Medtronic PLC, current enterprise value calculation

Current share price (P)	$85.00
No. shares of common stock outstanding	1,282,490,493
US$ in millions
Common equity (market value)¹	109,012)
Add: Noncontrolling interests (per books)	206)
Total equity	109,218)
Add: Current debt obligations (per books)	1,092)
Add: Long-term debt (per books)	23,932)
Total equity and debt	134,242)
Less: Cash and cash equivalents	1,284)
Less: Investments	6,721)
Enterprise value (EV)	126,237)

¹ Common equity (market value) = Share price × No. shares of common stock outstanding
= 85.00 × 1,282,490,493

Medtronic PLC, EV calculation

	Apr 26, 2024	Apr 28, 2023	Apr 29, 2022	Apr 30, 2021	Apr 24, 2020	Apr 26, 2019
Share price^1, 2	$80.17	$87.41	$88.67	$124.93	$93.91	$99.38
No. shares of common stock outstanding¹	1,282,269,783	1,330,405,428	1,328,709,310	1,343,904,180	1,341,298,882	1,341,156,703
US$ in millions
Common equity (market value)³	102,800)	116,291)	117,817)	167,894)	125,961)	133,284)
Add: Noncontrolling interests (book value)	206)	182)	171)	174)	135)	121)
Total equity	103,006)	116,473)	117,988)	168,068)	126,096)	133,405)
Add: Current debt obligations (book value)	1,092)	20)	3,742)	11)	2,776)	838)
Add: Long-term debt (book value)	23,932)	24,344)	20,372)	26,378)	22,021)	24,486)
Total equity and debt	128,030)	140,837)	142,102)	194,457)	150,893)	158,729)
Less: Cash and cash equivalents	1,284)	1,543)	3,714)	3,593)	4,140)	4,393)
Less: Investments	6,721)	6,416)	6,859)	7,224)	6,808)	5,455)
Enterprise value (EV)	120,025)	132,878)	131,529)	183,640)	139,945)	148,881)

¹ Data adjusted for splits and stock dividends.

² Closing price as at the filing date of Medtronic PLC Annual Report.

³ 2024 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 80.17 × 1,282,269,783

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.	Medtronic PLC EV increased from 2022 to 2023 but then decreased significantly from 2023 to 2024.

Medtronic PLC (NYSE:MDT)

Enterprise Value (EV)