Ford Motor Co., current enterprise value calculation

Current share price (P)	$9.94
No. shares of common stock outstanding	3,963,447,704
US$ in millions
Common equity (market value)¹	39,397)
Add: Equity attributable to noncontrolling interests (per books)	23)
Total equity	39,420)
Add: Debt payable within one year (per books)	54,949)
Add: Long-term debt payable after one year (per books)	103,573)
Total equity and debt	197,942)
Less: Cash and cash equivalents	22,935)
Less: Marketable securities	15,413)
Enterprise value (EV)	159,594)

¹ Common equity (market value) = Share price × No. shares of common stock outstanding
= 9.94 × 3,963,447,704

Ford Motor Co., EV calculation

	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Share price^1, 2	$9.26	$12.80	$13.23	$17.96	$11.51
No. shares of common stock outstanding¹	3,963,447,704	3,973,633,108	3,986,181,861	4,004,247,552	3,978,695,017
US$ in millions
Common equity (market value)³	36,702)	50,863)	52,737)	71,916)	45,795)
Add: Equity attributable to noncontrolling interests (book value)	23)	25)	(75)	103)	121)
Total equity	36,725)	50,888)	52,662)	72,019)	45,916)
Add: Debt payable within one year (book value)	54,949)	49,669)	50,164)	49,692)	51,343)
Add: Long-term debt payable after one year (book value)	103,573)	99,562)	88,805)	88,400)	110,341)
Total equity and debt	195,247)	200,119)	191,631)	210,111)	207,600)
Less: Cash and cash equivalents	22,935)	24,862)	25,134)	20,540)	25,243)
Less: Marketable securities	15,413)	15,309)	18,936)	29,053)	24,718)
Enterprise value (EV)	156,899)	159,948)	147,561)	160,518)	157,639)

¹ Data adjusted for splits and stock dividends.

² Closing price as at the filing date of Ford Motor Co. Annual Report.

³ 2024 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 9.26 × 3,963,447,704

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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.	Ford Motor Co. EV increased from 2022 to 2023 but then slightly decreased from 2023 to 2024.

Ford Motor Co. (NYSE:F)

Enterprise Value (EV)