Intrinsic Value
PIMCO Municipal Income Fund III (PMX)
$7.54
+0.04 (+0.53%)
| Enterprise Value | -37.54 |
|---|---|
| Net Debt | 61.23 |
| Equity Value | -98.78 |
| Shares Outstanding | 33.41 |
| Equity Value Per Share | -2.96 |
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