NVIDIA Corp., current enterprise value calculation

Current share price (P)	$111.43
No. shares of common stock outstanding	24,400,000,000
US$ in millions
Common equity (market value)¹	2,718,892)
Add: Preferred stock, $.001 par value; none issued (per books)	—)
Total equity	2,718,892)
Add: Short-term debt (per books)	—)
Add: Long-term debt (per books)	8,463)
Total equity and debt	2,727,355)
Less: Cash and cash equivalents	8,589)
Less: Marketable securities	34,621)
Enterprise value (EV)	2,684,145)

¹ Common equity (market value) = Share price × No. shares of common stock outstanding
= 111.43 × 24,400,000,000

NVIDIA Corp., EV calculation

	Jan 26, 2025	Jan 28, 2024	Jan 29, 2023	Jan 30, 2022	Jan 31, 2021	Jan 26, 2020
Share price^1, 2	$131.28	$67.47	$23.29	$26.45	$13.72	$7.72
No. shares of common stock outstanding¹	24,400,000,000	25,000,000,000	24,700,000,000	25,100,000,000	24,800,000,000	24,480,000,000
US$ in millions
Common equity (market value)³	3,203,232)	1,686,750)	575,263)	663,895)	340,256)	188,986)
Add: Preferred stock, $.001 par value; none issued (book value)	—)	—)	—)	—)	—)	—)
Total equity	3,203,232)	1,686,750)	575,263)	663,895)	340,256)	188,986)
Add: Short-term debt (book value)	—)	1,250)	1,250)	—)	999)	—)
Add: Long-term debt (book value)	8,463)	8,459)	9,703)	10,946)	5,964)	1,991)
Total equity and debt	3,211,695)	1,696,459)	586,216)	674,841)	347,219)	190,977)
Less: Cash and cash equivalents	8,589)	7,280)	3,389)	1,990)	847)	10,896)
Less: Marketable securities	34,621)	18,704)	9,907)	19,218)	10,714)	1)
Enterprise value (EV)	3,168,485)	1,670,475)	572,920)	653,633)	335,658)	180,080)

¹ Data adjusted for splits and stock dividends.

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

³ 2025 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 131.28 × 24,400,000,000

Download chart

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 increased from 2023 to 2024 and from 2024 to 2025.

NVIDIA Corp. (NASDAQ:NVDA)

Enterprise Value (EV)