Book value
Value determined by dividing the total shareholders’ equity of a company by the number of shares. The shareholders’ equity includes the paid-in capital, total reserves, retained profits, revaluation funds and similar funds as well as provisions.
Liquidation value
Value calculated by dividing the amount that remains after the payment of all debts out of the proceeds of the mandatory sale of a company's assets within a certain period of time by the number of shares.
Going-concern value
Value of a company when it is transferred in its entirety as an ongoing-entity. Rather than the sum of the individual assets of the company, it refers to the value of a company as a whole. The potential future revenues of the company are taken into account in calculating the going-concern value.
On effectively functioning stock markets, it may be said that market value reflects the going-concern value.
Net asset value
Value calculated by dividing the amount of net assets on the balance-sheet by the number of shares.
Alternative income value
If the capital is not used as a company capital within the company, but used in another field of investment, the potential alternative income that may be obtained with the said amount is divided by the number of shares, giving this value. In determining the alternative income value, the income derived from the capital should be compared with the return on bank interest and government bond.
Fair value
Value determined by variables such as the company’s assets, profitability, distributed dividends, and capital structure. The real value reflects the income-creating potential and revenue rate expected of a company by investors. It is the value given to a stock by investors and deemed to be normal for the stock under existing conditions.