Stock Analysis on Net

Analog Devices Inc. (NASDAQ:ADI)

$24.99

Enterprise Value (EV)

Microsoft Excel

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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: 2024-11-02).

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 2, 2024 Oct 28, 2023 Oct 29, 2022 Oct 30, 2021 Oct 31, 2020 Nov 2, 2019
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: 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), 10-K (reporting date: 2019-11-02).

1 Data adjusted for splits and stock dividends.

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

3 2024 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= ×


The analysis of the annual financial data reveals notable trends in equity and enterprise value over the six-year period.

Common Equity (Market Value) and Total Equity
Both common equity (market value) and total equity display identical values each year, indicating that total equity is exclusively composed of common equity. There is a substantial upward trend from 2019 to 2024. Starting at approximately $42.3 billion in 2019, equity increased significantly to nearly $108.7 billion by 2024. The most pronounced growth occurred between 2020 and 2021, when the value almost doubled from about $50.6 billion to $95 billion. A slight decline can be observed in 2022, but this was followed by recovery and further growth in 2023 and 2024.
Total Equity and Debt
The combined total of equity and debt also demonstrates a general upward trajectory, rising from around $47.8 billion in 2019 to roughly $116.3 billion in 2024. The growth trend aligns with that of equity, albeit at a higher level due to the inclusion of debt. Similar to equity, there is a notable increase from 2020 to 2021, followed by a decline in 2022, and a subsequent increase in the following years. This pattern suggests a coordinated expansion in the company's capital structure, with both equity and debt increasing over time, though with some year-to-year variability.
Enterprise Value (EV)
Enterprise value followed a comparable trend to total equity and debt, indicating that market perceptions and capital structure changes moved in tandem. EV increased from approximately $47.2 billion in 2019 to about $113.9 billion in 2024. The increase between 2020 and 2021 was particularly strong, mirroring the surge in equity and total capital. A slight dip is visible in 2022, after which EV recovered and continued to grow into 2024. This pattern underlines the close correlation between enterprise value and the company’s total invested capital over the period under review.