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NAV per share calculator

By Jude Wallis

Net asset value per share is assets minus liabilities, divided by shares. $500,000,000 of assets less $2,000,000 of liabilities leaves $498,000,000 of equity. Across 10,000,000 shares, NAV is $49.80.

NAV per share

$49.80

Net assets $498,000,000.00 across 10,000,000 shares.

Assets
$500,000,000.00
Equity for shareholders
$498,000,000.00
NAV per share
$49.80
$

Holdings, cash, and accrued assets.

$

Accrued expenses and amounts payable.

Fund shares in issue.

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The formula

NAV per share=assets−liabilitiesshares\text{NAV per share}=\frac{\text{assets}-\text{liabilities}}{\text{shares}}

Subtract liabilities from assets to get equity, then divide that equity by shares outstanding.

Find equity before dividing

$500,000,000 of assets minus $2,000,000 of liabilities is $498,000,000 of equity. Divide by 10,000,000 shares to get $49.80. How NAV works gives the fund context.

A second fund balance

$100,000,000 of assets less $1,000,000 of liabilities leaves $99,000,000. Across 2,000,000 shares, net asset value is $49.50 per share.

Assets and claims

An asset enters the numerator positively. Liabilities are claims removed before the per share division. ETF against mutual fund shows where NAV appears in two fund structures.

Scope of NAV

This identity computes one per share value from entered assets, liabilities and shares. Trading price is a separate measure. This is educational material, not financial advice.

Worked examples

\$498,000,000 of equity

Assets are $500,000,000, liabilities are $2,000,000, and shares are 10,000,000. What are equity and NAV per share?

  1. Equity is 500000000−2000000=498000000500000000-2000000=498000000, so $498,000,000.
  2. NAV is 498000000/10000000=49.8498000000/10000000=49.8, so $49.80 per share.

From $500,000,000 of assets and $2,000,000 of liabilities, equity is $498,000,000 and NAV across 10,000,000 shares is $49.80.

\$99,000,000 of equity

Assets are $100,000,000, liabilities are $1,000,000, and shares are 2,000,000. What are equity and NAV per share?

  1. Equity is 100000000−1000000=99000000100000000-1000000=99000000, so $99,000,000.
  2. NAV is 99000000/2000000=49.599000000/2000000=49.5, so $49.50 per share.

From $100,000,000 of assets and $1,000,000 of liabilities, equity is $99,000,000 and NAV across 2,000,000 shares is $49.50.

Dividing assets before subtracting liabilities

NAV uses net assets. Subtract liabilities first, then divide the remaining equity by shares.

Common questions

Is NAV the same as market price?

No. NAV is the accounting identity here. A traded price can sit above or below it.

Why subtract liabilities?

They are claims against assets, so they reduce equity available per share.

Is this financial advice?

No. It is educational material for NAV arithmetic.

Keep reading

This page is educational material, not financial advice. The figures come from the formula shown and assume the inputs you enter hold for the whole term. Your own rate, fees, taxes and timing will differ, so treat the output as arithmetic to check a decision against, not as a recommendation.