Enterprise Value to Equity Value Bridge Calculator
ValuBridge starts with Enterprise Value and bridges to an indicative Equity Value using working capital, cash, debt and debt-like items and non-operating assets.
ValuBridge starts with Enterprise Value. It does not value operating performance itself — use ValuBase to estimate Enterprise Value first, then bring it here.
The bridge
The equity bridge formula
Equity Value = Enterprise Value + Working Capital Adjustment − Net Debt + Non-operating Assets
What the bridge covers
Enterprise Value input
The starting point for the bridge.
Current vs target working capital
Compare actual to a normalised level.
Working capital adjustment
Quantify the surplus or deficit.
Total cash
All cash and equivalents on the balance sheet.
Minimum operating cash
Cash retained for operations.
Cash credited
Cash distributable to sellers.
Debt & debt-like items
Interest-bearing and debt-like liabilities.
Non-operating assets
Assets outside the core business.
Net debt / net cash
The net position feeding the bridge.
Indicative Equity Value
The output of the bridge.
Balance-sheet classification
Clear treatment of each item.
Waterfall / report
A transparent, structured output.
Need an Enterprise Value first?
Start with ValuBase
If you don't yet have an Enterprise Value, ValuBase estimates one from maintainable EBITDA and a market multiple. Bring that Enterprise Value into ValuBridge to bridge to an indicative Equity Value.
Explore ValuBaseWhere ValuBridge fits
Part of a connected transaction workflow.
ValuBridge takes the Enterprise Value produced by ValuBase — or another appropriate valuation source — and converts it into an indicative Equity Value.
Explore ValuFundThe workflow
Build an equity bridge
Free to use. No account required. Outputs are indicative.