Stock Analysis on Net

Analog Devices Inc. (NASDAQ:ADI)

$24.99

Enterprise Value (EV)

Microsoft Excel

Current Enterprise Value (EV)

Analog Devices Inc., current enterprise value calculation

Microsoft Excel
Current share price (P)
No. shares of common stock outstanding
US$ in thousands
Common equity (market value)1
Add: Preferred stock, $1.00 par value, none outstanding (per books)
Total equity
Add: Debt, current (per books)
Add: Commercial paper notes (per books)
Add: Long-term debt, excluding current (per books)
Total equity and debt
Less: Cash and cash equivalents
Less: Short-term investments
Enterprise value (EV)

Based on: 10-K (reporting date: 2025-11-01).

1 Common equity (market value) = Share price × No. shares of common stock outstanding
= ×


Historical Enterprise Value (EV)

Analog Devices Inc., EV calculation

Microsoft Excel
Nov 1, 2025 Nov 2, 2024 Oct 28, 2023 Oct 29, 2022 Oct 30, 2021 Oct 31, 2020
Share price1, 2
No. shares of common stock outstanding1
US$ in thousands
Common equity (market value)3
Add: Preferred stock, $1.00 par value, none outstanding (book value)
Total equity
Add: Debt, current (book value)
Add: Commercial paper notes (book value)
Add: Long-term debt, excluding current (book value)
Total equity and debt
Less: Cash and cash equivalents
Less: Short-term investments
Enterprise value (EV)

Based on: 10-K (reporting date: 2025-11-01), 10-K (reporting date: 2024-11-02), 10-K (reporting date: 2023-10-28), 10-K (reporting date: 2022-10-29), 10-K (reporting date: 2021-10-30), 10-K (reporting date: 2020-10-31).

1 Data adjusted for splits and stock dividends.

2 Closing price as at the filing date of Analog Devices Inc. Annual Report.

3 2025 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= ×


The financial data reveals a progressive increase in the company's equity and valuation over the analyzed periods. Common equity (market value) demonstrated a general upward trend, nearly doubling from approximately 50.6 billion US dollars in 2020 to over 123.4 billion US dollars by 2025. This signifies enhanced shareholder value and potentially reflects positive market sentiment or improved financial performance.

Total equity mirrors the pattern of common equity precisely, indicating that the equity base reported is fully accounted for by common equity without preferred shares or other equity components influencing the total.

Total equity and debt combined also show steady growth throughout the years, rising from about 55.7 billion US dollars in 2020 to nearly 132.0 billion US dollars in 2025. The growth in this combined figure suggests an increase in the company's capitalization, including both its equity and debt financing, which could imply increased investment in assets or expansion activities funded partly through debt.

Enterprise value (EV), which takes into account market capitalization plus debt and less cash, follows a trajectory consistent with the other metrics, increasing from roughly 54.7 billion US dollars in 2020 to about 128.3 billion US dollars in 2025. The closeness of EV to total equity and debt values indicates that the company's cash and cash equivalents may be relatively stable or moderate in relation to its overall capital structure.

Overall, the data points to robust growth in market capitalization and total capitalization (equity plus debt), reflecting an expanding company valuation and potentially increasing investor confidence. The patterns also suggest that the company's leverage level, as measured by the relationship between debt and equity, has been managed without abrupt fluctuations, supporting stable financial structure throughout the period.