Intrinsic Value
Pioneer Floating Rate Fund, Inc. (PHD)
$9.58
+0.06 (+0.66%)
| Enterprise Value | 13.11 |
|---|---|
| Net Debt | 61.09 |
| Equity Value | -47.98 |
| Shares Outstanding | - |
| Equity Value Per Share | -Infinity |
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