Price to NAV
Also written P/NAV, vs NAV, price-to-NAV.
Share price divided by NAV per share. Below 1.0 the shares trade under NAV.
Definition
A fund's share price divided by its net asset value per share. Below 1.0 the market values the portfolio at less than its book; a deep discount that lasts often signals credit concern.
On a live record
ARCC (Ares Capital) trades at $19.12 against a net asset value of $19.31, a price to NAV of 0.99x, which is a 1.0% discount. Open the ARCC record.
Written from the public record at the last refresh. Prices are 15 minutes delayed.
Definitions describe how YieldDesk reads the term. Nothing on this page is investment advice or a recommendation to buy, sell or hold.