Treasury Stock Method Context

I am going through technical guides and while I understand the steps behind the treasury stock method I have no idea how it fits into other topics. In the WSO guide it is within merger models section and in BIWS guide it is with Equity/Enterprise Value. How do diluted shares and options fit into those two?

Pretty confused and would greatly appreciate any help.

3 Comments
 
Best Response

When calculating total diluted shares you will need to use the treasury stock method to calculate the total number of shares created from in the money options and warrants. After adding these shares to the outstanding shares you can use the fully diluted share count for numerous things. For merger models it is used to calculate EPS (net income/fully diluted shares) and for enterprise value/equity value it is used to calculate the implicit stock price after a DCF.

 

Neque deserunt veniam ratione aspernatur eius. Eos aut ut aut. Debitis eius cum ipsa minus est aut.

Temporibus natus aut tempore architecto assumenda. Dolorem dolores quo necessitatibus dignissimos. Voluptates officia facere facere vel cupiditate reprehenderit magni. Eos voluptatem deserunt sunt aliquid eaque architecto.

Unde quae praesentium est non qui unde et veniam. Ipsam sed sint ullam aliquid aspernatur fugit. Id tempora totam fugiat consectetur est ea neque.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

Career Advancement Opportunities

August 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Morgan Stanley 08 97.8%
  • Goldman Sachs 02 97.3%

Overall Employee Satisfaction

August 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.4%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.3%

Professional Growth Opportunities

August 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 07 98.4%
  • Goldman Sachs 01 97.8%
  • JPMorgan No 97.3%

Total Avg Compensation

August 2026 Investment Banking

  • Vice President (16) $429
  • Associates (50) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (25) $178
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (75) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
kanon's picture
kanon
99.0
5
dosk17's picture
dosk17
98.9
6
Betsy Massar's picture
Betsy Massar
98.9
7
GameTheory's picture
GameTheory
98.9
8
CompBanker's picture
CompBanker
98.9
9
DrApeman's picture
DrApeman
98.9
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”