GE Aerospace, current enterprise value calculation

Current share price (P)	$206.98
No. shares of common stock outstanding	1,073,290,505
US$ in millions
Common equity (market value)¹	222,150)
Add: Preferred stock (per books)	—)
Add: Noncontrolling interests (per books)	222)
Total equity	222,372)
Add: Short-term borrowings (per books)	2,039)
Add: Long-term borrowings (per books)	17,234)
Total equity and debt	241,645)
Less: Cash, cash equivalents and restricted cash	13,619)
Less: Investment securities	982)
Enterprise value (EV)	227,044)

¹ Common equity (market value) = Share price × No. shares of common stock outstanding
= 206.98 × 1,073,290,505

GE Aerospace, EV calculation

	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Share price^1, 2	$204.11	$136.54	$81.29	$96.83	$93.84
No. shares of common stock outstanding¹	1,073,290,505	1,088,334,304	1,089,286,553	1,099,321,882	1,095,992,750
US$ in millions
Common equity (market value)³	219,069)	148,601)	88,548)	106,447)	102,848)
Add: Preferred stock (book value)	—)	—)	6)	6)	6)
Add: Noncontrolling interests (book value)	222)	1,201)	1,216)	1,302)	1,521)
Total equity	219,291)	149,802)	89,770)	107,755)	104,375)
Add: Short-term borrowings (book value)	2,039)	1,253)	3,757)	4,361)	4,778)
Add: Long-term borrowings (book value)	17,234)	19,711)	28,593)	30,824)	70,288)
Total equity and debt	238,564)	170,766)	122,120)	142,940)	179,441)
Less: Cash, cash equivalents and restricted cash	13,619)	16,967)	17,262)	15,770)	36,630)
Less: Investment securities	982)	5,706)	7,609)	12,297)	7,319)
Enterprise value (EV)	223,963)	148,093)	97,249)	114,873)	135,492)

¹ Data adjusted for splits and stock dividends.

² Closing price as at the filing date of GE Aerospace Annual Report.

³ 2024 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 204.11 × 1,073,290,505

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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.	GE Aerospace EV increased from 2022 to 2023 and from 2023 to 2024.

GE Aerospace (NYSE:GE)

Enterprise Value (EV)