Enterprise Value (Historical) Formula in Excel

Enterprise Value (Historical) provides a comprehensive measurement of a company's total value, going beyond just its market capitalization. With MarketXLS, the ?Enterprise Value (Historical)? formula helps you quickly retrieve and analyze a company’s historical enterprise value directly in Excel. This is particularly useful for investment analysis, financial modeling, and comparing valuations across time.

? Pro Tip: Historical fundamentals data requires a relevant MarketXLS subscription. Make sure your plan includes access to historical fundamentals.

Understanding Enterprise Value (Historical)

Enterprise Value (EV) is a key metric often used by investors to determine the total value of a company. Unlike market capitalization alone, it accounts for debt, cash, and other factors.

• Purpose and Use Cases

  • Valuing companies for mergers and acquisitions.
  • Comparing corporate worth across different time periods.
  • Assessing capital structure for investment decisions.

• Key Benefits

  • Includes debt and cash, making it a more holistic measure of value.
  • Facilitates a thorough comparative analysis of different companies’ valuations.
  • Works seamlessly in Excel with MarketXLS for quick retrieval of historical data.

• When to Use

  • Performing fundamental analysis on multiple stocks.
  • Creating long-term and historical financial models.
  • Comparing EV trends over quarters or years.

Syntax and Parameters

=hf_Enterprise_Value(Symbol, Year, [Quarter], [TTM])

?? Note: If MarketXLS cannot retrieve data or if there is an issue with your subscription, the function will return "NA."

Return Value

The function returns a numeric value representing the Enterprise Value for the specified historical period. If an error occurs or the data is not available, it returns “NA.”

Special Cases and Limitations

• If Symbol is invalid, the function returns “NA.”
• Requires a valid subscription to access historical fundamental data.
• Large, repeated calls to historical data can affect performance. Consider using caching or referencing cells to optimize speed.

Examples and Usage

Below are practical examples illustrating how to use the formula in different scenarios. You can reference a cell, pass a direct date string, or use Excel functions like TEXT().

• Basic Symbol Usage:

  • =hf_Enterprise_Value("MSFT", 2022)

• Specifying Quarter:

  • =hf_Enterprise_Value("MSFT", 2022, 2)

• Using Trailing Twelve Months (TTM):

  • =hf_Enterprise_Value("MSFT", 2022, 3, "TTM")

• Relative Periods (Last Quarter, Last Year, etc.):

  • =hf_Enterprise_Value("MSFT", "lq")
    =hf_Enterprise_Value("MSFT", "ly")
    =hf_Enterprise_Value("MSFT", "lt")

• Using Cell References and Date Formats:

  • =hf_Enterprise_Value(A1, "2024", 1)
    =hf_Enterprise_Value("MSFT", TEXT(A2,"yyyy"), TEXT(A3,"q"))
    =hf_Enterprise_Value("MSFT", "2024", "3")

• Different Symbol Formats:

  • =hf_Enterprise_Value("MSFT", 2022)
    =hf_Enterprise_Value("^SPX", 2022)
    =hf_Enterprise_Value("@MSFT 110122C00020000", 2022)
    =hf_Enterprise_Value("BTCUSD:DEFAULT", 2022)

? Pro Tip: When analyzing multiple years or quarters, place hf_Enterprise_Value calls in multiple cells referencing each year/quarter. This improves clarity and can reduce repetitive typing.

Common Questions

1. Why am I getting “NA” for certain symbols?
   Ensure the symbol is valid and your MarketXLS plan supports historical fundamental data for that security.

2. Can I use a specific date instead of a year/quarter?
   You can emulate specific dates by using Excel date functions:

   =hf_Enterprise_Value("MSFT", TEXT(A1,"yyyy"), TEXT(A1,"q"))

3. What if I want to compare different securities at once?
   Create a table in Excel listing your symbols and years/quarters, then reference each cell in your formula to retrieve values in bulk.

4. How is TTM computed in MarketXLS?
   MarketXLS sums data from the most recent 12-month period reported. For many companies, this aligns with their quarterly filings.

5. Does the function support non-U.S. equities?
   Yes, if MarketXLS provides fundamental data for them. Check your plan or contact support for data coverage details.

?? Note: Historical fundamental calculations may slightly differ due to varying reporting standards and data availability. Always cross-verify with official filings for critical decisions.