Intrinsic Value

Phillips 66 (PSX)

$150.75

-6.49 (-4.13%)

Enterprise Value 48,275.38
Net Debt 16,036
Equity Value 32,239.38
Shares Outstanding 453.21
Equity Value Per Share 71.14



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