NVIDIA Corp., current enterprise value calculation

Current share price (P)	$147.01
No. shares of common stock outstanding	24,490,000,000
US$ in millions
Common equity (market value)¹	3,600,275)
Add: Preferred stock, $.001 par value; none issued (per books)	—)
Total equity	3,600,275)
Add: Short-term debt (per books)	1,250)
Add: Long-term debt (per books)	8,459)
Total equity and debt	3,609,984)
Less: Cash and cash equivalents	7,280)
Less: Marketable securities	18,704)
Enterprise value (EV)	3,584,000)

¹ Common equity (market value) = Share price × No. shares of common stock outstanding
= 147.01 × 24,490,000,000

NVIDIA Corp., EV calculation

	Jan 28, 2024	Jan 29, 2023	Jan 30, 2022	Jan 31, 2021	Jan 26, 2020	Jan 27, 2019
Share price^1, 2	$67.47	$23.29	$26.45	$13.72	$7.72	$3.89
No. shares of common stock outstanding¹	25,000,000,000	24,700,000,000	25,100,000,000	24,800,000,000	24,480,000,000	24,240,000,000
US$ in millions
Common equity (market value)³	1,686,750)	575,263)	663,895)	340,256)	188,986)	94,294)
Add: Preferred stock, $.001 par value; none issued (book value)	—)	—)	—)	—)	—)	—)
Total equity	1,686,750)	575,263)	663,895)	340,256)	188,986)	94,294)
Add: Short-term debt (book value)	1,250)	1,250)	—)	999)	—)	—)
Add: Long-term debt (book value)	8,459)	9,703)	10,946)	5,964)	1,991)	1,988)
Total equity and debt	1,696,459)	586,216)	674,841)	347,219)	190,977)	96,282)
Less: Cash and cash equivalents	7,280)	3,389)	1,990)	847)	10,896)	782)
Less: Marketable securities	18,704)	9,907)	19,218)	10,714)	1)	6,640)
Enterprise value (EV)	1,670,475)	572,920)	653,633)	335,658)	180,080)	88,860)

¹ Data adjusted for splits and stock dividends.

² Closing price as at the filing date of NVIDIA Corp. Annual Report.

³ 2024 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 67.47 × 25,000,000,000

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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.	NVIDIA Corp. EV decreased from 2022 to 2023 but then increased from 2023 to 2024 exceeding 2022 level.

NVIDIA Corp. (NASDAQ:NVDA)

Enterprise Value (EV)