Stock Analysis on Net

Lowe’s Cos. Inc. (NYSE:LOW)

Enterprise Value (EV) 

Microsoft Excel

Current Enterprise Value (EV)

Lowe’s Cos. Inc., current enterprise value calculation

Microsoft Excel
Current share price (P) $228.42
No. shares of common stock outstanding 559,706,540
US$ in millions
Common equity (market value)1 127,848
Add: Preferred stock, $5 par value, issued and outstanding: none (per books)
Total equity 127,848
Add: Short-term borrowings (per books)
Add: Current maturities of long-term debt (per books) 2,586
Add: Long-term debt, excluding current maturities (per books) 32,901
Total equity and debt 163,335
Less: Cash and cash equivalents 1,761
Less: Short-term investments 372
Enterprise value (EV) 161,202

Based on: 10-K (reporting date: 2025-01-31).

1 Common equity (market value) = Share price × No. shares of common stock outstanding
= 228.42 × 559,706,540


Historical Enterprise Value (EV)

Lowe’s Cos. Inc., EV calculation

Microsoft Excel
Jan 31, 2025 Feb 2, 2024 Feb 3, 2023 Jan 28, 2022 Jan 29, 2021 Jan 31, 2020
Share price1, 2 $232.89 $254.00 $190.53 $227.60 $181.89 $67.80
No. shares of common stock outstanding1 559,706,540 572,184,243 596,356,261 661,561,297 717,256,852 754,948,648
US$ in millions
Common equity (market value)3 130,350 145,335 113,624 150,571 130,462 51,186
Add: Preferred stock, $5 par value, issued and outstanding: none (book value)
Total equity 130,350 145,335 113,624 150,571 130,462 51,186
Add: Short-term borrowings (book value) 499 1,941
Add: Current maturities of long-term debt (book value) 2,586 537 585 868 1,112 597
Add: Long-term debt, excluding current maturities (book value) 32,901 35,384 32,876 23,859 20,668 16,768
Total equity and debt 165,837 181,256 147,584 175,298 152,242 70,492
Less: Cash and cash equivalents 1,761 921 1,348 1,133 4,690 716
Less: Short-term investments 372 307 384 271 506 160
Enterprise value (EV) 163,704 180,028 145,852 173,894 147,046 69,616

Based on: 10-K (reporting date: 2025-01-31), 10-K (reporting date: 2024-02-02), 10-K (reporting date: 2023-02-03), 10-K (reporting date: 2022-01-28), 10-K (reporting date: 2021-01-29), 10-K (reporting date: 2020-01-31).

1 Data adjusted for splits and stock dividends.

2 Closing price as at the filing date of Lowe’s Cos. Inc. Annual Report.

3 2025 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 232.89 × 559,706,540

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. Lowe’s Cos. Inc. EV increased from 2023 to 2024 but then slightly decreased from 2024 to 2025.