Enterprise value (EV)

Modified on Mon, 10 Aug, 2020 at 4:33 PM

Entreprise value (EV) is a measure of a company's total value. EV is calculated as the market capitalization plus debt, minority interest and preferred shares, minus total cash and cash equivalents.

 

Where do I find it?

Entreprise value is available in the Valuation section of the Market Data view under Company Data.

 

What do I need to know?

Entreprise value is more comprehensive than market capitalization, which only reflects the equity value of a company. Entreprise value can be thought of as the theoretical takeover price if the company were to bought. In the event of such a buyout, an acquirer would generally have to take on the company's debt, but would pocket its cash for itself.

Entreprise value is not a suitable metric for financial institutions (banks and insurance firms) because interest is a critical component of both revenue and expenses. Likewise, separating operating and financing activities is nearly impossible because interest, investments, and debt are related to the company’s core operations. For insurance firms, analysts tend to use the concept of embedded value, which unfortunately is not available on Infront Analytics.

On most views, you can click an EV figure to check the underlying calculation formula.

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