Each one of the following is a method for directly measuring the value of a firm's equity except:

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Enterprise value is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. It includes not only the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet. It does not directly measure the value of a firm's equity alone, unlike the other methods listed.

Each One of the Following Is a Method for Directly