# Book Value

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Related to net asset value: book value, Net assets, Net Asset Value Per Share

# Book Value

The current value of an asset. The book value of an asset at any time is its cost minus its accumulated depreciation. (Depreciation reflects the decrease in the useful life of an asset due to use of the asset.) Companies use book value to determine the point at which they have recovered the cost of an asset.

The net asset value of a company's Securities. This is calculated by subtracting from the company's total assets the following items: intangible assets (such as goodwill), current liabilities, and long-term liabilities and Equity issues. This figure, divided by the total number of bonds or of shares of stock, is the book value per bond or per share of stock.

The calculation of book value is important in determining the value of a company that is being liquidated. For example, if a corporation has 100,000 shares of stock issued and outstanding and its assets total \$5 million and its intangible assets and all liabilities total \$1.6 million, its net asset value is \$3.4 million and its book value per share is \$34.

# book value

n. a determination of the value of a corporation's stock by adding up the stated value of corporate assets as shown on the books (records) of a corporation and deducting all the liabilities (debts) of the corporation. This may not be the true value of the corporation or its shares since the assets may be under- or over-valued.

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The unaudited net asset values for BlackRock Greater Europe Investment Trust plc at close of business on 9 December 2015 were:
Industrivarden's net asset value on March 31, 2006, was SEK 288 per share.
Together Indutrade and Ossur increased Industrivarden's net asset value in 2005 by SEK 1.
Under the Gabelli Equity Trust's payout policy, the Fund pays a minimum annual distribution of 10% of the average net asset value of the Fund.
The Boards' recent action also provides management with flexibility to engage in a share repurchase program in an effort to address each Fund's discount, which is the difference between its share price and its net asset value.
Pursuant to the policy as currently in effect, the Fund makes regular monthly distributions at an annualized rate equal to 10% of the Fund's net asset value, as determined as of the last day on which the New York Stock Exchange is open for trading during the first week of that month.
The Fund adopted a managed distribution policy in December 1999, under which the Fund makes regular monthly distributions at an annualized rate equal to 10% of the Fund's net asset value, as determined as of the last day on which the New York Stock Exchange is open for trading during the first week of that month.

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