MOIC Calculator
Calculate multiple on invested capital from realised and unrealised value.
Calculated directly from the assumptions shown.
Continue in the full model.
Move from this screening result to the complete Preferred Equity Model.
Get the model · €49 incl. VATHow the MOIC calculation works
MOIC = (cash distributions + remaining investment value) ÷ invested capital.
Example calculation
€4.0m invested, €2.0m distributed and €5.0m of remaining value produces 1.75x MOIC.
How professionals use the result
Use MOIC for private-market investments where part of the value may remain unrealised. Distinguish realised and unrealised components.
Common mistakes
- Mixing enterprise value with equity value
- Ignoring follow-on capital
- Counting distributions inside remaining NAV
- Comparing gross and net MOIC
MOIC Calculator FAQs
What does the MOIC calculator measure?
Calculate multiple on invested capital from realised and unrealised value.
What formula does the MOIC calculator use?
MOIC = (cash distributions + remaining investment value) ÷ invested capital.
Is the result suitable for a final investment decision?
Use it as a transparent screening calculation. Validate deal-specific tax, timing, financing and legal assumptions in a complete underwriting model before making a decision.
Do I need an account?
No. The calculator is free and runs in your browser. FormulaPlanet does not store your projects, inputs or results.
Is any input sent publicly?
No calculation is public by default. A shareable link is only created when you explicitly choose to copy one; that link contains the assumptions shown in its URL.
Why might my spreadsheet give a different answer?
Differences usually come from timing, compounding, sign conventions, fees or a different definition of the numerator or denominator. Match every period and definition before comparing.
What should I review alongside this result?
Use MOIC for private-market investments where part of the value may remain unrealised. Distinguish realised and unrealised components.
Which mistakes are most common?
Mixing enterprise value with equity value; Ignoring follow-on capital; Counting distributions inside remaining NAV; Comparing gross and net MOIC.