Enterprise value calculator
Enterprise value (EV) is the value of a company's operations to all capital providers: EV = equity value + total debt + preferred stock + minority interest − cash and equivalents. Dividing EV by EBITDA gives the EV/EBITDA multiple.
Your inputs
Enter equity value, total debt, cash and equivalents to see the result.
Inputs
- Equity value
- What shareholders' equity is worth.
- Debt, preferred, minority interest
- Other claims on the business.
- Cash
- Subtracted because it is not needed for operations.
- EBITDA
- Optional, for the multiple.
Outputs
- Enterprise value
- Enterprise value
- Net debt
- Net debt
- EV/EBITDA
- EV/EBITDA
How it is calculated
EV = equity value + debt + preferred stock + minority interest − cash
Worked example (illustrative)
Illustrative only: equity $10,000, debt $3,000, preferred $500, minority interest $200 and cash $1,200 give EV of $12,500.
Assumptions and limitations
- Treats all cash as excess; deals often agree a minimum operating cash level.
- Debt-like items (leases, deferred revenue) need judgment.
- For private companies, equity value is itself an estimate.
Questions and answers
Why subtract cash?
A buyer of the whole company effectively gets the cash back.
What is net debt?
Total debt minus cash.
Is EV the purchase price?
EV is the headline value; the equity price paid adjusts for debt, cash and working capital.
Why use EV/EBITDA?
Both measure the whole business before financing, so they match.
Sources
Content reviewed October 9, 2026 by the SourceX Partnerships Team. Results are calculated in your browser; nothing you type is stored.