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
NVIDIA Corp., MVA calculation
US$ in millions
Based on: 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-26), 10-K (reporting date: 2019-01-27).
1 Fair value of debt. See details »
2 Invested capital. See details »
| Item | Description | The company |
|---|---|---|
| MVA | NVIDIA Corp. market (fair) value less invested capital. | NVIDIA Corp. MVA decreased from 2022 to 2023 but then increased from 2023 to 2024 exceeding 2022 level. |
MVA Spread Ratio
NVIDIA Corp., MVA spread ratio calculation, comparison to benchmarks
| Jan 28, 2024 | Jan 29, 2023 | Jan 30, 2022 | Jan 31, 2021 | Jan 26, 2020 | Jan 27, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Market value added (MVA)1 | 1,646,894) | 554,744) | 638,783) | 324,792) | 177,435) | 85,478) | |
| Invested capital2 | 31,144) | 21,396) | 18,075) | 13,232) | 14,224) | 4,812) | |
| Performance Ratio | |||||||
| MVA spread ratio3 | 5,288.00% | 2,592.75% | 3,534.07% | 2,454.59% | 1,247.43% | 1,776.46% | |
| Benchmarks | |||||||
| MVA Spread Ratio, Competitors4 | |||||||
| Advanced Micro Devices Inc. | — | 370.13% | 119.87% | 2,219.60% | 2,281.37% | 1,656.68% | |
| Analog Devices Inc. | — | 117.77% | 103.56% | 117.94% | 210.89% | 164.19% | |
| Applied Materials Inc. | — | 671.06% | 515.59% | 815.05% | 555.54% | 482.20% | |
| Broadcom Inc. | — | 780.15% | 327.92% | 373.47% | 237.74% | 168.52% | |
| Intel Corp. | — | 136.50% | 56.17% | 138.47% | 204.49% | 286.44% | |
| KLA Corp. | — | 749.44% | 664.92% | 735.85% | 430.36% | 274.54% | |
| Lam Research Corp. | — | 510.18% | 411.90% | 697.09% | 503.38% | 326.52% | |
| Micron Technology Inc. | — | 65.44% | 17.24% | 80.72% | 54.74% | 45.95% | |
| ON Semiconductor Corp. | — | 242.64% | 312.72% | 289.98% | 209.73% | 87.91% | |
| Qualcomm Inc. | — | 331.81% | 372.61% | 739.14% | 815.45% | 438.33% | |
| Texas Instruments Inc. | — | 565.70% | 853.39% | 887.48% | 1,141.98% | 946.70% | |
Based on: 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-26), 10-K (reporting date: 2019-01-27).
1 MVA. See details »
2 Invested capital. See details »
3 2024 Calculation
MVA spread ratio = 100 × MVA ÷ Invested capital
= 100 × 1,646,894 ÷ 31,144 = 5,288.00%
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. | NVIDIA Corp. MVA spread ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level. |
MVA Margin
NVIDIA Corp., MVA margin calculation, comparison to benchmarks
| Jan 28, 2024 | Jan 29, 2023 | Jan 30, 2022 | Jan 31, 2021 | Jan 26, 2020 | Jan 27, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Market value added (MVA)1 | 1,646,894) | 554,744) | 638,783) | 324,792) | 177,435) | 85,478) | |
| Revenue | 60,922) | 26,974) | 26,914) | 16,675) | 10,918) | 11,716) | |
| Add: Increase (decrease) in deferred revenue | 765) | 70) | 51) | 250) | 63) | 70) | |
| Adjusted revenue | 61,687) | 27,044) | 26,965) | 16,925) | 10,981) | 11,786) | |
| Performance Ratio | |||||||
| MVA margin2 | 2,669.76% | 2,051.27% | 2,368.93% | 1,919.01% | 1,615.83% | 725.25% | |
| Benchmarks | |||||||
| MVA Margin, Competitors3 | |||||||
| Advanced Micro Devices Inc. | — | 944.62% | 297.25% | 836.71% | 1,019.76% | 838.80% | |
| Analog Devices Inc. | — | 422.86% | 388.08% | 757.72% | 685.43% | 502.84% | |
| Applied Materials Inc. | — | 449.88% | 297.74% | 520.10% | 422.74% | 334.35% | |
| Broadcom Inc. | — | 1,364.98% | 613.42% | 879.58% | 656.07% | 447.69% | |
| Intel Corp. | — | 231.83% | 78.99% | 155.07% | 215.26% | 320.84% | |
| KLA Corp. | — | 595.30% | 562.17% | 725.25% | 482.13% | 383.29% | |
| Lam Research Corp. | — | 444.18% | 298.83% | 497.71% | 492.91% | 285.01% | |
| Micron Technology Inc. | — | 225.16% | 29.56% | 135.02% | 108.00% | 76.12% | |
| ON Semiconductor Corp. | — | 321.21% | 351.98% | 325.29% | 274.96% | 109.25% | |
| Qualcomm Inc. | — | 291.70% | 248.18% | 445.16% | 615.38% | 387.14% | |
| Texas Instruments Inc. | — | 729.45% | 748.35% | 793.86% | 1,023.69% | 793.53% | |
Based on: 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-26), 10-K (reporting date: 2019-01-27).
1 MVA. See details »
2 2024 Calculation
MVA margin = 100 × MVA ÷ Adjusted revenue
= 100 × 1,646,894 ÷ 61,687 = 2,669.76%
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. | NVIDIA Corp. MVA margin ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level. |