Hilton Worldwide Holdings Inc., current enterprise value calculation

Current share price (P)	$203.52
No. shares of common stock outstanding	246,427,097
US$ in millions
Common equity (market value)¹	50,153)
Add: Noncontrolling interests (per books)	13)
Total equity	50,166)
Add: Current maturities of long-term debt (per books)	39)
Add: Long-term debt, excluding current maturities (per books)	9,157)
Total equity and debt	59,362)
Less: Cash and cash equivalents	800)
Less: Restricted cash and cash equivalents	75)
Enterprise value (EV)	58,487)

¹ Common equity (market value) = Share price × No. shares of common stock outstanding
= 203.52 × 246,427,097

Hilton Worldwide Holdings Inc., EV calculation

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Share price^1, 2	$196.03	$150.80	$156.34	$111.43	$112.94
No. shares of common stock outstanding¹	252,160,518	266,450,664	279,139,082	277,607,799	277,447,716
US$ in millions
Common equity (market value)³	49,431)	40,181)	43,641)	30,934)	31,335)
Add: Noncontrolling interests (book value)	13)	4)	2)	4)	10)
Total equity	49,444)	40,185)	43,643)	30,938)	31,345)
Add: Current maturities of long-term debt (book value)	39)	39)	54)	56)	37)
Add: Long-term debt, excluding current maturities (book value)	9,157)	8,708)	8,712)	10,431)	7,956)
Total equity and debt	58,640)	48,932)	52,409)	41,425)	39,338)
Less: Cash and cash equivalents	800)	1,209)	1,427)	3,218)	538)
Less: Restricted cash and cash equivalents	75)	77)	85)	45)	92)
Enterprise value (EV)	57,765)	47,646)	50,897)	38,162)	38,708)

¹ Data adjusted for splits and stock dividends.

² Closing price as at the filing date of Hilton Worldwide Holdings Inc. Annual Report.

³ 2023 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 196.03 × 252,160,518

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.	Hilton Worldwide Holdings Inc. EV decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.

Hilton Worldwide Holdings Inc. (NYSE:HLT)

Enterprise Value (EV)