Intrinsic Value

DTF Tax-Free Income 2028 Term Fund ... (DTF)

$10.75

-0.03 (-0.28%)

Enterprise Value 62.67
Net Debt -0.18
Equity Value 62.85
Shares Outstanding 7.03
Equity Value Per Share 8.94



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