Stock Analysis on Net

IQVIA Holdings Inc. (NYSE:IQV)

$22.49

This company has been moved to the archive! The financial data has not been updated since November 1, 2023.

Enterprise Value (EV)

Microsoft Excel

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Current Enterprise Value (EV)

IQVIA Holdings Inc., 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: Non-controlling interests (per books)
Total equity
Add: Current portion of long-term debt (per books)
Add: Current finance lease liabilities (per books)
Add: Long-term debt, less current portion (per books)
Add: Long-term finance lease liabilities (per books)
Total equity and debt
Less: Cash and cash equivalents
Less: Investments in debt, equity and other securities
Enterprise value (EV)

Based on: 10-K (reporting date: 2022-12-31).

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


Historical Enterprise Value (EV)

IQVIA Holdings Inc., EV calculation

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Share price1, 2
No. shares of common stock outstanding1
US$ in millions
Common equity (market value)3
Add: Non-controlling interests (book value)
Total equity
Add: Current portion of long-term debt (book value)
Add: Current finance lease liabilities (book value)
Add: Long-term debt, less current portion (book value)
Add: Long-term finance lease liabilities (book value)
Total equity and debt
Less: Cash and cash equivalents
Less: Investments in debt, equity and other securities
Enterprise value (EV)

Based on: 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), 10-K (reporting date: 2018-12-31).

1 Data adjusted for splits and stock dividends.

2 Closing price as at the filing date of IQVIA Holdings Inc. Annual Report.

3 2022 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= ×


The financial data reveals several key trends over the five-year period ending in 2022. There is a generally upward trajectory in both equity measures and overall capital structure, with some variations in later years.

Common Equity (Market Value)
The market value of common equity increased steadily from $27,958 million in 2018 to a peak of $44,227 million in 2021. However, in 2022, there was a slight decline to $42,165 million, indicating a minor reversal after several years of growth.
Total Equity
Total equity follows a similar pattern as common equity, rising from $28,198 million in 2018 to $44,227 million in 2021, before decreasing to $42,165 million in 2022. This close alignment suggests limited changes in equity components other than common equity.
Total Equity and Debt
The aggregate of equity and debt demonstrates a consistent increase from $39,205 million in 2018 to $56,538 million in 2021. A moderate decrease to $55,141 million occurs in 2022, which may reflect changes in debt levels or equity adjustments.
Enterprise Value (EV)
Enterprise value rises steadily from $38,267 million in 2018 to $55,061 million in 2021, mirroring the trend in total capital. The EV then declines modestly to $53,832 million in 2022.

Summarizing the observations, the company exhibited strong growth in market capitalization and capital base from 2018 through 2021, accompanied by increasing enterprise value. The peak in 2021 across these financial metrics suggests a period of expansion or increased investor valuation. The slight downturn in both equity and enterprise value in 2022 could signify market adjustments, shifts in investor sentiment, or alterations in capital structure. Overall, the trends reflect sustained growth with a recent moderation in 2022.