Intrinsic Value

Tortoise Midstream Energy Fund, Inc... (NTG)

$38.3

+0.65 (+1.73%)

Enterprise Value 309.25
Net Debt 39.73
Equity Value 269.52
Shares Outstanding 5.09
Equity Value Per Share 52.92



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