Oracle Corp., current enterprise value calculation

Current share price (P)	$188.90
No. shares of common stock outstanding	2,770,968,000
US$ in millions
Common equity (market value)¹	523,436)
Add: Preferred stock, $0.01 par value; outstanding: none (per books)	—)
Add: Noncontrolling interests (per books)	535)
Total equity	523,971)
Add: Notes payable and other borrowings, current (per books)	10,605)
Add: Notes payable and other borrowings, non-current (per books)	76,264)
Total equity and debt	610,840)
Less: Cash and cash equivalents	10,454)
Less: Marketable securities	207)
Enterprise value (EV)	600,179)

¹ Common equity (market value) = Share price × No. shares of common stock outstanding
= 188.90 × 2,770,968,000

Oracle Corp., EV calculation

	May 31, 2024	May 31, 2023	May 31, 2022	May 31, 2021	May 31, 2020	May 31, 2019
Share price^1, 2	$142.91	$122.04	$67.68	$77.99	$55.12	$56.12
No. shares of common stock outstanding¹	2,755,860,000	2,714,259,000	2,664,926,000	2,792,000,000	3,068,682,000	3,335,819,000
US$ in millions
Common equity (market value)³	393,840)	331,248)	180,362)	217,748)	169,146)	187,206)
Add: Preferred stock, $0.01 par value; outstanding: none (book value)	—)	—)	—)	—)	—)	—)
Add: Noncontrolling interests (book value)	535)	483)	452)	714)	643)	578)
Total equity	394,375)	331,731)	180,814)	218,462)	169,789)	187,784)
Add: Notes payable and other borrowings, current (book value)	10,605)	4,061)	3,749)	8,250)	2,371)	4,494)
Add: Notes payable and other borrowings, non-current (book value)	76,264)	86,420)	72,110)	75,995)	69,226)	51,673)
Total equity and debt	481,244)	422,212)	256,673)	302,707)	241,386)	243,951)
Less: Cash and cash equivalents	10,454)	9,765)	21,383)	30,098)	37,239)	20,514)
Less: Marketable securities	207)	422)	519)	16,456)	5,818)	17,313)
Enterprise value (EV)	470,583)	412,025)	234,771)	256,153)	198,329)	206,124)

¹ Data adjusted for splits and stock dividends.

² Closing price as at the filing date of Oracle Corp. Annual Report.

³ 2024 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 142.91 × 2,755,860,000

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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.	Oracle Corp. EV increased from 2022 to 2023 and from 2023 to 2024.

Oracle Corp. (NYSE:ORCL)

Enterprise Value (EV)