Intrinsic Value

Communications Systems, Inc. (JCS)

$ 10.3
0.56 5.75%

Enterprise Value -47.85
Net Debt -13.09
Equity Value -34.75
Shares Outstanding 9.44
Equity Value Per Share -3.68

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