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.
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- Cash Flow Statement
- Common-Size Income Statement
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Profitability Ratios
- Analysis of Geographic Areas
- Enterprise Value to EBITDA (EV/EBITDA)
- Net Profit Margin since 2005
- Return on Equity (ROE) since 2005
- Total Asset Turnover since 2005
- Price to Earnings (P/E) since 2005
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MVA
KLA Corp., MVA calculation
US$ in thousands
Based on: 10-K (reporting date: 2025-06-30), 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30).
1 Fair value of debt. See details »
2 Invested capital. See details »
The financial data indicates a consistent upward trend across all key metrics over the examined periods.
- Market (fair) value of KLA
- The market value has shown substantial growth, rising from approximately $34.96 billion in mid-2020 to around $124.05 billion by mid-2025. This represents a more than threefold increase over the five-year span, highlighting strong market confidence and valuation expansion.
- Invested Capital
- The invested capital also increased steadily from about $6.59 billion in 2020 to approximately $9.24 billion in 2025. Although the growth in invested capital is more moderate compared to market value, it reflects ongoing investment and commitment of resources to the company's operations.
- Market Value Added (MVA)
- The MVA, calculated as the difference between market value and invested capital, exhibited significant growth from roughly $28.37 billion in 2020 to nearly $114.80 billion in 2025. This indicates that the company's market value substantially exceeds its invested capital, with the gap widening considerably over time, suggesting increasing value creation for shareholders.
Overall, the data reveals a strong positive trajectory in market valuation and value creation relative to capital invested, signifying effective utilization of capital and growing investor confidence throughout the periods analyzed.
MVA Spread Ratio
KLA Corp., MVA spread ratio calculation, comparison to benchmarks
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Market value added (MVA)1 | |||||||
| Invested capital2 | |||||||
| Performance Ratio | |||||||
| MVA spread ratio3 | |||||||
| Benchmarks | |||||||
| MVA Spread Ratio, Competitors4 | |||||||
| Advanced Micro Devices Inc. | |||||||
| Analog Devices Inc. | |||||||
| Applied Materials Inc. | |||||||
| Broadcom Inc. | |||||||
| Intel Corp. | |||||||
| Lam Research Corp. | |||||||
| Micron Technology Inc. | |||||||
| NVIDIA Corp. | |||||||
| Qualcomm Inc. | |||||||
| Texas Instruments Inc. | |||||||
Based on: 10-K (reporting date: 2025-06-30), 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30).
1 MVA. See details »
2 Invested capital. See details »
3 2025 Calculation
MVA spread ratio = 100 × MVA ÷ Invested capital
= 100 × ÷ =
4 Click competitor name to see calculations.
The financial data reveals a consistent upward trajectory in the market value added (MVA) over the six-year period. The MVA increased from approximately 28.37 billion US dollars in June 2020 to about 114.80 billion US dollars in June 2025, indicating substantial value creation.
Invested capital also showed growth, though at a more moderate pace compared to MVA. Starting at around 6.59 billion US dollars in June 2020, invested capital rose steadily to roughly 9.24 billion US dollars by June 2025. This growth indicates ongoing capital investments but at a slower rate relative to value added.
The MVA spread ratio, representing the percentage difference between the market value added and invested capital, exhibited significant expansion. It increased from 430.36% in June 2020 to 1241.79% in June 2025. This ratio's rising trend suggests improving efficiency in generating market value relative to the amount of invested capital, reflecting a strengthened capacity for value creation over time.
- Market Value Added (MVA)
- Experienced strong growth throughout the period, more than quadrupling.
- Invested Capital
- Steadily increased, indicating ongoing investments but at a slower growth rate than MVA.
- MVA Spread Ratio
- Increased substantially, signaling enhanced value creation efficiency relative to invested capital.
MVA Margin
KLA Corp., MVA margin calculation, comparison to benchmarks
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Market value added (MVA)1 | |||||||
| Revenues | |||||||
| Add: Increase (decrease) in deferred system and service revenue | |||||||
| Adjusted revenues | |||||||
| Performance Ratio | |||||||
| MVA margin2 | |||||||
| Benchmarks | |||||||
| MVA Margin, Competitors3 | |||||||
| Advanced Micro Devices Inc. | |||||||
| Analog Devices Inc. | |||||||
| Applied Materials Inc. | |||||||
| Broadcom Inc. | |||||||
| Intel Corp. | |||||||
| Lam Research Corp. | |||||||
| Micron Technology Inc. | |||||||
| NVIDIA Corp. | |||||||
| Qualcomm Inc. | |||||||
| Texas Instruments Inc. | |||||||
Based on: 10-K (reporting date: 2025-06-30), 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30).
1 MVA. See details »
2 2025 Calculation
MVA margin = 100 × MVA ÷ Adjusted revenues
= 100 × ÷ =
3 Click competitor name to see calculations.
- Market Value Added (MVA)
- The market value added steadily increased over the analyzed periods, showing considerable growth from approximately 28.4 billion US dollars in June 2020 to about 114.8 billion US dollars in June 2025. This upward trend indicates a strengthening market perception and increasing enterprise value over time, with the most notable acceleration occurring after 2023.
- Adjusted Revenues
- Adjusted revenues demonstrated a general positive growth trajectory, rising from nearly 5.88 billion US dollars in June 2020 to an estimated 12.1 billion US dollars by June 2025. Despite a slight decline between 2023 and 2024, the overall pattern reflects increasing sales or adjusted income, suggesting improvements in operational performance or expanding market demand over the medium term.
- MVA Margin
- The MVA margin, expressed as a percentage, exhibited substantial fluctuations throughout the periods. It peaked at over 725% in 2021, then declined to approximately 562% in 2022, followed by moderate recovery to nearly 950% by 2025. This variability implies changing efficiency or profitability in converting revenues into market value, with overall performance strengthening notably toward the end of the period.