What it would cost to buy the whole business: what its shares are worth, plus the debt the buyer inherits, minus the cash already sitting in the accounts.
企业价值
| Move变动 | Where it appeared出现位置 | What it means这句话在说什么 |
|---|---|---|
| $115bn | Why a chip designer paid $115 billion for a laser maker 企业价值 · 第 1 张术语卡 | The headline is $115 billion of enterprise value, not of market value. For a company with debt, the first number is always the bigger one. 企业价值（EV）比市值更接近「真实身价」，因为买公司的人会把债务一起买走。同行业比较时用 EV/EBITDA，比市盈率更抗资本结构的干扰：两家公司一家全靠股、一家全靠债，市盈率会失真，EV 倍数不会。 |