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lemaitre.alban avatar image
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With which instruments and formula are 'TR.PriceClose' and 'TR.EV' linked ?

Hi,

On Eikon Python API, I'm trying to find out the exact instruments and calculation linking 'TR.EV' to 'TR.PriceClose'. I tried to subtract 'TR.NetDebt' to 'TR.EV' to have the Equity Value. And then to divide by 'TR.TtlCmnSharesOut', but I don't get 'TR.PriceClose' exactly.

I also tried to remove Minority Interest but I doesn't work neither.

I suspect I'm not using the good number of shares.

Can you help me ?

Thanks

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1 Answer

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marcin.bunkowski avatar image
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Hi @lemaitre.alban

Your question is more of a data explanation and should be answered by Refinitive Helpdesk team. I see that you have already a case opened but they were confused with the API request which really has nothing to do here as the answer is applicable for Eikon application as well. I will get in touch with them and ask to help you.

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lemaitre.alban avatar image lemaitre.alban

Hi @marcin.bunkowski,

Thanks for your reply. Indeed, I got in touch with the HelpDesk for this matter and they asked me to start a thread here.

Regards

Alex Putkov.1 avatar image Alex Putkov.1

Per explanation provided through the Helpdesk the relationship between TR.EV and TR.PriceClose is as follows.TR.EV=TR.CompanyMarketCap+TR.TotalDebtOutstanding+TR.MinorityInterestNonRedeemable-TR.CashandSTInvestments,
where TR.CompanyMarketCap=TR.SharesIssued*TR.PriceClose

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