Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open.

Why is Net Asset Value (NAV) only reported by funds, but not stocks?
Nobody tracks a single company's net assets on a daily basis, and stock prices are almost never derived directly from their assets (otherwise there would be no concept of 'growth stocks').  Stocks trade on the presumed current value of future positive cash flow, not on the value of their assets alone. Funds are totally different.  They own nothing but stocks and are valued on the basis on the value of those stocks.  (Commodity funds and closed funds muddy the picture somewhat, but basically a fund's only business is owning very liquid assets, not using their assets to produce wealth the way companies do.) A fund has no meaning other than the direct value of its assets.   Even companies which own and exploit large assets, like resource companies, are far more complicated than funds: e.g. gold mining or oil extracting companies derive most of their value from their physical holdings, but those holdings value depends on the moving price and assumed future price of the commodity and also on the operations (efficiency of extraction etc.) Still different from a fund which only owns very liquid assets.