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Net Asset Value

In stocks and businesses, an expression of the underlying value of the company. That is, it is a statement of the value of the company's assets minus the value of its liabilities. One way of thinking about the net asset value is that it is the underlying value of a company, not the value dictated by the supply and demand of shares or its market capitalization. It is also called the book value.


Net asset value (NAV).

The NAV is the dollar value of one share of a fund. It's calculated by totaling the value of all the fund's holdings plus money awaiting investment, subtracting operating expenses, and dividing by the number of outstanding shares.

A fund's NAV changes regularly, though day-to-day variations are usually small.

The NAV is the price per share an open-end mutual fund pays when you redeem, or sell back, your shares. With no-load mutual funds, the NAV and the offering price, or what you pay to buy a share, are the same. With front-load funds, the offering price is the sum of the NAV and the sales charge per share and is sometimes known as the maximum offering price (MOP).

The NAV of an exchange traded fund (ETF) or a closed-end mutual fund may be higher or lower than the market price of a share of the fund. With an ETF, though, the difference is usually quite small because of a unique mechanism that allows institutional investors to buy or redeem large blocks of shares at the NAV with in-kind baskets of the fund's stocks.

References in periodicals archive ?
1] Average annual total return at NAV represents the change in NAV of the Fund, with all distributions reinvested, for the 5-year period ended
Some were time-stamping fund purchase orders before the day's NAV was set, but holding them back until some potential market-moving information was available after the market's 4 p.
NAV estimates it will be required to contribute at least $141 million annually from 2013 to 2015.
The NAV includes a provision for any performance fee
The rating Outlook could eventually be changed to Stable if NAV is able to maintain production levels through the use of emissions credits and NCP's.
Fitch expects NAV will be able to end the current fiscal year with cash balances at least as high as at the end of fiscal 2008, and the company should be able to generate positive free cash flow even in a downside scenario, despite an expected increase in capital expenditures.
This product is going to revolutionize payroll for Dynamics NAV," says President of SimCrest, Carsten Howitz, "the ease of use, and the functionality of this product definitely add value to anyone that is using Dynamics NAV.
Ordinary shares As at close of business on 08-August-2013 NAV per share
As part of the agreement, NAV will join the VidSys Interoperability Partner (VIP) program, which enables customers to select products from any vendor within the program, and seamlessly integrate all of the technologies with the VidSys VidShield[TM] operations center management software platform.
business on 31-May-2012 NAV per Ordinary share (unaudited) with Debt at
Fitch's existing ratings on NAV and Navistar Financial Corp.
business on 30-May-2012 NAV per Ordinary share (unaudited) with Debt at