Intrinsic Value
The Progressive Corporation (PGR)
$212.2
-1.82 (-0.85%)
| Enterprise Value | 217,035.86 |
|---|---|
| Net Debt | 6,966.20 |
| Equity Value | 210,069.66 |
| Shares Outstanding | 587.50 |
| Equity Value Per Share | 357.57 |
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