Enterprise Value (Historical)
Returns the historical enterprise value (EV) for a company. Enterprise value represents the total value of a company including market cap, debt, and excluding cash.
Formula
EV = Market Cap + Total Debt - Cash and Cash Equivalents
Parameters
| Parameter | Required | Description |
|---|---|---|
| Symbol | Yes | Stock ticker symbol |
| Year | Yes | Fiscal year or period code |
| Quarter | No | Quarter 1-4 |
| TTM | No | "TTM" for trailing twelve months |
Syntax
=hf_Enterprise_Value(Symbol, Year, [Quarter], [TTM])Parameters
symbolstringRequired
Stock ticker symbol
yearstringRequired
Fiscal year or period code
quarterstring
Calendar quarter (1-4)
TTMstring
Set to 'TTM' for trailing twelve months
Returns
number
Enterprise value in USD
Examples
=hf_Enterprise_Value("AAPL", 2023, 4)=hf_Enterprise_Value("MSFT", "ly")=hf_Enterprise_Value("GOOGL", 2023, , "TTM")When to Use
- Enterprise value analysis over time
- Historical valuation comparisons
- EV-based ratio calculations
- M&A analysis
When NOT to Use
| Scenario | Use Instead |
|---|---|
| Current enterprise value | EnterpriseValue() |
| EV/EBITDA ratio | hf_Enterprise_Value_over_EBITDA() |
| Market cap only | hf_Market_Capitalization() |
Common Issues & FAQ
Why is EV higher than market cap?
EV includes debt and subtracts cash. High debt increases EV above market cap.
What's included in enterprise value?
Market cap + total debt - cash and equivalents.
Excel Templates Using Enterprise Value (Historical)
These ready-made MarketXLS templates call hf_Enterprise_Value() in their worksheet formulas. Open one to see the function working inside a complete model.
Related Formulas
More MarketXLS Historical Fundamentals formulas you can use in the same worksheet:
Get Access to 1 Billion Usable Market data points IN YOUR EXCEL SHEETS WITH EASY TO USE EXCEL FUNCTIONS
Get started today
▶
How does MarketXLS work?