Hubbell Inc., current enterprise value calculation

Current share price (P)	$279.10
No. shares of common stock outstanding	53,622,050
US$ in thousands
Common equity (market value)¹	14,965,914)
Add: Noncontrolling interest (per books)	9,700)
Total equity	14,975,614)
Add: Short-term debt and current portion of long-term debt (per books)	4,700)
Add: Long-term debt, excluding current portion (per books)	1,437,900)
Total equity and debt	16,418,214)
Less: Cash and cash equivalents	440,500)
Less: Short-term investments	14,300)
Enterprise value (EV)	15,963,414)

¹ Common equity (market value) = Share price × No. shares of common stock outstanding
= 279.10 × 53,622,050

Hubbell Inc., EV calculation

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Share price^1, 2	$240.62	$183.31	$164.36	$147.54	$118.61
No. shares of common stock outstanding¹	53,600,592	54,409,067	54,296,993	54,434,310	54,601,694
US$ in thousands
Common equity (market value)³	12,897,374)	9,973,726)	8,924,254)	8,031,238)	6,476,307)
Add: Noncontrolling interest (book value)	9,700)	10,900)	15,400)	13,400)	18,300)
Total equity	12,907,074)	9,984,626)	8,939,654)	8,044,638)	6,494,607)
Add: Short-term debt and current portion of long-term debt (book value)	4,700)	9,700)	153,100)	65,400)	56,100)
Add: Long-term debt, excluding current portion (book value)	1,437,900)	1,435,500)	1,436,900)	1,506,000)	1,737,100)
Total equity and debt	14,349,674)	11,429,826)	10,529,654)	9,616,038)	8,287,807)
Less: Cash and cash equivalents	440,500)	286,200)	259,600)	182,000)	189,000)
Less: Short-term investments	14,300)	9,400)	9,300)	14,200)	9,200)
Enterprise value (EV)	13,894,874)	11,134,226)	10,260,754)	9,419,838)	8,089,607)

¹ Data adjusted for splits and stock dividends.

² Closing price as at the filing date of Hubbell Inc. Annual Report.

³ 2022 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 240.62 × 53,600,592

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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.	Hubbell Inc. EV increased from 2020 to 2021 and from 2021 to 2022.

Hubbell Inc. (NYSE:HUBB)

Enterprise Value (EV)