Intrinsic Value

Sprott Physical Gold Trust (PHYS)

$17.985

-0.03 (-0.14%)

Enterprise Value -
Net Debt -25.48
Equity Value -
Shares Outstanding 400.23
Equity Value Per Share -



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