EV = Market Capitalization + Total Debt + Preferred Equity + Minority Interest – Cash and Cash Equivalents
Market Capitalization = Share Price × Diluted Shares Outstanding
Total Debt = Short-term Debt + Long-term Debt
Preferred Equity = Value of preferred stock, if any
Minority Interest = Non-controlling interest, if any
Cash and Cash Equivalents = Cash, cash equivalents, and sometimes short-term investments
Use the latest balance sheet and share price data
Adjust for excess cash or non-operating assets if needed
Verify whether lease liabilities are included based on the valuation method used