Market Value Added (MVA)
Market value added (MVA) is the difference between a firm fair value and its invested capital. MVA is a measure of the value a company has created in excess of the resources already committed to the enterprise.
MVA
Paramount Global, MVA calculation
US$ in millions
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
1 Fair value of debt. See details »
2 Invested capital. See details »
| Item | Description | The company |
|---|---|---|
| MVA | Paramount Global market (fair) value less invested capital. | Paramount Global MVA decreased from 2020 to 2021 and from 2021 to 2022. |
MVA Spread Ratio
Paramount Global, MVA spread ratio calculation, comparison to benchmarks
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Market value added (MVA)1 | (12,745) | 1,554) | 26,969) | 4,466) | 14,596) | |
| Invested capital2 | 44,287) | 45,938) | 41,069) | 37,244) | 15,419) | |
| Performance Ratio | ||||||
| MVA spread ratio3 | -28.78% | 3.38% | 65.67% | 11.99% | 94.66% | |
| Benchmarks | ||||||
| MVA Spread Ratio, Competitors4 | ||||||
| Alphabet Inc. | 533.88% | 988.84% | 800.47% | — | — | |
| Comcast Corp. | 23.22% | 50.36% | 64.16% | — | — | |
| Meta Platforms Inc. | 380.86% | 579.06% | 791.20% | — | — | |
| Netflix Inc. | 371.76% | 453.21% | 772.09% | — | — | |
| Walt Disney Co. | 34.30% | 103.57% | 101.22% | 96.61% | — | |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
1 MVA. See details »
2 Invested capital. See details »
3 2022 Calculation
MVA spread ratio = 100 × MVA ÷ Invested capital
= 100 × -12,745 ÷ 44,287 = -28.78%
4 Click competitor name to see calculations.
| Performance ratio | Description | The company |
|---|---|---|
| MVA spread ratio | The ratio of MVA to invested capital. It measures the efficiency with which investors’ capital investment has translated into a franchise value and into an aggregate net present value premium. | Paramount Global MVA spread ratio deteriorated from 2020 to 2021 and from 2021 to 2022. |
MVA Margin
Paramount Global, MVA margin calculation, comparison to benchmarks
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Market value added (MVA)1 | (12,745) | 1,554) | 26,969) | 4,466) | 14,596) | |
| Revenues | 30,154) | 28,586) | 25,285) | 27,812) | 14,514) | |
| Add: Increase (decrease) in deferred revenues | (140) | 80) | 212) | 165) | (10) | |
| Adjusted revenues | 30,014) | 28,666) | 25,497) | 27,977) | 14,504) | |
| Performance Ratio | ||||||
| MVA margin2 | -42.46% | 5.42% | 105.77% | 15.96% | 100.64% | |
| Benchmarks | ||||||
| MVA Margin, Competitors3 | ||||||
| Alphabet Inc. | 381.04% | 655.85% | 636.95% | — | — | |
| Comcast Corp. | 41.05% | 99.16% | 138.43% | — | — | |
| Meta Platforms Inc. | 332.57% | 454.84% | 744.17% | — | — | |
| Netflix Inc. | 443.50% | 529.22% | 912.25% | — | — | |
| Walt Disney Co. | 70.59% | 263.91% | 272.21% | 231.16% | — | |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
1 MVA. See details »
2 2022 Calculation
MVA margin = 100 × MVA ÷ Adjusted revenues
= 100 × -12,745 ÷ 30,014 = -42.46%
3 Click competitor name to see calculations.
| Performance ratio | Description | The company |
|---|---|---|
| MVA margin | The ratio of MVA to sales. It measures how efficiently and prodigiously sales translate into franchise value. | Paramount Global MVA margin ratio deteriorated from 2020 to 2021 and from 2021 to 2022. |