Adjusted Present Value - APV


Adjusted Present Value - APV

The Net Present Value (NPV) of a project if financed solely by equity plus the Present Value (PV) of any financing benefits (the additional effects of debt).

By taking into account financing benefits, APV includes tax shields such as those provided by deductible interests.


Investment dictionary. . 2012.

Look at other dictionaries:

  • adjusted present value — A calculation of the all equity net present value of an investment or project that is then adjusted to allow for any other impacts, for example any tax concessions on financing. See also: net present value, present value …   Accounting dictionary

  • adjusted present value — A calculation of the all equity net present value of an investment or project that is then adjusted to allow for any other impacts, for example any tax concessions on financing. See also net present value; present value …   Big dictionary of business and management

  • Adjusted Present Value — ⇡ Unternehmungsbewertung, ⇡ wertorientierte Unternehmensführung …   Lexikon der Economics

  • Net adjusted present value — The adjusted present value minus the initial cost of an investment. The New York Times Financial Glossary …   Financial and business terms

  • net adjusted present value — The adjusted present value minus the initial cost of an investment. Bloomberg Financial Dictionary …   Financial and business terms

  • Present Value Components Analysis — An analytical tool that establishes a base NPV for a project that can then be adjusted for the incremental NPV effect of separate elements of the project s overall potential sales. Bloomberg Financial Dictionary …   Financial and business terms

  • all-equity net present value — A calculation of net present value made as if the firm, project, or investment were funded entirely by equity. In such cases, the discount rate is the discount rate for equity. See also: adjusted present value, present value …   Accounting dictionary

  • all-equity net present value — A calculation of net present value made as if the firm, project, or investment were funded entirely by equity. In such cases, the discount rate is the discount rate for equity. See also adjusted present value; present value …   Big dictionary of business and management

  • Shareholder value — is a business buzz term, which implies that the ultimate measure of a company s success is to enrich shareholders. It became popular during the 1980s, and is particularly associated with former CEO of General Electric, Jack Welch. The term used… …   Wikipedia

  • Embedded value — The Embedded Value (EV) of a life insurance company is the present value of future profits plus adjusted net asset value. It is a construct from the field of actuarial science which allows insurance companies to be valued.BackgroundLife insurance …   Wikipedia

  • Embedded Value — A common valuation measure used outside North America, particularly in the insurance industry. It is calculated by adding the adjusted net asset value and the present value of future profits of a firm. The present value of future profits… …   Investment dictionary