An arbitrary value a publicly-traded company assigns to its common stock on its financial statements. The stated value bears no relationship whatsoever to a stock's market value; however, in the event of liquidation it provides shareholders with some level of protection as the stated value shows that their stock does have some worth.
A value assigned to common stock by the firm's management for purposes of financial statements. Stated value, used in place of par value, is calculated on a per-share basis by dividing the stated capital resulting from a new issue of common stock by the number of new shares issued. Stated value is unrelated to the stock's market price and is of little importance to the shareholders.