Net Asset Value (NAV)

valuation

Net asset value is the per-share value of a fund, calculated by dividing total assets minus liabilities by the number of outstanding shares. Mutual funds are priced at NAV once daily, while ETF prices can differ from NAV during trading hours. A significant premium or discount to NAV may indicate market inefficiency.

Related Terms

Assets Under Management (AUM) Exchange-Traded Fund (ETF) Expense Ratio

See this concept in action → ETF Comparison