Intrinsic Value

Bank of America Corporation

Bank of America Corporation (BAC)

Financial Services

Enterprise Value 321,667.23
Net Debt -520,371.50
Equity Value 842,038.73
Shares Outstanding 10,236.90
Equity Value Per Share 82.26

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