The formula to calculate the earned media value (EMV) is:
\[ EMV = UR \times \frac{CPM}{1000} \times \frac{CR}{100} \]
Where:
Earned media value is a measure of the engagement with social media content of a specific company or brand that was generated by a third party, which is most often an advertising agency. The true formula for earned media value has not been agreed upon by experts in the field, but the formula above is one such way.
Let's assume the following values:
Using the formula to calculate the earned media value (EMV):
\[ EMV = UR \times \frac{CPM}{1000} \times \frac{CR}{100} = 50000 \times \frac{10}{1000} \times \frac{5}{100} = 50000 \times 0.01 \times 0.05 = 25 \]
The Earned Media Value (EMV) is $25.