Formula:
MktCap + PfdEquity + NonControlInt + DbtTot - CashEquiv
Note that this is an estimate. In the real world, firms are often acquired at prices that reflect premiums above enterprise value. Also, it is possible for an extremely cash-heavy company to have a negative enterprise value (i.e. the market is, for one reason or another, not paying attention to the full amount of cash). In the latter case, we show Enterprise Value and Enterprise Value per share as NA.
Finally, note that the calculation of the per-share presentation of enterprise value uses non-diluted shares.