Here's a random question for the European-minded monkeys...
As an example, Fiat SpA has three share classes: ordinary, preference, and savings. I'm not familiar with non-US share structures. I'm guessing that when getting/coming to/from equity value from/to enterprise value, all share classes are lumped into an equity value total. If that's wrong, please let me know. My real question is, how do I calculate NAV for these European HoldCo's? I see the footnote describing allocation of dividends across the share types, but do I simply take company-level (i.e., total) NAV and divide by the total combined number of shares (ord+pref+sav) for NAV per share?
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