Adjusted present value (APV)


Adjusted present value (APV)
The net present value analysis of an asset if financed solely by equity (present value of un-levered cash flows), plus the present value of any financing decisions (levered cash flows). In other words, the various tax shields provided by the deductibility of interest and the benefits of other investment tax credits are calculated separately. This analysis is often used for highly leveraged transactions such as a leverage buy-out. The New York Times Financial Glossary

Financial and business terms. 2012.

Look at other dictionaries:

  • 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… …   Investment dictionary

  • Adjusted present value — (APV) is a business valuation method. APV is the net present value of a project if financed solely by ownership equity plus the present value of all the benefits of financing. Firstly, it was studied by Stewart Myers, a professor at the MIT Sloan …   Wikipedia

  • adjusted present value — ( APV) The net present value analysis of an asset if financed solely by equity ( present value of unlevered cash flows), plus the present value of any financing decisions (levered cash flows). In other words, the various tax shields provided by… …   Financial and business terms

  • Net present value — In finance, the net present value (NPV) or net present worth (NPW)[1] of a time series of cash flows, both incoming and outgoing, is defined as the sum of the present values (PVs) of the individual cash flows of the same entity. In the case when… …   Wikipedia

  • APV — may refer to:* Association of Professional Videomakers * APV (NMDAR antagonist), or AP5, a selective NMDA receptor antagonist * Actuarial present value, a probability weighted present value often used in insurance * Adjusted present value, a… …   Wikipedia

  • APV — ( adjusted present value) The net present value analysis of an asset if financed solely by equity ( present value of unlevered cash flowss), plus the present value of any financing decisions (levered cash flows). In other words, the various tax… …   Financial and business terms

  • APV-Ansatz — Die Adjusted Present Value Methode gehört zu den Discounted Cash Flow Verfahren der Unternehmens bzw. Projektbewertung. Überblick Das APV Verfahren zählt wie der WACC Ansatz oder der TCF Ansatz zu den Entity Verfahren der DCF Bewertung. Im Rahmen …   Deutsch Wikipedia

  • Market value added — (MVA) is the difference between the current market value of a firm and the capital contributed by investors. If MVA is positive, the firm has added value. If it is negative, the firm has destroyed value. The amount of value added needs to be… …   Wikipedia

  • С — Сальдо (balance) Cальдо внешней торговли [balance of trade] Сальдо государственного бюджета [balance of state bud­get] Сальдо торгового баланса см. Сальдо внешней …   Экономико-математический словарь

  • Betafaktor — Der Betafaktor (β) stellt in den auf dem Capital Asset Pricing Model (CAPM) aufbauenden finanzwirtschaftlichen Theorien die Kennzahl für das mit einer Investitions oder Finanzierungsmaßnahme übernommene systematische Risiko (auch Marktrisiko… …   Deutsch Wikipedia