Professional intrinsic value · Asset value

Net asset value (NAV)

Revalues assets and liabilities at realizable economic value rather than historical cost; suited to asset-driven businesses.

Guide level: Practical
Output: Asset value

What question does this model answer?What remains for shareholders after assets and liabilities are marked to current economic value?

Core formula

NAV = fair value of assets − liabilities − minority interests − senior claims

How to interpret it

Revalues assets and liabilities at realizable economic value rather than historical cost; suited to asset-driven businesses.

The output should be read as a scenario or decision aid, not as a guaranteed price target. Compare it with at least one method based on different economic assumptions.

Practical workflow

Normalize the latest public financial and operating data.
Choose assumptions that match the company's economics and accounting structure.
Calculate conservative, base and optimistic cases where the method permits.
Compare the result with market pricing and an independent valuation method.
Document the assumptions that drive the largest changes in value.

Key limitation

Illiquidity, taxes, hidden liabilities and holding-company discounts can prevent NAV from being realized.

How Stockinsky uses it

Stockinsky uses this framework only when the company type and available data support it. Professional valuations expose assumptions, sources and warnings instead of presenting false precision.

References

Valuation outputs depend on public data and explicit assumptions. They cannot guarantee forecast accuracy and are not investment advice.