CFA Level 2 | Equity: What is Enterprise Value?

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CFA Level 2
Topic: Equity Valuation
Reading: Market-Based Valuation Price and Enterprise Value Multiples
When asked what enterprise value is, most would say that the cash is used to reduce debt in the event of an acquisition.
There is another view to the enterprise value that candidates should know about...
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[@TheCzempijan]

Well done! Clear and concise.

[@FabianMoa]

Thanks!

[@purudate4049]

Value of Core operating assets may not be equal to Enterprise Value. Because, we replace the book value of equity with market value of equity. How do you explain?