Investment value (worth)
A short, practical note on investment value (worth), with the public definition from IVS / Red Book (effective 31 January 2025).
In my practice, investment value — or worth — is the value of an asset to a particular owner or prospective owner, given that party’s own investment or operational objectives. It does not assume an exchange: it reflects the benefits that entity gets from holding the asset. Two investors can legitimately reach different investment values for the same property. It may coincide with market value, but for me that is a conclusion of the analysis, not a starting point.
“The value of an asset to the owner or a prospective owner given individual investment or operational objectives. This may also be known as “worth”.”
Source: IVS Glossary 10.14 (ver também IVS 102 Appendix A40.01)
Common confusion
Investment value ≠ market value: one is the value to someone; the other, the value in the market.