Enterprise Value Calculator
Total company value.
Calculate Enterprise Value for company valuation and acquisition analysis from market capitalisation, debt, cash, and minority interest.
What this tool does
Enterprise value represents the total economic value of a business from the perspective of all investors — both equity holders and debt holders. This calculator computes that figure by combining market capitalisation, total debt, and minority interest, then subtracting cash and equivalents, with optional adjustment for preferred equity. The result shows what an acquirer might theoretically pay to own the entire enterprise on a debt-free basis. Market capitalisation and total debt typically drive the largest movements in the final value. The calculator is useful for comparing companies of different sizes, analysing acquisition scenarios, or understanding how leverage and cash reserves affect overall valuation. Note that the calculation assumes balance sheet data is current and does not account for transaction costs, tax effects, or changes in working capital that would occur in a real acquisition.
Quick answer: with the default values, the result is $652,000,000.00 (Enterprise Value). Adjust the values below for your own figures.
Enter Values
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Formula Used
Disclaimer
Results are estimates for educational purposes only. They do not constitute financial advice. Consult a qualified professional before making financial decisions.
Enterprise Value (EV) measures the total value of a company including debt and excluding cash - the price an acquirer would actually pay. Formula: EV = Market Cap + Total Debt + Minority Interest + Preferred Equity - Cash. EV is the proper denominator for valuation multiples (EV/EBITDA, EV/Revenue) because it includes all capital sources.
Example: company with 500M market cap, 200M debt, 50M cash. EV = 500M + 200M - 50M = 650M. If EBITDA is 100M, that is an EV/EBITDA of 6.5x — higher than the 5x you would get from market cap alone, because EV includes the debt the acquirer would inherit.
Why EV matters more than market cap: two companies with identical market caps but different debt loads have very different acquisition costs. Apple with 3T market cap and net cash position has lower EV than market cap. Highly leveraged companies have EV much higher than market cap. EV/EBITDA or EV/Revenue suit cross-company comparisons, since market-cap multiples mislead when capital structures differ.
A worked example
With the defaults: market capitalisation of 500,000,000, total debt of 200,000,000, cash & equivalents of 50,000,000, minority interest of 1,000,000, preferred equity of 1,000,000. The tool returns 652,000,000.00. You can adjust any input and the result updates as you type — no submit button, no reload. That's the real power here: seeing how sensitive the output is to one or two assumptions.
What moves the number most
The result responds to Market Capitalisation, Total Debt, Cash & Equivalents, Minority Interest (optional), and Preferred Equity (optional). Not every input has equal weight. Adjusting one input at a time toward extreme values shows which ones move the result most.
The formula behind this
EV = market cap + total debt + minority interest + preferred equity - cash & equivalents. Everything the calculator does is shown in the formula box below, so you can check the math against your own spreadsheet if you want.
Where this fits in planning
This is a "what-if" tool, not a forecast. It helps to test ideas: what happens to enterprise value if debt rises, or if a cash pile is deployed. The value is in the scenarios you run, not the single answer you get from the defaults.
What this doesn't capture
This is a simplified model that holds its assumptions constant. Real outcomes vary with market conditions, costs, taxes, and timing, so the figure is best read as one scenario rather than a forecast.
£500,000,000 + £200,000,000 - £50,000,000 = $652,000,000.00.
Inputs
| Market Cap | $500,000,000.00 |
|---|---|
| Net Debt | $150,000,000.00 |
| Equity / EV | 76.69% |
| Gross Debt / EV | 30.67% |
This example uses typical values for illustration. Adjust the inputs above to match a specific situation and see how the result changes.
Sources & Methodology
Methodology
The calculator computes enterprise value by combining market capitalisation with claims senior to common equity, then subtracting liquid assets. Specifically, it adds market capitalisation, total debt, minority interest, and preferred equity, then deducts cash and cash equivalents. This approach treats the company as if all debt were repaid and all cash deployed, presenting the cost to acquire the operating business itself rather than its equity value alone. The model assumes debt and preferred equity values equal their book amounts, and treats minority interest as a fixed liability. It does not account for contingent liabilities, operating leases, deferred tax positions, or changes in working capital. Results represent a static valuation snapshot based on input values at a single point in time.
References
Frequently Asked Questions
Why subtract cash?
EV vs market cap?
EV/EBITDA vs P/E?
Typical EV/EBITDA multiples?
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