Kurswertes

Kurswertes is a term used in German financial language to denote the market value or current quotation of a financial instrument, as determined by its price on a recognized market. It represents the price at which an asset could be bought or sold at a given moment and is commonly used in trading, investment analysis, and accounting contexts.

The term derives from the elements Kurs (price or quotation) and Wert (value). In practice, Kurswertes describes the value of assets that are actively traded, and it is often contrasted with the nominal or face value (Nennwert) of securities. While Kurswerte can refer to the observable market price, different sources may provide slightly different quotes, such as last traded price, bid, or mid-price, depending on the market convention.

Calculation and valuation methods vary by asset class and market liquidity. For liquid securities, the Kurswertes is typically the most recent transaction price or a representative market price. For illiquid assets or over-the-counter instruments, valuation may rely on bid quotes, broker estimates, or mark-to-market adjustments under applicable accounting standards. In accounting and finance, Kurswertes is frequently used in fair value measurements and performance assessments.

Applications and limitations. Kurswertes informs trading decisions, portfolio valuation, and financial reporting. It reflects current market sentiment and liquidity but may be volatile, influenced by liquidity, bid-ask spreads, and market conditions. It does not necessarily equal intrinsic value or future cash-flow prospects, and in some cases may diverge from theoretical or fundamental valuations.

See also: market value, fair value, mark-to-market, stock price, pricing sources.