Stock Analysis on Net

GE Aerospace (NYSE:GE)

Enterprise Value (EV) 

Microsoft Excel

Current Enterprise Value (EV)

GE Aerospace, current enterprise value calculation

Microsoft Excel
Current share price (P) $239.37
No. shares of common stock outstanding 1,066,386,643
US$ in millions
Common equity (market value)1 255,261
Add: Preferred stock (per books)
Add: Noncontrolling interests (per books) 222
Total equity 255,483
Add: Short-term borrowings (per books) 2,039
Add: Long-term borrowings (per books) 17,234
Total equity and debt 274,756
Less: Cash, cash equivalents and restricted cash 13,619
Less: Investment securities 982
Enterprise value (EV) 260,155

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

1 Common equity (market value) = Share price × No. shares of common stock outstanding
= 239.37 × 1,066,386,643


Historical Enterprise Value (EV)

GE Aerospace, EV calculation

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Share price1, 2 $204.11 $136.54 $81.29 $96.83 $93.84
No. shares of common stock outstanding1 1,073,290,505 1,088,334,304 1,089,286,553 1,099,321,882 1,095,992,750
US$ in millions
Common equity (market value)3 219,069 148,601 88,548 106,447 102,848
Add: Preferred stock (book value) 6 6 6
Add: Noncontrolling interests (book value) 222 1,201 1,216 1,302 1,521
Total equity 219,291 149,802 89,770 107,755 104,375
Add: Short-term borrowings (book value) 2,039 1,253 3,757 4,361 4,778
Add: Long-term borrowings (book value) 17,234 19,711 28,593 30,824 70,288
Total equity and debt 238,564 170,766 122,120 142,940 179,441
Less: Cash, cash equivalents and restricted cash 13,619 16,967 17,262 15,770 36,630
Less: Investment securities 982 5,706 7,609 12,297 7,319
Enterprise value (EV) 223,963 148,093 97,249 114,873 135,492

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 GE Aerospace Annual Report.

3 2024 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 204.11 × 1,073,290,505

Common Equity (Market Value)
The common equity, measured by market value, experienced a decline from 2021 to 2022, decreasing from approximately 106,447 million USD to 88,548 million USD. However, this trend reversed significantly in the following years, with a substantial increase reaching 148,601 million USD in 2023 and further rising to 219,069 million USD in 2024. Overall, the data shows a strong recovery and growth in market valuation in the latter periods after a dip in 2022.
Total Equity
Total equity followed a pattern similar to common equity in market value terms. It decreased between 2021 and 2022 from 107,755 million USD to 89,770 million USD, before experiencing pronounced growth, reaching 149,802 million USD in 2023 and 219,291 million USD in 2024. This suggests improved financial position and possibly retained earnings or capital injections during the later years.
Total Equity and Debt
This combined measure declined notably from 179,441 million USD in 2020 to 122,120 million USD in 2022. It then reversed course with meaningful increases in both 2023 and 2024, rising to 170,766 million USD and 238,564 million USD, respectively. This reflects an expansion of the company’s overall capital structure, indicating either increased borrowing or equity financing in recent years.
Enterprise Value (EV)
Enterprise value followed a decreasing trend from 135,492 million USD in 2020 down to 97,249 million USD by 2022. After this decline, EV rebounded significantly, reaching 148,093 million USD in 2023 and continuing to increase to 223,963 million USD in 2024. The trend suggests fluctuating market perceptions of the company’s operational and financial value, with a marked recovery aligned with the growth seen in equity measures. Overall, the increase in EV from 2023 onward indicates enhanced investor confidence and business value.