Enterprise Value Market Cap, or EV/MC, is a business term used to measure the total value of a company. It is calculated by adding together the market capitalization—the number of outstanding shares multiplied by the price per share—plus debt, any preferred shares, and minority interest, minus cash and cash equivalents. By taking into account all these factors, EV/MC helps give a more comprehensive view of a company’s worth. Think of it as the ultimate measure of an organization’s true economic strength.