Stock Analysis on Net
Stock Analysis on Net
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General Electric Co. (NYSE:GE)

Enterprise Value (EV)

Intermediate level

Current Enterprise Value (EV)

General Electric Co., current enterprise value calculation

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Current share price (P) $6.12
No. shares of common stock outstanding 8,753,289,000
US$ in millions
Common equity (market value)1 53,570 
Add: Preferred stock (per books)
Add: Noncontrolling interests (per books) 1,545 
Total equity 55,121 
Add: Short-term borrowings (per books) 22,072 
Add: Non-recourse borrowings of consolidated securitization entities (per books) 1,655 
Add: Long-term borrowings (per books) 67,155 
Total equity and debt 146,003 
Less: Cash, cash equivalents and restricted cash 36,394 
Less: Investment securities 48,521 
Enterprise value (EV) 61,088 

Based on: 10-K (filing date: 2020-02-24).

1 Common equity (market value) = Share price × No. shares of common stock outstanding
= 6.12 × 8,753,289,000


Historical Enterprise Value (EV)

General Electric Co., EV calculation

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Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Share price1, 2 $11.86 $10.66 $14.49 $30.19 $29.40
No. shares of common stock outstanding1 8,740,232,000 8,705,080,100 8,682,576,000 8,724,783,000 9,330,607,330
US$ in millions
Common equity (market value)3 103,659  92,796  125,811  263,401  274,320 
Add: Preferred stock (book value)
Add: Noncontrolling interests (book value) 1,545  20,500  17,723  1,662  1,864 
Total equity 105,210  113,302  143,540  265,069  276,190 
Add: Short-term borrowings (book value) 22,072  12,849  24,036  30,714  49,892 
Add: Non-recourse borrowings of consolidated securitization entities (book value) 1,655  1,875  1,980  417  3,083 
Add: Long-term borrowings (book value) 67,155  95,234  108,575  105,080  145,301 
Total equity and debt 196,092  223,260  278,131  401,280  474,466 
Less: Cash, cash equivalents and restricted cash 36,394  35,020  43,299  48,129  70,483 
Less: Investment securities 48,521  33,835  38,696  44,313  31,973 
Enterprise value (EV) 111,177  154,405  196,136  308,838  372,010 

Based on: 10-K (filing date: 2020-02-24), 10-K (filing date: 2019-02-26), 10-K (filing date: 2018-02-23), 10-K (filing date: 2017-02-24), 10-K (filing date: 2016-02-26).

1 Data adjusted for splits and stock dividends.

2 Closing price as at the filing date of General Electric Co.’s Annual Report.

3 2019 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 11.86 × 8,740,232,000

Item Description The company
EV Enterprise value is total company value (the market value of common equity, debt, and preferred equity) minus the value of cash and short-term investments. General Electric Co.’s EV decreased from 2017 to 2018 and from 2018 to 2019.