Intrinsic Value

Commerce Bancshares, Inc. (CBSH)

$53.85

+0.75 (+1.41%)

Enterprise Value 10,230.14
Net Debt 228.06
Equity Value 10,002.08
Shares Outstanding 130.07
Equity Value Per Share 76.90



Because investors are more interested in the value of the company’s shares alone, we’ll deduct net debt from this value to arrive at a fair value of the company’s equity. Fair Value = Enterprise Value – Debt