Calculate enterprise value from its components with the formula EV = market cap + total debt − cash and cash equivalents (+ non-controlling interests). Enter all figures in the same units (e.g. millions of rupiah).
Given a target EV (e.g. from a comparable valuation), find the implied market cap: MC = EV − total debt + cash − non-controlling interests.
Given EV and market cap, find the implied net debt: net debt = EV − market cap − non-controlling interests.
Without non-controlling interests, equity value equals market cap.
This comparison only compares EV figures and their components. It is not an investment suitability ranking.
Enterprise value is a measure of a company’s total value to all capital providers — shareholders and lenders. EV answers the question: what is the total cost to take over the whole company, pay off its debt, and take its cash. The formula: EV = market cap + total debt − cash and cash equivalents + non-controlling interests (if any).
The formula is EV = market cap + total debt − cash and cash equivalents + non-controlling interests. Example: market cap 1,000 + total debt 300 − cash 100 = EV 1,200 (in the same units, e.g. millions of rupiah). The calculator on this page computes it automatically in Mode 1.
Market cap is the market value of all outstanding shares — the value belonging to common shareholders. Enterprise value is the value of the whole company to all capital providers (equity + debt − cash). Equity value is the value of the equity claim = EV − net debt; without non-controlling interests it equals market cap. All three differ: market cap ignores debt and cash, while EV includes them.
Because EV is neutral to capital structure. Two companies with the same operating profit but different debt levels would look different if valued on market cap alone, even though their operating value is equivalent. Multiples like EV/EBITDA and EV/Sales use EV so cross-company comparisons stay apples-to-apples regardless of how much debt or cash there is.
Yes. If a company’s cash exceeds its total debt (negative net debt), EV becomes smaller than market cap. Example: market cap 2,000 + debt 100 − cash 500 = EV 1,600. This is common in cash-hoarding companies.
This calculator computes EV from its components (market cap + debt − cash) — the calculation direction from balance-sheet and market data. The EBITDA multiple calculator computes EV from the opposite direction: EV = EBITDA × multiple, a profit-based relative valuation approach. Both answer different questions and complement each other: use the EBITDA multiple calculator (https://nrtechstudio.com/tools/ebitda-multiple/) if your starting point is earnings and market multiples.
No. This calculator focuses on computing EV from components. Ratios like EV-to-Sales and EV/EBITDA are valuation multiples that use EV as the numerator and are built as separate tools to avoid overlapping scope.
No. The results are educational estimates based on the numbers you enter — not professional investment advice and not a recommendation to buy or sell any securities. Actual valuations involve accounting adjustments and assumptions not covered by this simple calculator. Consider consulting a licensed professional for investment decisions.
Scope limit: this calculator computes EV from components (market cap + debt − cash). For the reverse direction — computing EV from EBITDA × multiple — use the EBITDA Multiple Calculator. Ratios like EV-to-Sales and EV/EBITDA are built as separate tools.
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