Uber Technologies Inc., current enterprise value calculation

Current share price (P)	$81.26
No. shares of common stock outstanding	2,089,008,865
US$ in millions
Common equity (market value)¹	169,753)
Add: Non-redeemable non-controlling interests (per books)	825)
Total equity	170,578)
Add: Current portion of long-term debt (per books)	1,150)
Add: Finance leases liabilities, current (per books)	136)
Add: Long-term debt, net of current portion (per books)	8,347)
Add: Finance leases liabilities, non-current (per books)	174)
Total equity and debt	180,385)
Less: Cash and cash equivalents	5,893)
Less: Short-term investments	1,084)
Less: Restricted cash and cash equivalents	545)
Enterprise value (EV)	172,863)

¹ Common equity (market value) = Share price × No. shares of common stock outstanding
= 81.26 × 2,089,008,865

Uber Technologies Inc., EV calculation

	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Share price^1, 2	$79.42	$81.39	$34.20	$34.87	$54.40
No. shares of common stock outstanding¹	2,089,008,865	2,076,497,400	2,009,907,175	1,954,464,088	1,858,167,579
US$ in millions
Common equity (market value)³	165,909)	169,006)	68,739)	68,152)	101,084)
Add: Non-redeemable non-controlling interests (book value)	825)	779)	734)	687)	701)
Total equity	166,734)	169,785)	69,473)	68,839)	101,785)
Add: Current portion of long-term debt (book value)	1,150)	25)	27)	27)	27)
Add: Finance leases liabilities, current (book value)	136)	156)	115)	191)	177)
Add: Long-term debt, net of current portion (book value)	8,347)	9,459)	9,265)	9,276)	7,560)
Add: Finance leases liabilities, non-current (book value)	174)	322)	284)	43)	120)
Total equity and debt	176,541)	179,747)	79,164)	78,376)	109,669)
Less: Cash and cash equivalents	5,893)	4,680)	4,208)	4,295)	5,647)
Less: Short-term investments	1,084)	727)	103)	—)	1,180)
Less: Restricted cash and cash equivalents	545)	805)	680)	631)	250)
Enterprise value (EV)	169,019)	173,535)	74,173)	73,450)	102,592)

¹ Data adjusted for splits and stock dividends.

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

³ 2024 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 79.42 × 2,089,008,865

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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.	Uber Technologies Inc. EV increased from 2022 to 2023 but then slightly decreased from 2023 to 2024.

Uber Technologies Inc. (NYSE:UBER)

Enterprise Value (EV)