Equity Value vs. Enterprise Value and Valuation Multiples

Learn how Equity Value and Enterprise Value change when a company issues debt, pays off debt, issues equity, and repurchases shares. By “Financial Modeling Training And Career Resources For Aspiring Investment Bankers“ The key point is that regardless of how a company is financed, its Enterprise Value - and Enterprise Value-based multiples - do NOT change. Equity Value, however, may change depending on its share count and any shares it issues or repurchases. So even when