medium · Investment Banking

When bridging from Equity Value to Enterprise Value, how should Noncontrolling Interests (NCI) and Equity Method Investments be treated to maintain consistency with EBITDA?

  1. Subtract NCI and add Equity Method Investments
  2. Add both NCI and Equity Method Investments
  3. Add NCI and subtract Equity Method Investments
  4. Ignore both as they are equity-related and captured in Market Cap

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