This document provides an overview of estimated breeding values (EBVs) for sheep and goat producers. EBVs quantify an animal's genetic merit for economically important traits and are calculated by the National Sheep Improvement Program (NSIP). NSIP accounts for environmental effects, heritability, genetic relationships between animals, and genetic correlations between traits to calculate EBVs. Producers can use EBVs to make more informed breeding decisions by selecting animals with above average EBVs for traits important to their operation and production system.