Intrinsic Value

ProShares UltraShort S&P500 (SDS)

$24.85

-0.40 (-1.58%)

Enterprise Value -1.81
Net Debt 7.11
Equity Value -8.92
Shares Outstanding 11.34
Equity Value Per Share -0.79



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