With which instruments and formula are 'TR.PriceClose' and 'TR.EV' linked ?

lemaitre.alban
lemaitre.alban
in Eikon Data APIs

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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Best Answer

  • marcin.bunkowski
    marcin.bunkowski
    Answer ✓

    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.

Answers

  • lemaitre.alban
    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
    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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