Finanzen · Glossar
What is NPV (Net Present Value)?
Schnelldefinition
The difference between the present value of cash inflows and outflows over time. Positive NPV = profitable project.
Vollständige Erklärung
NPV (Net Present Value) is the sum of all future cash flows from a project, discounted back to the present, minus the initial investment. A positive NPV means the project creates value; a negative NPV means it destroys value. NPV accounts for the time value of money — a dollar next year is worth less than a dollar today. Discount rate is critical: a 5% discount rate vs 10% can flip a project from positive to negative NPV. NPV is the gold standard in capital budgeting, but it requires picking a discount rate (usually the company's cost of capital or WACC). Use NPV alongside IRR for project evaluation.
Verwandte Rechner
Calculators that use or explain NPV.
Verwandte Begriffe
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Last reviewed: June 15, 2026 • Category: Finanzen