Stock Analysis on Net

NVIDIA Corp. (NASDAQ:NVDA)

$24.99

Enterprise Value (EV)

Microsoft Excel

Current Enterprise Value (EV)

NVIDIA Corp., 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, $.001 par value; none issued (per books)
Total equity
Add: Short-term debt (per books)
Add: Long-term debt (per books)
Total equity and debt
Less: Cash and cash equivalents
Less: Marketable securities
Enterprise value (EV)

Based on: 10-K (reporting date: 2026-01-25).

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


Historical Enterprise Value (EV)

NVIDIA Corp., EV calculation

Microsoft Excel
Jan 25, 2026 Jan 26, 2025 Jan 28, 2024 Jan 29, 2023 Jan 30, 2022 Jan 31, 2021
Share price1, 2
No. shares of common stock outstanding1
US$ in millions
Common equity (market value)3
Add: Preferred stock, $.001 par value; none issued (book value)
Total equity
Add: Short-term debt (book value)
Add: Long-term debt (book value)
Total equity and debt
Less: Cash and cash equivalents
Less: Marketable securities
Enterprise value (EV)

Based on: 10-K (reporting date: 2026-01-25), 10-K (reporting date: 2025-01-26), 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).

1 Data adjusted for splits and stock dividends.

2 Closing price as at the filing date of NVIDIA Corp. Annual Report.

3 2026 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= ×


The information presents a consistent pattern across several financial metrics from January 31, 2021, through January 26, 2026. A significant and sustained increase is observed in all reported values over the five-year period. Common equity (market value), total equity, total equity and debt, and enterprise value all demonstrate substantial growth.

Enterprise Value (EV) Trend
Enterprise value exhibits a pronounced upward trajectory, increasing from US$335.658 billion in 2021 to US$4,698.020 billion in 2026. The growth appears to accelerate in later years, with larger absolute increases between 2023 and 2026 compared to earlier periods. Specifically, the increase from 2023 to 2024 is US$1,107.555 billion, while the increase from 2024 to 2026 is US$3,029.535 billion.
Relationship between Equity and Debt
Total equity and debt consistently exceeds total equity across all reported years. The difference between these two values remains relatively small, suggesting a moderate level of debt financing. The gap widens slightly over time, increasing from US$6.963 billion in 2021 to US$8.468 billion in 2026, indicating a gradual increase in the proportion of debt relative to equity.
Common Equity and Total Equity
Common equity (market value) and total equity are reported as identical values for each year. This suggests that all equity is represented by common stock, with no preferred stock or other equity components included in the reported figures. The consistent alignment between these two metrics simplifies the interpretation of equity-related trends.

Overall, the information indicates a period of strong financial expansion. The substantial growth in enterprise value, coupled with the consistent increase in equity and debt, suggests positive market perception and potentially successful business operations. The accelerating growth in enterprise value in the later years warrants further investigation to understand the underlying drivers.