Equity investing

Enterprise Value Calculator

Add market capitalization and total debt, then subtract cash, to find enterprise value, the cost of buying a whole business.

  • Free
  • No sign-up
  • Updated for 2026

Cap, debt & cash

$
$
$

Enter market cap, debt and cash to see enterprise value.

Worked example

With these example inputs:

  • Market capitalization$5,000
  • Total debt$2,000
  • Cash & equivalents$500

Enterprise value: $6,500

  • Market capitalization$5,000
  • Total debt$2,000
  • Cash & equivalents$500

Add this calculator to your site

Free to embed. Copy the snippet below, it drops the live calculator straight into any page.

What this enterprise value calculator does

This calculator finds a company's enterprise value. You enter market cap, total debt and cash. The tool then shows the result. It reveals the full cost to buy the business. This is a key valuation measure. You can run a few what-ifs. The result helps you value a firm.

What enterprise value is

Enterprise value is the total value of a business. It covers both equity and debt. It then nets out the cash. So it shows the real takeover cost. It is often shortened to EV. It is widely used in valuation. It is a fuller measure than market cap.

How it is calculated

The steps are simple to follow. You take the market capitalization. Then you add the total debt. Next you subtract the cash. That gives the enterprise value. The tool handles the math for you. It reflects the full buyout cost.

What enterprise value tells you

Enterprise value shows the true cost of a takeover. A buyer takes on the debt. A buyer also gains the cash. So debt adds and cash subtracts. It captures the whole capital structure. It is more complete than the share price. It is a clear valuation signal.

Why enterprise value matters

Enterprise value reveals the full price tag. It looks past the equity alone. So it suits comparing firms. It powers key valuation multiples. It guides takeover decisions. Analysts rely on it heavily. It is core to company valuation.

Enterprise value versus market cap

Market cap is just the equity value. Enterprise value adds debt and nets cash. Market cap ignores how the firm is financed. Enterprise value captures it. So two firms can share a market cap. Their enterprise values can still differ. Use EV for a fairer comparison.

Enterprise value in valuation multiples

Enterprise value feeds key multiples. The best known is EV to EBITDA. It compares value to operating profit. It works across capital structures. So it suits cross-company comparison. It is a staple of analysis. It helps spot cheap or dear firms.

How to use it

Enter the market cap first. Add the total debt next. Then add the cash and equivalents. Read the enterprise value at once. Try different figures. Compare a few firms. Use it to value a business.

What moves enterprise value

Several things move enterprise value. A higher share price lifts it. More debt raises it too. A bigger cash pile lowers it. Buybacks and payouts shift it. New borrowing changes it. So it moves with the balance sheet.

Common mistakes to avoid

A common mistake is using market cap alone. It ignores debt and cash. Another is forgetting to subtract cash. That overstates the value. Some use stale debt figures. Others mix up the inputs. A clear view avoids these traps.

A final tip

Use enterprise value for a fuller picture. Remember to add debt and net cash. Compare it with EV to EBITDA. Do not rely on market cap alone. Keep your debt and cash current. Compare firms on the same basis. Enterprise value shows the true cost.

Frequently asked questions

What is enterprise value?

Enterprise value is the total cost to acquire a company: its market capitalization plus debt, less the cash a buyer would inherit.

Why subtract cash?

A buyer can use the target's cash to help pay for it, so cash reduces the real price. That is why enterprise value nets it out.