Adjusted Net Asset Value (ANAV) Method is one of the business valuation methods under the asset approach. Under the ANAV method business valuators adjust the assets and liabilities of the business to determine an estimate of the fair market value. Included in the adjusted net asset method are intangible assets as well as contingent and off-balance-sheet items such as guarantees, pensions, environmental compliance obligations, strategic contracts, and pending legal judgements. Revaluation of fixed assets at fair market value also forms part of the adjustments. Once the assets and liabilities have been fully reviewed and the balance sheet adjusted and restated, the difference between the sum total of the adjusted asset value and adjusted liability value provides an estimate of the fair market value of the business. The ANAV method is also referred to as the Asset Accumulation Method.