GE Aerospace, current enterprise value calculation

Current share price (P)	$288.60
No. shares of common stock outstanding	1,048,813,612
US$ in millions
Common equity (market value)¹	302,688)
Add: Preferred stock (per books)	—)
Add: Noncontrolling interests (per books)	221)
Total equity	302,909)
Add: Short-term borrowings (per books)	1,686)
Add: Long-term borrowings (per books)	18,808)
Total equity and debt	323,403)
Less: Cash, cash equivalents and restricted cash	12,392)
Less: Investment securities	—)
Enterprise value (EV)	311,011)

Based on: 10-K (reporting date: 2025-12-31).

¹ Common equity (market value) = Share price × No. shares of common stock outstanding
= 288.60 × 1,048,813,612

GE Aerospace, EV calculation

	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Share price^1, 2	$298.86	$204.11	$136.54	$81.29	$96.83
No. shares of common stock outstanding¹	1,048,813,612	1,073,290,505	1,088,334,304	1,089,286,553	1,099,321,882
US$ in millions
Common equity (market value)³	313,448)	219,069)	148,601)	88,548)	106,447)
Add: Preferred stock (book value)	—)	—)	—)	6)	6)
Add: Noncontrolling interests (book value)	221)	222)	1,201)	1,216)	1,302)
Total equity	313,669)	219,291)	149,802)	89,770)	107,755)
Add: Short-term borrowings (book value)	1,686)	2,039)	1,253)	3,757)	4,361)
Add: Long-term borrowings (book value)	18,808)	17,234)	19,711)	28,593)	30,824)
Total equity and debt	334,163)	238,564)	170,766)	122,120)	142,940)
Less: Cash, cash equivalents and restricted cash	12,392)	13,619)	16,967)	17,262)	15,770)
Less: Investment securities	—)	982)	5,706)	7,609)	12,297)
Enterprise value (EV)	321,771)	223,963)	148,093)	97,249)	114,873)

Based on: 10-K (reporting date: 2025-12-31), 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).

¹ Data adjusted for splits and stock dividends.

² Closing price as at the filing date of GE Aerospace Annual Report.

³ 2025 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 298.86 × 1,048,813,612

The information presents a five-year trend of several financial metrics, including common equity market value, total equity, total equity and debt, and enterprise value. A consistent upward trend is observed across all metrics from 2021 to 2025, indicating increasing financial size and potentially investor confidence.

Enterprise Value (EV) Trend: Enterprise value demonstrates a notable increase over the period. Starting at US$114,873 million in 2021, it rises to US$321,771 million by 2025. This represents a substantial growth rate, suggesting expansion in the company’s operations, increased investment, or a higher valuation by the market. The growth appears to accelerate in the later years of the observed period.
Equity and Debt Relationship: Total equity and debt also exhibits a consistent upward trajectory, moving from US$142,940 million in 2021 to US$334,163 million in 2025. The increase in total equity and debt parallels the growth in enterprise value, suggesting that both equity financing and debt are contributing to the company’s expansion. The rate of increase in total equity and debt is generally consistent with the growth in enterprise value.
Common Equity vs. Total Equity: Common equity (market value) and total equity show a very similar pattern of growth, remaining closely aligned throughout the period. This indicates that changes in market valuation of common equity are largely reflected in the overall equity position. The difference between the two remains relatively small, suggesting limited other equity components.

The observed trends suggest a period of sustained growth and increasing financial strength. The consistent increases in enterprise value, coupled with the growth in both equity and debt, indicate a company actively expanding its operations and potentially benefiting from positive market conditions. The close relationship between common equity and total equity suggests a stable equity structure.

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GE Aerospace (NYSE:GE)

Enterprise Value (EV)

Current Enterprise Value (EV)

Historical Enterprise Value (EV)