标题: Equity: Market value of the firm and EV [打印本页] 作者: bcp901 时间: 2011-7-11 19:31 标题: Equity: Market value of the firm and EV
I have difficulty to connect some concept: Readh 44, page 569, 13.B
does market value of the firm only refer to market value of equity?
EV=MV of equity + MV of debt - cash and investment?
I thought value of the firm more refer to total asset of the firm.作者: liquidity 时间: 2011-7-11 19:31
your question is unclear. Enterprise value, as you correctly state it, is mkt val equity + mkt val debt minus cash. You don't include cash b/c we only want operating assets, not just cash sitting at the bank
