Stock Analysis on Net

Pfizer Inc. (NYSE:PFE)

Enterprise Value (EV) 

Microsoft Excel

Current Enterprise Value (EV)

Pfizer Inc., current enterprise value calculation

Microsoft Excel
Current share price (P) $25.21
No. shares of common stock outstanding 5,667,340,414
US$ in millions
Common equity (market value)1 142,874
Add: Equity attributable to noncontrolling interests (per books) 294
Total equity 143,168
Add: Short-term borrowings, including current portion of long-term debt (per books) 6,946
Add: Long-term debt, excluding current portion (per books) 57,405
Total equity and debt 207,519
Less: Cash and cash equivalents 1,043
Less: Short-term investments 19,434
Enterprise value (EV) 187,042

Based on: 10-K (reporting date: 2024-12-31).

1 Common equity (market value) = Share price × No. shares of common stock outstanding
= 25.21 × 5,667,340,414


Historical Enterprise Value (EV)

Pfizer Inc., EV calculation

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Share price1, 2 $26.10 $27.55 $42.30 $45.96 $33.82
No. shares of common stock outstanding1 5,667,340,414 5,646,778,425 5,619,074,621 5,623,346,471 5,577,629,491
US$ in millions
Common equity (market value)3 147,918 155,569 237,687 258,449 188,635
Add: Equity attributable to noncontrolling interests (book value) 294 274 255 261 235
Total equity 148,212 155,843 237,942 258,710 188,870
Add: Short-term borrowings, including current portion of long-term debt (book value) 6,946 10,350 2,945 2,241 2,703
Add: Long-term debt, excluding current portion (book value) 57,405 61,538 32,884 36,195 37,133
Total equity and debt 212,563 227,731 273,771 297,146 228,706
Less: Cash and cash equivalents 1,043 2,853 416 1,944 1,784
Less: Short-term investments 19,434 9,837 22,316 29,125 10,437
Enterprise value (EV) 192,086 215,041 251,039 266,077 216,485

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

1 Data adjusted for splits and stock dividends.

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

3 2024 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 26.10 × 5,667,340,414

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. Pfizer Inc. EV decreased from 2022 to 2023 and from 2023 to 2024.