Intrinsic Value
Royce Micro-Cap Trust, Inc. (RMT)
$8.49
-0.01 (-0.12%)
| Enterprise Value | -73.33 |
|---|---|
| Net Debt | 11 |
| Equity Value | -84.33 |
| Shares Outstanding | 43.76 |
| Equity Value Per Share | -1.93 |
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