Intrinsic Value

Morningstar, Inc. (MORN)


+4.17 (+2.27%)

Enterprise Value 7,949.02
Net Debt 947
Equity Value 7,002.02
Shares Outstanding 42.90
Equity Value Per Share 163.22

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