Price is what you pay today. Value is what that price is made of, and what you get for it. On this site we put the two side by side for stocks, ETFs and crypto, with every figure sourced and dated.
Verified figures, not advice. We do not say what an asset is worth or whether it is cheap. We show the figures that make up its value, where each comes from, and how it compares with similar assets. The judgement is yours. Found a mistake? Tell us and we correct it.
AssetWhat we measureCompared withOpen
Stocks
Market cap (price x shares), enterprise value, P/E, EV/EBITDA, price to book
Against its largest competitors, mean and median
ETFs
NAV per share, price against NAV, what the fund holds, bond duration and yield, gold per security
Against its own NAV and against five similar funds
Commodities
Contract terms, producers, inventories, stocks-to-use and production cost
Against its own supply and demand figures and its 5-year fall from the high
Crypto
Market cap and the evidence behind it: reserves, audits, regulation, record
Price beside proof, asset by asset
- Price is the last trade. It changes every second and is the only figure you can see for certain.
- Market value (market capitalisation) is price times the number of shares or coins. It is what the market asks for the whole asset today.
- Worth is a judgement about what something should be valued at. It depends on assumptions, so two careful people reach different answers. We do not publish one.
What we can do honestly is show the figures a valuation is built from, and how an asset compares with its peers. That is what the pages above do.
A high multiple can mean growth that the market expects, or a price that is too high. A low one can mean a bargain or a business in trouble. The multiples on our pages show where an asset stands against its peers, not what it should do next. If you want to practise, start with a company you know and follow the steps on its valuation page.
Questions people ask about value
What is the difference between price and value?
Price is what an asset trades at now. Value is what that price is made of: what the company owns and owes, what the fund holds, what evidence stands behind a crypto asset. Price is a fact; value is read from several facts.
What is market cap?
Market capitalisation is the share price times the number of shares outstanding. For crypto it is the coin price times the circulating supply. It tells you how big the market thinks an asset is, not how much cash you would get by selling everything.
How do I know if a stock is overvalued?
No single figure settles it. Compare its multiples, such as P/E and EV/EBITDA, with its closest competitors and with its own history, and check what growth the price already assumes. Our valuation pages show the first step with sourced figures.
What is intrinsic value?
It is an estimate of what a business is worth based on the cash it is expected to produce. It depends on forecasts and a discount rate, so it is an opinion with arithmetic behind it. We show the inputs that are verifiable and leave the forecast to you.
What is the value of an ETF?
An ETF share is worth its net asset value (NAV): the fund's assets per share. The exchange price can differ slightly. Our ETF pages compare price and NAV when both refer to the same day and currency.
Can the value of a cryptocurrency be calculated?
Market cap can. A fair value cannot be verified in the same way, because most coins have no earnings. We show market value beside the evidence available: reserves, audits, regulation and track record.