Net Asset Value - NAV

Net Asset Value - NAV

1. In the context of mutual funds, the total value of the fund's portfolio less liabilities. The NAV is usually calculated on a daily basis.

2. In terms of corporate valuations, the book value of assets less liabilities.

Notes:

The NAV is usually below the market price because the current value of the fund's assets are higher than the historical financial statements used in the NAV calculation.

See also: Mutual Fund, NAV per share, Outstanding Shares