Are these companies really bargains?

Market capitalisation is frequently used to ascertain the size of a listed company. It is obtained by multiplying the share price by the numbers of shares. Some investors think that the market cap denotes what one needs to pay to buy a company. But that's not always true. If you want to buy a listed company, you need to pay the enterprise value (EV). It is calculated as EV = Market cap + Market value of debt - cash and equivalents To put this simply, you won't pay just the market cap but also the debt owed by the company. This outgo would be adjusted against the cash held by the company. What if a company's EV is at a significant discount to its market cap? Isn't that a bargain? Not really. The table lists companies whose EVs are at a 50 per cent discount to their ma