The enterprise value for a given year represents the value at the end of that fiscal year.
The figure for FY 2025 is an estimate based on analyst forecasts.
Enterprise value is calculated by taking the market capitalization, adding debt and minority interest, and subtracting cash and cash equivalents. Different sources may report slightly different values based on their specific calculation methodologies and the timing of data collection. For instance, other sources reported enterprise values for year-end 2020 between $693.2 billion and $733.6 billion. Similarly, for year-end 2024, other reported values were as high as $1.69 trillion. The trailing twelve months (TTM) enterprise value as of March 2025 was reported to be approximately $1.77 trillion.
