Walt Disney Co., current enterprise value calculation

Current share price (P)	$112.42
No. shares of common stock outstanding	1,810,939,306
US$ in millions
Common equity (market value)¹	203,586)
Add: Preferred stock (per books)	—)
Add: Noncontrolling interests (per books)	4,826)
Total equity	208,412)
Add: Short-term finance lease liabilities (per books)	30)
Add: Current portion of borrowings (per books)	6,845)
Add: Borrowings, excluding current portion (per books)	38,970)
Add: Long-term finance lease liabilities (per books)	160)
Total equity and debt	254,417)
Less: Cash and cash equivalents	6,002)
Enterprise value (EV)	248,415)

¹ Common equity (market value) = Share price × No. shares of common stock outstanding
= 112.42 × 1,810,939,306

Walt Disney Co., EV calculation

	Sep 28, 2024	Sep 30, 2023	Oct 1, 2022	Oct 2, 2021	Oct 3, 2020	Sep 28, 2019
Share price^1, 2	$109.12	$94.45	$94.69	$151.34	$149.09	$146.93
No. shares of common stock outstanding¹	1,810,939,306	1,830,315,921	1,823,591,988	1,817,655,948	1,810,485,037	1,802,398,289
US$ in millions
Common equity (market value)³	197,610)	172,873)	172,676)	275,084)	269,925)	264,826)
Add: Preferred stock (book value)	—)	—)	—)	—)	—)	—)
Add: Noncontrolling interests (book value)	4,826)	4,680)	3,871)	4,458)	4,680)	5,012)
Total equity	202,436)	177,553)	176,547)	279,542)	274,605)	269,838)
Add: Short-term finance lease liabilities (book value)	30)	37)	37)	41)	37)	5)
Add: Current portion of borrowings (book value)	6,845)	4,330)	3,070)	5,866)	5,711)	8,857)
Add: Borrowings, excluding current portion (book value)	38,970)	42,101)	45,299)	48,540)	52,917)	38,129)
Add: Long-term finance lease liabilities (book value)	160)	206)	219)	246)	271)	146)
Total equity and debt	248,441)	224,227)	225,172)	334,235)	333,541)	316,975)
Less: Cash and cash equivalents	6,002)	14,182)	11,615)	15,959)	17,914)	5,418)
Enterprise value (EV)	242,439)	210,045)	213,557)	318,276)	315,627)	311,557)

¹ Data adjusted for splits and stock dividends.

² Closing price as at the filing date of Walt Disney Co. Annual Report.

³ 2024 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 109.12 × 1,810,939,306

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.	Walt Disney Co. EV decreased from 2022 to 2023 but then increased from 2023 to 2024 exceeding 2022 level.

Walt Disney Co. (NYSE:DIS)

Enterprise Value (EV)