Valuation
Business Enterprise Valuation
Valuing the total enterprise — operations and capital structure together — distinct from a single class of equity.
Overview
Business enterprise valuation (BEV) focuses on the value of the business as a whole — its operations and capital structure together — rather than a specific equity interest held by one party.
This distinction matters in engagements involving multiple classes of securities, complex capital structures, or where enterprise value needs to be allocated across different stakeholders or instruments.
When This Applies
- Engagements involving multiple classes of equity or debt
- Transactions where enterprise value needs to be separated from equity value
- Capital structure analysis
- Situations requiring a distinction between operating value and ownership-interest value
Typically Includes
- Enterprise-level financial and operational analysis
- Capital structure review
- Allocation methodology appropriate to the engagement
- A written report distinguishing enterprise value from equity value where relevant
Discuss This Engagement