Economic Value Added is an indicator for measuring the value created for the stockholder. It is defined as the excess value that a business or business unit contributes after deducting the profit generated by the cost of financing the assets that are assigned to the business or business unit. EVA is calculated by finding the difference between a measure of profit (net operating profit) and the capital charge (economic capital x capital cost of the company). This provides an indicator of the company's management as a function of its economic performance and financial profitability. In this way, it analyses the perspectives of both the adviser and the stockholder.