Intrinsic Value
Pioneer High Income Fund, Inc. (PHT)
$7.335
+0.03 (+0.34%)
| Enterprise Value | -92,692.77 |
|---|---|
| Net Debt | 106 |
| Equity Value | -92,798.77 |
| Shares Outstanding | 29.34 |
| Equity Value Per Share | -3,162.70 |
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