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
Johnson & Johnson, MVA calculation
US$ in millions
Based on: 10-K (reporting date: 2024-12-29), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 Fair value of debt. See details »
2 Invested capital. See details »
| Item | Description | The company |
|---|---|---|
| MVA | Johnson & Johnson market (fair) value less invested capital. | Johnson & Johnson MVA decreased from 2022 to 2023 but then slightly increased from 2023 to 2024. |
MVA Spread Ratio
Johnson & Johnson, MVA spread ratio calculation, comparison to benchmarks
| Dec 29, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Market value added (MVA)1 | 307,502) | 306,339) | 328,251) | 359,722) | 357,726) | |
| Invested capital2 | 106,513) | 99,118) | 113,818) | 98,066) | 98,344) | |
| Performance Ratio | ||||||
| MVA spread ratio3 | 288.70% | 309.06% | 288.40% | 366.82% | 363.75% | |
| Benchmarks | ||||||
| MVA Spread Ratio, Competitors4 | ||||||
| AbbVie Inc. | 483.23% | 438.96% | 297.39% | 253.64% | 172.70% | |
| Amgen Inc. | 238.60% | 213.63% | 308.27% | 303.88% | 343.98% | |
| Bristol-Myers Squibb Co. | — | 100.64% | 160.91% | 138.81% | 109.83% | |
| Danaher Corp. | 123.11% | 157.62% | 156.95% | 187.44% | 172.97% | |
| Eli Lilly & Co. | 2,281.36% | 2,390.18% | 1,239.79% | 833.40% | 778.02% | |
| Gilead Sciences Inc. | — | 148.05% | 175.26% | 119.58% | 125.56% | |
| Merck & Co. Inc. | — | 412.35% | 312.72% | 223.02% | 292.93% | |
| Pfizer Inc. | — | 40.45% | 124.43% | 210.66% | 116.68% | |
| Regeneron Pharmaceuticals Inc. | 416.61% | 663.41% | 521.52% | 461.61% | 508.24% | |
| Thermo Fisher Scientific Inc. | 182.22% | 189.54% | 195.34% | 212.01% | 232.34% | |
| Vertex Pharmaceuticals Inc. | — | 712.26% | 484.09% | 564.91% | 575.24% | |
Based on: 10-K (reporting date: 2024-12-29), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 MVA. See details »
2 Invested capital. See details »
3 2024 Calculation
MVA spread ratio = 100 × MVA ÷ Invested capital
= 100 × 307,502 ÷ 106,513 = 288.70%
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. | Johnson & Johnson MVA spread ratio improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024 not reaching 2022 level. |
MVA Margin
Johnson & Johnson, MVA margin calculation, comparison to benchmarks
| Dec 29, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Market value added (MVA)1 | 307,502) | 306,339) | 328,251) | 359,722) | 357,726) | |
| Sales to customers | 88,821) | 85,159) | 94,943) | 93,775) | 82,584) | |
| Performance Ratio | ||||||
| MVA margin2 | 346.20% | 359.73% | 345.74% | 383.60% | 433.17% | |
| Benchmarks | ||||||
| MVA Margin, Competitors3 | ||||||
| AbbVie Inc. | 594.14% | 551.18% | 420.74% | 432.93% | 391.08% | |
| Amgen Inc. | 470.63% | 555.51% | 493.74% | 503.37% | 550.26% | |
| Bristol-Myers Squibb Co. | — | 151.08% | 250.01% | 240.26% | 232.86% | |
| Danaher Corp. | 380.02% | 517.54% | 389.99% | 468.46% | 507.10% | |
| Eli Lilly & Co. | 1,813.26% | 2,058.21% | 1,055.66% | 769.29% | 778.57% | |
| Gilead Sciences Inc. | — | 251.89% | 295.97% | 211.56% | 259.24% | |
| Merck & Co. Inc. | — | 479.92% | 390.05% | 323.90% | 349.01% | |
| Pfizer Inc. | — | 107.10% | 137.35% | 227.20% | 289.28% | |
| Regeneron Pharmaceuticals Inc. | 365.32% | 605.08% | 525.04% | 312.14% | 495.20% | |
| Thermo Fisher Scientific Inc. | 348.77% | 378.46% | 360.17% | 431.35% | 441.03% | |
| Vertex Pharmaceuticals Inc. | — | 955.82% | 714.32% | 700.10% | 754.94% | |
Based on: 10-K (reporting date: 2024-12-29), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 MVA. See details »
2 2024 Calculation
MVA margin = 100 × MVA ÷ Sales to customers
= 100 × 307,502 ÷ 88,821 = 346.20%
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. | Johnson & Johnson MVA margin ratio improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024 not reaching 2022 level. |