Intrinsic Value

Pioneer Municipal High Income Advan... (MAV)

$8.15

+0.05 (+0.62%)

Enterprise Value -28.51
Net Debt -0.29
Equity Value -28.21
Shares Outstanding 23.91
Equity Value Per Share -1.18



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