Koyfin logo
Koyfin
Create
Roadmap
Feedback
Community Questions
2
Voters
B
Burnt sienna Stingray
V
Vivacious Kite
Powered by Canny
Why does EV not equal Mkt Cap + Net Debt always?
complete
V
Vivacious Kite
August 4, 2025
member badge
Conor MacNeil
marked this post as
complete
·
August 11, 2025
·
Reply
member badge
Conor MacNeil
Capital IQ, the vendor of this data, uses Implied Market cap (this is data for BWIN). Here is how they calculate Net Debt, EV, and Market Cap. They add minority interest to net debt to get EV.
·
August 5, 2025
·
Reply
S
Shamrock Wolf
Conor MacNeil
Which is the correct way of determining EV. ✅
·
August 8, 2025
·
Reply
Powered by Canny