Stock Analysis on Net
Stock Analysis on Net
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Lowe’s Cos. Inc. (NYSE:LOW)

Enterprise Value (EV)

Intermediate level

Current Enterprise Value (EV)

Lowe’s Cos. Inc., current enterprise value calculation

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Current share price (P) $211.31
No. shares of common stock outstanding 717,256,852
US$ in millions
Common equity (market value)1 151,564 
Add: Preferred stock, $5 par value, none issued and outstanding (per books) — 
Total equity 151,564 
Add: Short-term borrowings (per books) — 
Add: Current maturities of long-term debt (per books) 1,112 
Add: Long-term debt, excluding current maturities (per books) 20,668 
Total equity and debt 173,344 
Less: Cash and cash equivalents 4,690 
Less: Short-term investments 506 
Enterprise value (EV) 168,148 

Based on: 10-K (filing date: 2021-03-22).

1 Common equity (market value) = Share price × No. shares of common stock outstanding
= 211.31 × 717,256,852


Historical Enterprise Value (EV)

Lowe’s Cos. Inc., EV calculation

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Jan 29, 2021 Jan 31, 2020 Feb 1, 2019 Feb 2, 2018 Feb 3, 2017 Jan 29, 2016
Share price1, 2 $181.89 $67.80 $109.91 $84.59 $81.59 $75.67
No. shares of common stock outstanding1 717,256,852 754,948,648 795,922,717 825,766,281 857,332,918 897,438,629
US$ in millions
Common equity (market value)3 130,462  51,186  87,480  69,852  69,950  67,909 
Add: Preferred stock, $5 par value, none issued and outstanding (book value) —  —  —  —  —  — 
Total equity 130,462  51,186  87,480  69,852  69,950  67,909 
Add: Short-term borrowings (book value) —  1,941  722  1,137  510  43 
Add: Current maturities of long-term debt (book value) 1,112  597  1,110  294  795  1,061 
Add: Long-term debt, excluding current maturities (book value) 20,668  16,768  14,391  15,564  14,394  11,545 
Total equity and debt 152,242  70,492  103,703  86,847  85,649  80,558 
Less: Cash and cash equivalents 4,690  716  511  588  558  405 
Less: Short-term investments 506  160  218  102  100  307 
Enterprise value (EV) 147,046  69,616  102,974  86,157  84,991  79,846 

Based on: 10-K (filing date: 2021-03-22), 10-K (filing date: 2020-03-23), 10-K (filing date: 2019-04-02), 10-K (filing date: 2018-04-02), 10-K (filing date: 2017-04-04), 10-K (filing date: 2016-03-29).

1 Data adjusted for splits and stock dividends.

2 Closing price as at the filing date of Lowe’s Cos. Inc.’s Annual Report.

3 2021 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 181.89 × 717,256,852

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. Lowe’s Cos. Inc.’s EV decreased from 2019 to 2020 but then increased from 2020 to 2021 exceeding 2019 level.