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
T-Mobile US Inc., MVA calculation
US$ in millions
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 Fair value of debt. See details »
2 Invested capital. See details »
| Item | Description | The company |
|---|---|---|
| MVA | T-Mobile US Inc. market (fair) value less invested capital. | T-Mobile US Inc. MVA increased from 2021 to 2022 and from 2022 to 2023. |
MVA Spread Ratio
T-Mobile US Inc., MVA spread ratio calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Market value added (MVA)1 | 110,460) | 93,702) | 81,628) | 81,559) | 38,846) | |
| Invested capital2 | 186,258) | 186,262) | 184,079) | 177,902) | 73,081) | |
| Performance Ratio | ||||||
| MVA spread ratio3 | 59.31% | 50.31% | 44.34% | 45.84% | 53.16% | |
| Benchmarks | ||||||
| MVA Spread Ratio, Competitors4 | ||||||
| AT&T Inc. | -12.02% | -5.96% | -5.92% | 5.21% | 14.36% | |
| Verizon Communications Inc. | 11.71% | 11.26% | 45.66% | 67.24% | 78.41% | |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 MVA. See details »
2 Invested capital. See details »
3 2023 Calculation
MVA spread ratio = 100 × MVA ÷ Invested capital
= 100 × 110,460 ÷ 186,258 = 59.31%
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. | T-Mobile US Inc. MVA spread ratio improved from 2021 to 2022 and from 2022 to 2023. |
MVA Margin
T-Mobile US Inc., MVA margin calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Market value added (MVA)1 | 110,460) | 93,702) | 81,628) | 81,559) | 38,846) | |
| Revenues | 78,558) | 79,571) | 80,118) | 68,397) | 44,998) | |
| Add: Increase (decrease) in deferred revenue | 45) | (76) | (174) | 399) | (67) | |
| Adjusted revenues | 78,603) | 79,495) | 79,944) | 68,796) | 44,931) | |
| Performance Ratio | ||||||
| MVA margin2 | 140.53% | 117.87% | 102.11% | 118.55% | 86.46% | |
| Benchmarks | ||||||
| MVA Margin, Competitors3 | ||||||
| AT&T Inc. | -32.02% | -15.28% | -15.39% | 12.49% | 34.67% | |
| Verizon Communications Inc. | 26.61% | 24.82% | 99.10% | 129.83% | 131.21% | |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 MVA. See details »
2 2023 Calculation
MVA margin = 100 × MVA ÷ Adjusted revenues
= 100 × 110,460 ÷ 78,603 = 140.53%
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. | T-Mobile US Inc. MVA margin ratio improved from 2021 to 2022 and from 2022 to 2023. |