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Enterprise Value Calculator

The price for the WHOLE business: market cap + debt − cash.

Also available in German: Enterprise-Value-Rechner →

Inputs

Market capitalization

Also called: Market cap, MVE (market value of equity)

Where to find it: Shown prominently on any stock overview page.

How to derive: Share price × shares outstanding.

Total debt

Also called: Interest-bearing debt, borrowings

Where to find it: Balance sheet: short-term + long-term borrowings (bonds, loans).

How to derive: Add short-term and long-term interest-bearing debt.

Cash & equivalents

Also called: Cash, liquid assets

Where to find it: Balance sheet, top of current assets.

How to derive: Cash + bank deposits + short-term investments.

Result, live

Enterprise value (m)
–
EV / market cap
–

EV is the basis for fair comparisons (EV/EBITDA, EV/Sales) because it prices in leverage - a debt-free business is worth more than a levered one with the same market cap.

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🔎 This valuation on real stocks

Currently below their fair value, valued with our full 21-model approach:

KDDIY +50%KDDI Corp PK 002001 +50%Zhejiang Nhu Co Ltd ABF +50%Associated British Foods PLC PEO +49%Bank Polska Kasa Opieki SA 000651 +118%Gree Electric Appliances Inc of Zhuhai IMB +111%Imperial Brands PLC AER +99%AerCap Holdings NV EIX +98%Edison International

Enterprise value (EV) is the price of the whole business, not just its shares: it adds the debt a buyer would inherit and subtracts the cash they would pocket. This calculator combines market cap, debt and cash in seconds — the true starting point for any takeover or peer comparison.

How the formula works

Start with market cap — the value of all shares. Add total financial debt, because whoever buys the company must repay it, then subtract cash, since the buyer gets it back immediately. What remains is the enterprise value.

EV = market cap + total debt − cash & equivalents

Example: A firm has a $10,000m market cap, $3,000m of debt and $1,200m of cash. EV = 10,000 + 3,000 − 1,200 = $11,800m. The buyer effectively pays 18% more than the share price suggests.

How to read the result

  • Ratio above 1 — the company carries net debt; EV is larger than market cap.
  • Ratio near 1 — debt and cash roughly cancel out.
  • Ratio below 1 — net cash on the books; EV is smaller than market cap, a cushion for owners.

What to watch out for

  • EV alone is not a verdict. It is a size, not a valuation — pair it with EBITDA or sales to judge cheap or dear.
  • Definitions of debt vary. Leases, pensions and minorities can belong in EV too.
  • Cash may be trapped. Money parked abroad or needed for operations is not always freely available.

Frequently asked questions

Why add debt and subtract cash?
Because a buyer takes on the debt and receives the cash. Two firms with the same market cap are not equally priced: the one loaded with debt actually costs more to own outright.
What counts as debt in the formula?
Interest-bearing financial debt — bank loans and bonds, short and long term. Many analysts also add leases and pension obligations, and subtract only truly free cash.
Where do I find debt and cash figures?
They sit on the latest balance sheet. In our Fair Value Calculator market cap, debt and cash are already on file for 35,000+ stocks — no typing required.

Not financial advice · No buy/sell recommendations · Past performance is not a guarantee of future results.