General Motors Co., current enterprise value calculation

Current share price (P)	$47.89
No. shares of common stock outstanding	995,001,891
US$ in millions
Common equity (market value)¹	47,651)
Add: Noncontrolling interests (per books)	2,518)
Total equity	50,169)
Add: Short-term debt and current portion of long-term debt (per books)	39,432)
Add: Long-term debt, excluding current portion (per books)	90,300)
Total equity and debt	179,901)
Less: Cash and cash equivalents	19,872)
Less: Marketable debt securities	7,265)
Enterprise value (EV)	152,764)

¹ Common equity (market value) = Share price × No. shares of common stock outstanding
= 47.89 × 995,001,891

General Motors Co., EV calculation

	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Share price^1, 2	$50.04	$38.15	$39.32	$53.50	$54.88
No. shares of common stock outstanding¹	995,001,891	1,154,433,287	1,394,637,226	1,453,021,337	1,440,912,820
US$ in millions
Common equity (market value)³	49,790)	44,042)	54,837)	77,737)	79,077)
Add: Noncontrolling interests (book value)	2,518)	3,903)	4,135)	6,071)	4,647)
Total equity	52,308)	47,945)	58,972)	83,808)	83,724)
Add: Short-term debt and current portion of long-term debt (book value)	39,432)	38,968)	38,778)	33,720)	36,913)
Add: Long-term debt, excluding current portion (book value)	90,300)	82,773)	75,921)	75,659)	72,981)
Total equity and debt	182,040)	169,686)	173,671)	193,187)	193,618)
Less: Cash and cash equivalents	19,872)	18,853)	19,153)	20,067)	19,992)
Less: Marketable debt securities	7,265)	7,613)	12,150)	8,609)	9,046)
Enterprise value (EV)	154,903)	143,220)	142,368)	164,511)	164,580)

¹ Data adjusted for splits and stock dividends.

² Closing price as at the filing date of General Motors Co. Annual Report.

³ 2024 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 50.04 × 995,001,891

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.	General Motors Co. EV increased from 2022 to 2023 and from 2023 to 2024.

General Motors Co. (NYSE:GM)

Enterprise Value (EV)