Net Asset Value Calculator (NAV)

Enter Calculation

Total Assets ($)

Total Liabilities ($)

Shares Outstanding

Results

Net Asset Value

$800,000

Total Assets − Total Liabilities

NAV per Share	$8
Total Assets	$1,000,000
Total Liabilities	$200,000
Shares Outstanding	100,000

What Is Net Asset Value (NAV)?

Net Asset Value (NAV) is the total value of an entity's assets minus its liabilities. It is the most widely used measure of a fund's or company's intrinsic worth. For mutual funds, ETFs, and closed-end funds, NAV per share tells investors what one unit of the fund is actually worth based on the underlying holdings rather than the market trading price.

How to Use This Calculator

Enter the total assets (cash, securities, receivables, property, etc.), the total liabilities (debts, payables, accrued fees), and the number of shares outstanding. The calculator returns the overall NAV and the NAV per share. If you only need the dollar NAV, you can leave shares blank or set it to any value — the per-share figure simply won't apply.

The Formula Explained

The core equation is simple subtraction:

$$\text{NAV} = \text{Total Assets} - \text{Total Liabilities}$$

To express value on a per-unit basis, divide by the number of outstanding shares:

$$\text{NAV per Share} = \frac{\text{NAV}}{\text{Shares Outstanding}}$$

This per-share number is the price at which open-end mutual funds buy and sell their units, typically calculated once per trading day after markets close.

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NAV equals total assets minus total liabilities.

Worked Example

Suppose a fund holds $1,000,000 in assets and owes $200,000 in liabilities, with 100,000 shares outstanding. \(\text{NAV} = \$1{,}000{,}000 - \$200{,}000 = \$800{,}000\). $$\text{NAV per Share} = \frac{\$800{,}000}{100{,}000} = \$8.00$$ Each share is therefore worth $8.00 based on the fund's net assets.

Dividing NAV by shares outstanding gives the NAV per share.

FAQ

Is NAV the same as market price? Not always. ETFs and closed-end funds trade on exchanges and may be priced above (premium) or below (discount) their NAV based on supply and demand.

How often is NAV calculated? Open-end mutual funds compute NAV once daily after the market closes, valuing all holdings at the day's closing prices.

Can NAV be negative? Yes — if liabilities exceed assets, NAV is negative, signaling the entity owes more than it owns.