Stock Analysis on Net

Broadcom Inc. (NASDAQ:AVGO)

$24.99

Enterprise Value (EV)

Microsoft Excel

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Current Enterprise Value (EV)

Broadcom Inc., current enterprise value calculation

Microsoft Excel
Current share price (P)
No. shares of common stock outstanding
US$ in millions
Common equity (market value)1
Add: Preferred stock, $0.001 par value; none issued and outstanding (per books)
Total equity
Add: Short-term debt (per books)
Add: Long-term debt, excluding current portion (per books)
Total equity and debt
Less: Cash and cash equivalents
Enterprise value (EV)

Based on: 10-K (reporting date: 2025-11-02).

1 Common equity (market value) = Share price × No. shares of common stock outstanding
= ×


Historical Enterprise Value (EV)

Broadcom Inc., EV calculation

Microsoft Excel
Nov 2, 2025 Nov 3, 2024 Oct 29, 2023 Oct 30, 2022 Oct 31, 2021 Nov 1, 2020
Share price1, 2
No. shares of common stock outstanding1
US$ in millions
Common equity (market value)3
Add: Preferred stock, $0.001 par value; none issued and outstanding (book value)
Total equity
Add: Short-term debt (book value)
Add: Long-term debt, excluding current portion (book value)
Total equity and debt
Less: Cash and cash equivalents
Enterprise value (EV)

Based on: 10-K (reporting date: 2025-11-02), 10-K (reporting date: 2024-11-03), 10-K (reporting date: 2023-10-29), 10-K (reporting date: 2022-10-30), 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-11-01).

1 Data adjusted for splits and stock dividends.

2 Closing price as at the filing date of Broadcom Inc. Annual Report.

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


The analysis of the annual financial data reveals significant growth and fluctuations across key financial metrics over the six-year period.

Common Equity (Market Value) and Total Equity
Both common equity (market value) and total equity exhibit a strong upward trend overall. Starting at approximately 176.8 billion US dollars in 2020, the figures initially increased to 262.2 billion in 2021 but then decreased somewhat to 232.3 billion in 2022. From 2022 onward, there was a sharp and continuous rise reaching 1,564.1 billion by 2025. This pattern indicates a period of modest decline followed by substantial growth, reflecting an overall improvement in shareholders' equity and potentially the company’s market valuation or retained earnings.
Total Equity and Debt
Total equity and debt also follow a pattern that mirrors the equity values, starting at 217.8 billion in 2020, rising to nearly 302 billion in 2021, and then decreasing to roughly 271.8 billion in 2022. From 2022 to 2025, there is a marked increase, peaking at approximately 1,629.2 billion. This progression suggests an expanded capital base, incorporating both equity and debt financing, with substantial growth in leverage or overall capitalization after 2022.
Enterprise Value (EV)
The enterprise value, representing the market value of equity plus debt minus cash, follows a similar trajectory. Starting at 210.2 billion in 2020, EV increased to 289.7 billion in 2021, then declined to 259.4 billion in 2022. From 2022 through 2025, EV escalated sharply to approximately 1,613 billion. This rise indicates increasing investor confidence, expansion of operational assets, or growth expectations factored into the firm's valuation.

In summary, the financial metrics demonstrate an initial expansion from 2020 to 2021, a contraction in 2022, and a pronounced acceleration in growth through 2025. The simultaneous increases in equity, total capital (equity plus debt), and enterprise value suggest a comprehensive strengthening of the company's financial position and market valuation during the latter years. The data points to an overall positive performance trajectory, with expanding capitalization and asset base after a brief period of moderation.