(redirected from Adjusted present value)
Also found in: Financial, Wikipedia.
APVAlgemene Plaatselijke Verordening (German: General Local Regulation)
APVAdvanced Personal Vaporizer
APVAhorro Previsional Voluntario (Spanish: Voluntary Pension Savings)
APVAssociation de la Presse du Vin (French: Wine Press Association)
APVAdjusted Present Value
APVAudio Photo and Video
APVAll Purpose Vehicle
APVAssociation des Professeurs de Vente (French: Association of Sales Professors)
APVArbeitsgemeinschaft für Pharmazeutische Verfahrenstechnik
APVAvian Pneumovirus
APVAll-Purpose Vehicle
APVAutostart and Process Viewer (freeware)
APVAcute Paralysis Virus (honey bee disease)
APVApproach (Procedure) with Vertical Guidance (aviation)
APVAverage Peak Velocity
APVAmbulatory Procedure Visit
APVAlliance for Progressive Values (Richmond, VA)
APVAnimal Protection Voters
APVAffectations Prioritaires à Valoriser (French: Priority Value Assignments)
APVAutomatic Program Verification (symposium)
APVArmored Patrol Vehicle
APVAccounts Payable Voucher
APVAnti-Pop Videos
APVArmored Personnel Vehicle
APVAir Pressure Vessel (drilling)
APVAnomalous Pulmonary Vein
APVArmored Passenger Vehicle (noncombat passenger protection)
APVArithmetic Progression Vector
References in periodicals archive ?
Thus, the adjusted present value of the project for any simulation estimates the value added to the firm by the project.
The project NPV is the project adjusted present value (APV) plus or minus any wealth transfers to or from the original bondholders and or the pension fund.
The adjusted present value (APV) method can be applied, whereby the ungeared beta is used to find an ungeared cost of equity, which is used for discounting the project cash flows before the impacts of financing are tackled separately (see method 3).
Adjusted present value (APV) is known as a "divide and conquer" approach.
In the case that the valuation of the tax shield of asset step-ups is not conducted via the Adjusted Present Value approach, the tax advantage of debt is not accounted for in a separate term and thus has to be included in the discount rate of the cash flows to be valued.
For the valuation of the step-up induced tax benefits, two alternative approaches are meaningful: a standalone valuation, which only calculates the net present value of the tax shield by applying a discount rate which includes the tax benefit of debt with respect to the financing mix, or a valuation via an additional term in the framework of the Adjusted Present Value method (Myers (1974), where the debt tax benefit is already accounted for in the second term of the APV-Formula.
The adjusted present value approach, in its current form, was first presented in Myers (1974) in the context of examining the interrelationship between investment and financing decisions.
Tirtiroglu, "Valuation of Real Estate Assets Using the Adjusted Present Value Method," Journal of Property Finance (March 1997): 7-23.
The adjusted present value resulting from the asset view of the balance sheet (Fig.
The CCF method is closely related to my work on valuing riskless cash flows (Ruback, 1986) and to Stewart Myers' work on the Adjusted Present Value (APV) method (Myers, 1974).
The adjusted present value, adjusted discount rate and flows to equity valuation methods represent three different approaches to valuing firms and other assets.