P/NAV, fair value, and the upside figure
What the valuation numbers on a ticker page are measuring and where they come from.
P/NAV
Price divided by Net Asset Value per share. Below 1.0 means the stock trades under its book value; above 1.0 means it trades at a premium to it. It is one data point among several, not a standalone buy signal — some stocks deserve a discount (weak earnings, governance concerns), and some deserve a premium (strong growth, clean balance sheet).
Fair value & upside %
Our fair-value estimate blends valuation multiples, fundamentals verdict, and sector context into a range, shown alongside the current price. The upside % is the gap between current price and the midpoint of that range — a descriptive comparison, not a price target or a prediction of where the stock will trade.