Procter & Gamble Co., current enterprise value calculation

Current share price (P)	$168.06
No. shares of common stock outstanding	2,355,041,729
US$ in millions
Common equity (market value)¹	395,788)
Add: Convertible Class A preferred stock, stated value $1 per share (per books)	798)
Add: Noncontrolling interest (per books)	272)
Total equity	396,858)
Add: Debt due within one year (per books)	7,191)
Add: Long-term debt, excluding due within one year (per books)	25,269)
Total equity and debt	429,318)
Less: Cash and cash equivalents	9,482)
Less: Available-for-sale investment securities	—)
Enterprise value (EV)	419,836)

¹ Common equity (market value) = Share price × No. shares of common stock outstanding
= 168.06 × 2,355,041,729

Procter & Gamble Co., EV calculation

	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020	Jun 30, 2019
Share price^1, 2	$168.06	$155.28	$144.72	$141.41	$132.71	$114.28
No. shares of common stock outstanding¹	2,354,050,987	2,357,306,187	2,389,553,883	2,427,424,874	2,486,086,692	2,502,259,668
US$ in millions
Common equity (market value)³	395,622)	366,043)	345,816)	343,262)	329,929)	285,958)
Add: Convertible Class A preferred stock, stated value $1 per share (book value)	798)	819)	843)	870)	897)	928)
Add: Noncontrolling interest (book value)	272)	288)	265)	276)	357)	385)
Total equity	396,692)	367,150)	346,924)	344,408)	331,183)	287,271)
Add: Debt due within one year (book value)	7,191)	10,229)	8,645)	8,889)	11,183)	9,697)
Add: Long-term debt, excluding due within one year (book value)	25,269)	24,378)	22,848)	23,099)	23,537)	20,395)
Total equity and debt	429,152)	401,757)	378,417)	376,396)	365,903)	317,363)
Less: Cash and cash equivalents	9,482)	8,246)	7,214)	10,288)	16,181)	4,239)
Less: Available-for-sale investment securities	—)	—)	—)	—)	—)	6,048)
Enterprise value (EV)	419,670)	393,511)	371,203)	366,108)	349,722)	307,076)

¹ Data adjusted for splits and stock dividends.

² Closing price as at the filing date of Procter & Gamble Co. Annual Report.

³ 2024 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 168.06 × 2,354,050,987

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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.	Procter & Gamble Co. EV increased from 2022 to 2023 and from 2023 to 2024.

Procter & Gamble Co. (NYSE:PG)

Enterprise Value (EV)