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Implied Share Price

The per-share equity value derived from a valuation model.

Implied share price is calculated by dividing the model's equity value by shares outstanding. In a DCF, equity value is enterprise value minus net debt. In a comps model, equity value comes from applying peer multiples to the subject's fundamentals. Comparing implied price to market price reveals potential upside or downside.

Formula
Pimplied=Equity ValueShares OutstandingP_{implied} = \frac{\text{Equity Value}}{\text{Shares Outstanding}}