Total market value of a corporation if each of its divisions operate independently and has its own stock price Also called private market value (PMV), analysts look for high PMV in relation to market values to identify bargains and potential target companies
The value of a company if each of its divisions were independent, publicly traded entities Often used in the evaluation of a takeover
The value of a firm measured as the sum of the values of its operating units if each were sold separately (Chapter 17)