Economic Book Value Details Dataset

Economic Book Value provides a better measure of "book" value. It is a cash flow-based measure of the no-growth value of a business. The basic formula is below.

NOPAT (Net Operating Profit After Tax)

/ Weighted Average Cost of Capital (WACC)

+ Excess Cash

+ Net Assets from Discontinued Operations

+ Fair Value of Unconsolidated Subsidiary Assets (non-operating)

+ Net Deferred Tax Liability

+ Net Deferred Compensation Assets

- Fair Value of Total Debt

- Fair Value of Preferred Capital

- Fair Value of Minority Interests

- Value of Outstanding ESO After-Tax

+ Pensions Net Funded Status

= Economic Book Value (EBV)

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