Stock Analysis on Net

Eaton Corp. plc (NYSE:ETN)

$24.99

Enterprise Value (EV)

Microsoft Excel

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Current Enterprise Value (EV)

Eaton Corp. plc, 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: Noncontrolling interests (per books)
Total equity
Add: Short-term debt (per books)
Add: Current portion of long-term debt (per books)
Add: Long-term debt, excluding current portion (per books)
Total equity and debt
Less: Cash
Less: Short-term investments
Enterprise value (EV)

Based on: 10-K (reporting date: 2024-12-31).

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


Historical Enterprise Value (EV)

Eaton Corp. plc, EV calculation

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Share price1, 2
No. shares of common stock outstanding1
US$ in millions
Common equity (market value)3
Add: Noncontrolling interests (book value)
Total equity
Add: Short-term debt (book value)
Add: Current portion of long-term debt (book value)
Add: Long-term debt, excluding current portion (book value)
Total equity and debt
Less: Cash
Less: Short-term investments
Enterprise value (EV)

Based on: 10-K (reporting date: 2024-12-31), 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).

1 Data adjusted for splits and stock dividends.

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

3 2024 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= ×


The financial data over the five-year period indicates a general upward trend followed by a slight decline in the latest year across several key metrics related to equity and overall company valuation.

Common equity (market value)
The market value of common equity increased steadily from US$52,820 million in 2020 to US$115,456 million in 2023, representing substantial growth over four years. However, in 2024, there is a small decline to US$113,829 million, signaling a slight pullback after the peak.
Total equity
Total equity values closely mirror the common equity trend, rising from US$52,863 million in 2020 to US$115,489 million in 2023 before decreasing marginally to US$113,872 million in 2024. This parallel movement suggests consistency between market valuation and book equity.
Total equity and debt
This broader metric also shows a rising trajectory from US$60,921 million in 2020 to US$124,758 million in 2023. Similar to equity figures, it declines slightly in 2024 to US$123,024 million, indicating that combined financing through equity and debt peaked in 2023 before a modest reduction.
Enterprise value (EV)
Enterprise value, reflecting the total company valuation including debt and excluding cash, demonstrates a comparable pattern: growth from US$59,819 million in 2020 to US$122,149 million in 2023, followed by a minor decrease to US$120,944 million in 2024. This trend aligns with other measures, indicating a peak corporate valuation in 2023 with slight softening in the subsequent year.

Overall, the data reveals strong growth in the company's financial valuation and equity base over the period from 2020 through 2023. The slight declines observed in 2024 across all metrics may suggest market or operational challenges impacting value temporarily after a period of expansion. The consistency in the movement across equity, total financing, and enterprise value measures points to coherent financial developments rather than isolated fluctuations.