The adjusted net asset method looks to key components of the balance sheet in terms of replacement or liquidation values to determine the value of the enterprise. This method would attribute a value to the Company based on its net assets, i.e. assets less liabilities as at the required date, adjusted for understated/overstated assets or liabilities. Please note that any valuation of assets under this method, especially property, real estate and other operating assets (such as plant and machinery), will need to be undertaken by external valuers specializing in valuing such assets.