Hewlett Packard Enterprise Co., current enterprise value calculation

Current share price (P)	$19.48
No. shares of common stock outstanding	1,299,673,270
US$ in millions
Common equity (market value)¹	25,318)
Add: Non-controlling interests (per books)	56)
Total equity	25,374)
Add: Notes payable and short-term borrowings (per books)	4,868)
Add: Long-term debt (per books)	7,487)
Total equity and debt	37,729)
Less: Cash and cash equivalents	4,270)
Enterprise value (EV)	33,459)

¹ Common equity (market value) = Share price × No. shares of common stock outstanding
= 19.48 × 1,299,673,270

Hewlett Packard Enterprise Co., EV calculation

	Oct 31, 2023	Oct 31, 2022	Oct 31, 2021	Oct 31, 2020	Oct 31, 2019	Oct 31, 2018
Share price^1, 2	$17.09	$16.29	$15.21	$12.12	$16.03	$14.64
No. shares of common stock outstanding¹	1,300,000,000	1,281,816,851	1,293,439,907	1,293,499,810	1,292,925,893	1,398,678,425
US$ in millions
Common equity (market value)³	22,217)	20,881)	19,673)	15,677)	20,726)	20,477)
Add: Non-controlling interests (book value)	56)	45)	46)	47)	51)	35)
Total equity	22,273)	20,926)	19,719)	15,724)	20,777)	20,512)
Add: Notes payable and short-term borrowings (book value)	4,868)	4,612)	3,552)	3,755)	4,425)	2,005)
Add: Long-term debt (book value)	7,487)	7,853)	9,896)	12,186)	9,395)	10,136)
Total equity and debt	34,628)	33,391)	33,167)	31,665)	34,597)	32,653)
Less: Cash and cash equivalents	4,270)	4,163)	3,996)	4,233)	3,753)	4,880)
Enterprise value (EV)	30,358)	29,228)	29,171)	27,432)	30,844)	27,773)

¹ Data adjusted for splits and stock dividends.

² Closing price as at the filing date of Hewlett Packard Enterprise Co. Annual Report.

³ 2023 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 17.09 × 1,300,000,000

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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.	Hewlett Packard Enterprise Co. EV increased from 2021 to 2022 and from 2022 to 2023.

Hewlett Packard Enterprise Co. (NYSE:HPE)

Enterprise Value (EV)