ZALIS GLOSSARY: net-asset-value-nav
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
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.