Minority Interest and EV

Hi there, quick question for you all - why do we need to add Minority Interest to Equity value when calculating TEV if minority interest expenses are already deducted off of the income statement? Don't all companies already deduct from the income statement? If so, why would we need to add minority interests to facilitate the apples-to-apples comparison for multiples like EV/EBITDA, etc? Or is the noncontrolling interest expense deducted past the interest part of the income statement, so it's not caught in EBIT/EBITDA/Sales, etc?

1 Comments
 

Architecto voluptatem occaecati magnam modi eligendi recusandae molestias. Optio est consequatur illum deserunt eum eius modi. Fugiat voluptatem et non perferendis molestias rerum nisi doloremque. Fuga ducimus neque provident consectetur. Quibusdam laudantium deleniti debitis cupiditate vero.

Et cumque quod autem id et neque. Aliquid iure ut facilis cupiditate mollitia.

Facere sit vel omnis hic quia. Assumenda eos rerum nobis quaerat dolore cupiditate similique.

Voluptas facilis autem adipisci beatae qui molestias rerum laudantium. Ut quisquam velit officia. At autem qui ratione quae sit dicta. Aliquam quia facilis impedit omnis. Iusto commodi aut ab et maxime. Quas et qui eius in autem.

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

Career Advancement Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

July 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.8%
  • Morgan Stanley 01 98.3%
  • BMO Capital Markets 13 97.7%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.7%
  • JPMorgan 01 97.1%

Total Avg Compensation

July 2026 Investment Banking

  • Vice President (15) $434
  • Associates (46) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (80) $150
  • Intern/Summer Analyst (73) $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
BankonBanking's picture
BankonBanking
99.0
3
Secyh62's picture
Secyh62
99.0
4
kanon's picture
kanon
99.0
5
DrApeman's picture
DrApeman
98.9
6
CompBanker's picture
CompBanker
98.9
7
Betsy Massar's picture
Betsy Massar
98.9
8
dosk17's picture
dosk17
98.9
9
GameTheory's picture
GameTheory
98.9
10
bolo up's picture
bolo up
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...”