Intrinsic Value

Pioneer High Income Fund, Inc. (PHT)

$6.55

+0.09 (+1.39%)

Enterprise Value -17,665.95
Net Debt 116.49
Equity Value -17,782.45
Shares Outstanding 29.24
Equity Value Per Share -608.06



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