Intrinsic Value

Alpha Pro Tech Ltd.

Alpha Pro Tech Ltd. (APT)

Basic Materials

Enterprise Value 55.46
Net Debt -7.26
Equity Value 62.72
Shares Outstanding 13.96
Equity Value Per Share 4.49

Because investors are more interested in the value of the company’s shares alone, we’ll deduct net debt from this value to arrive at a fair value of the company’s equity. Fair Value = Enterprise Value – Debt