Enterprise value

Market capitalization plus debt minus cash. It's roughly what a buyer would pay to own the whole business, taking over its debts and its cash.

Simple example

A company is worth $100 on the stock market, owes $30 and holds $10 of cash. Its enterprise value is $100 + $30 − $10 = $120.

$100Market cap+$30+ Debt−$10− Cash$120Enterprisevalue
Made-up numbers, for illustration only.