Executive & Board / Corporate Finance
Enterprise Value EV (TEV, Firm Value)
What it would cost to buy the whole business, equity plus the debt you assume, minus the cash you inherit.
The fork, why two teams get different numbers
EV is "market cap plus net debt," but every term forks.
In the Metric Library
- The full fork, both definitions worked all the way through
- The trap that makes the number lie, on a real export
- Every formula variant, spelled out
- The reconciliation anchor, what to tie it to and when to refuse
Reference: FASB ASC 842 (Leases) · CFA Institute (enterprise value and valuation multiples) · SEC Regulation S-X (balance-sheet classification)