (per books)	8)
Add: Current portion of long-term debt (per books)	1,017)
Add: Long-term debt, excluding current portion (per books)	8,244)
Total equity and debt	153,032)
Less: Cash	488)
Less: Short-term investments	2,121)
Enterprise value (EV)	150,423)

¹ Common equity (market value) = Share price × No. shares of common stock outstanding
= 363.69 × 395,200,000

Eaton Corp. plc, EV calculation

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Share price^1, 2	$289.00	$172.78	$149.31	$132.68	$96.58
No. shares of common stock outstanding¹	399,500,000	398,000,000	398,800,000	398,100,000	413,400,000
US$ in millions
Common equity (market value)³	115,456)	68,766)	59,545)	52,820)	39,926)
Add: Noncontrolling interests (book value)	33)	37)	38)	43)	51)
Total equity	115,489)	68,803)	59,583)	52,863)	39,977)
Add: Short-term debt (book value)	8)	324)	13)	1)	255)
Add: Current portion of long-term debt (book value)	1,017)	10)	1,735)	1,047)	248)
Add: Long-term debt, excluding current portion (book value)	8,244)	8,321)	6,831)	7,010)	7,819)
Total equity and debt	124,758)	77,458)	68,162)	60,921)	48,299)
Less: Cash	488)	294)	297)	438)	370)
Less: Short-term investments	2,121)	261)	271)	664)	221)
Enterprise value (EV)	122,149)	76,903)	67,594)	59,819)	47,708)

¹ Data adjusted for splits and stock dividends.

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

³ 2023 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 289.00 × 399,500,000

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.	Eaton Corp. plc EV increased from 2021 to 2022 and from 2022 to 2023.

Eaton Corp. plc (NYSE:ETN)

Enterprise Value (EV)