Is it correct to use valuation of shares of certain company

Question

Is this correct to use in the valuation of the shares of a certain company the “the real net assets value” which, as per to the Institute of Accounting and Auditing (ICAC), shows the “book value of shareholder’s equity, corrected through increases or decreasing in value that could be demonstrated, in the case of the obligations, rights and goods of the company at the reference date?”

Answer 1

The process denominated “value of the real net assets” which has no theoretical base (no good sense): this is a mixture of the market value and book value of assets. Nor is this a liquidation value.