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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 ?
For the purpose of this report, the In-Dash Navigation Systems market refers to Geographical Positioning System (GPS) navigation unit that is built into the dashboard of the vehicle.
However, the market is facing some challenges which can inhibit the growth, such as, high cost of In-Dash Navigation Systems.
At the moment, the problem is still relatively small, but in a few years time, when everyone is using navigation systems, the consequences will be incalculable.
Figure 5-14: Worldwide - Demand for Telematics and Navigation Systems (in Billion Units), 2008e
In 2012, 3,852 models of passenger cars under 104 brands were on sale in the Chinese market, including 1,210 models equipped with navigation systems before launch, with the installation ratio of 31.
We are extremely pleased that the owners of the Lincoln Zephyr rated their Pioneer systems so well and we hope that many more consumers will soon be able to experience the benefits of having a navigation system from Pioneer in their vehicle.
30 /PRNewswire/ -- The Mitsubishi Electric navigation system in the 2008 Mitsubishi Lancer ranks highest in customer satisfaction with factory-installed navigation systems, according to the J.
Foray of New Market Entrants to Reduce Monopoly of Navigation System Providers
Speech-recognition technology allows motorists to instruct a navigation system where they want to go and then listen to the system tell them turn-by-turn directions using actual street names and named places.
Both systems are retailer-installed and will complete BMW's line of navigation technology, offering a navigation system for almost every BMW of the current and past model years.

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