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
Walmart Inc., MVA calculation
US$ in millions
Based on: 10-K (reporting date: 2025-01-31), 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31).
1 Fair value of debt. See details »
2 Invested capital. See details »
| Item | Description | The company |
|---|---|---|
| MVA | Walmart Inc. market (fair) value less invested capital. | Walmart Inc. MVA increased from 2023 to 2024 and from 2024 to 2025. |
MVA Spread Ratio
Walmart Inc., MVA spread ratio calculation, comparison to benchmarks
| Jan 31, 2025 | Jan 31, 2024 | Jan 31, 2023 | Jan 31, 2022 | Jan 31, 2021 | Jan 31, 2020 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Market value added (MVA)1 | 587,543) | 400,456) | 291,793) | 314,669) | 286,465) | 243,475) | |
| Invested capital2 | 161,279) | 155,389) | 149,558) | 156,225) | 164,411) | 167,329) | |
| Performance Ratio | |||||||
| MVA spread ratio3 | 364.30% | 257.71% | 195.10% | 201.42% | 174.24% | 145.51% | |
| Benchmarks | |||||||
| MVA Spread Ratio, Competitors4 | |||||||
| Costco Wholesale Corp. | — | 1,145.79% | 641.08% | 601.38% | 635.70% | 488.89% | |
| Target Corp. | 88.12% | 179.94% | 210.89% | 289.75% | 247.97% | 151.69% | |
Based on: 10-K (reporting date: 2025-01-31), 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31).
1 MVA. See details »
2 Invested capital. See details »
3 2025 Calculation
MVA spread ratio = 100 × MVA ÷ Invested capital
= 100 × 587,543 ÷ 161,279 = 364.30%
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. | Walmart Inc. MVA spread ratio improved from 2023 to 2024 and from 2024 to 2025. |
MVA Margin
Walmart Inc., MVA margin calculation, comparison to benchmarks
| Jan 31, 2025 | Jan 31, 2024 | Jan 31, 2023 | Jan 31, 2022 | Jan 31, 2021 | Jan 31, 2020 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Market value added (MVA)1 | 587,543) | 400,456) | 291,793) | 314,669) | 286,465) | 243,475) | |
| Net sales | 674,538) | 642,637) | 605,881) | 567,762) | 555,233) | 519,926) | |
| Performance Ratio | |||||||
| MVA margin2 | 87.10% | 62.31% | 48.16% | 55.42% | 51.59% | 46.83% | |
| Benchmarks | |||||||
| MVA Margin, Competitors3 | |||||||
| Costco Wholesale Corp. | — | 151.44% | 94.13% | 85.51% | 94.36% | 86.99% | |
| Target Corp. | 29.86% | 57.47% | 58.41% | 82.41% | 80.82% | 52.93% | |
Based on: 10-K (reporting date: 2025-01-31), 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31).
1 MVA. See details »
2 2025 Calculation
MVA margin = 100 × MVA ÷ Net sales
= 100 × 587,543 ÷ 674,538 = 87.10%
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. | Walmart Inc. MVA margin ratio improved from 2023 to 2024 and from 2024 to 2025. |