Meaning of "equity value"

In valuation of a public company, are there occasions when a quoted equity value figure only reflects the value of free-float stock instead of total outstanding shares. Is there anything like that? Is it ever done where after a valuation (say DCF for instance), someone says "(intrinsic) equity value of this company is X billion" and he is only referring to value of free-float alone?

4 Comments
 

Equity value = market cap in pubcos.

Sure you could value the float alone but why? Maybe on an S&T desk it might be useful (I have no clue why), but certainly not useful on an m&a desk.

 

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