Cernarus

Asset Based Valuation Calculator

This asset-based valuation tool computes company value using three complementary methods: Book Value (balance-sheet based), Adjusted Net Asset Value (ANAV) which applies fair-value adjustments, and an Orderly/Forced Liquidation estimate that applies a user-selected discount. The goal is to provide transparent reconcilable results that users can trace back to balance sheet inputs and specific adjustments.

Use this calculator for preliminary valuations, internal reconciliations, audit support, or when market-based multiples are unavailable. It is not a substitute for a full professional valuation report when legal, tax, or transaction-level precision is required.

Updated Nov 16, 2025

Applies user-provided fair-value adjustments and working capital normalization to derive an adjusted equity value intended to approximate fair market-level asset values.

Inputs

Results

Updates as you type

Adjusted Net Asset Value (ANAV)

$0.00

OutputValueUnit
Adjusted Net Asset Value (ANAV)$0.00USD
Primary result$0.00

Visualization

Methodology

Calculations are deterministic arithmetic based on user inputs and selected adjustments. Each method builds from the same base fields (assets and liabilities) and applies different adjustments or discounts to reflect distinct valuation perspectives.

The tool follows best-practice controls for numerical transparency and auditability, and recommends documenting sources for each adjustment. For model governance and validation, follow relevant standards such as NIST risk-management guidance for model validation processes, ISO management-system principles for record-keeping, IEEE guidance on numerical software reliability, and OSHA guidance for workplace data integrity where applicable.

Accuracy depends on input quality. Enter post-close, reclassified, and audited balance sheet figures where available. Include the tax effect of non-recurring adjustments. This calculator does not replace professional judgments required by accounting standards (e.g., fair value measurement frameworks).

Worked examples

Example 1: A small business with $500k current assets, $1.5M non-current assets, $800k liabilities, and $200k of fair-value write-ups yields a positive ANAV after adjustments; the liquidation value will be lower if a 30% discount is applied.

Example 2: For distressed companies, users should increase contingent liabilities and liquidation discount to reflect shorter sale windows and additional disposal costs; include tax adjustments for asset sale taxes.

Further resources

External guidance

Expert Q&A

When should I use book value vs. adjusted net asset value?

Book value is appropriate for a quick balance-sheet snapshot or when adjustments are immaterial. Use ANAV when there are material fair-value differences, significant off-balance or reclassification items, or when estimating fair market value for negotiation or financial reporting.

How do I choose a liquidation discount?

Liquidation discounts depend on sale horizon, asset fungibility, and market conditions. Typical starting points range from 20% for orderly sales to 50%+ for forced sales of specialized assets. Document rationale and, where relevant, obtain broker indications or auction estimates.

Are contingent liabilities and minority interests included?

Yes. Contingent liabilities and minority interest are subtracted from asset totals in all methods where they reduce owner equity or realizable proceeds. Enter best estimates; when uncertain, disclose ranges and perform sensitivity checks.

Can this replace a formal valuation report?

No. This tool provides numerical estimates and reconciliation support. For legal, tax, financial reporting, or transaction purposes, obtain a professional valuation compliant with applicable accounting and valuation standards.

Sources & citations