Net asset value (NAV) is the value of all an entity’s assets minus the value of all its liabilities and is expressed as a single number. NAV is especially relevant to open-end or mutual funds since their shares are redeemed at their net asset value. Net asset value may be stated as the value of the total equity, or it may be divided by the number of shares outstanding held by investors, in which case it is described as the net asset value per share.
Synonyms:
book value, NAV