Intrinsic Value

Royce Micro-Cap Trust, Inc. (RMT)

$9.31

+0.11 (+1.20%)

Enterprise Value 125.68
Net Debt 1.90
Equity Value 123.78
Shares Outstanding 48.92
Equity Value Per Share 2.53



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