Read the accompanying article using DELL as an example of how to use this EBIT calculator to the fullest.
EBIT multiple calculation can be used for sum of the parts valuation.
Perform the same step for each part of the operating business and then sum it up to get the total value.
To get a normalized value, take the average or median across multiple years.
Enter the operating margin for each scenario.
Enter the EBIT multiple that you wish to use for each scenario. Look at comparable industry and competitor levels if you are unsure.
These are liabilities that are not found in the balance sheet. It can be found in the footnotes of the annual reports.
A quick way to search for this is to do a find for the term "off balance sheet" or "off-balance sheet" in the filings.
The lower the better. Simply price divided by the calculated intrinsic value of equity.