Intrinsic Value
Pzena Investment Management, Inc. (PZN)
$9.65
+0.04 (+0.42%)
| Enterprise Value | 165.84 |
|---|---|
| Net Debt | -70.81 |
| Equity Value | 236.65 |
| Shares Outstanding | 79.14 |
| Equity Value Per Share | 2.99 |
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