Google overtakes Apple in ‘Enterprise Value’, $342B vs $339B

Google has now overtaken Apple in ‘Enterprise Value,’ a key measure of the value of a company, reports Seeking Alpha.

While Apple’s market capitalisation (the total value of all its shares) remains higher, this value includes $141B in cash. Enterprise Value deducts any cash held by a company as – if you were wealthy enough to buy Apple – you effectively immediately get that back from the price you paid. EV is thus considered a better measure of the underlying value the market places on a company.

By this measure, the market reckons Apple is worth $339B, while Google is now valued at $342B.