Intrinsic Value
Marcus & Millichap, Inc. (MMI)
$32.24
-0.11 (-0.34%)
| Enterprise Value | 628.68 |
|---|---|
| Net Debt | -83.01 |
| Equity Value | 711.69 |
| Shares Outstanding | 38.66 |
| Equity Value Per Share | 18.41 |
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