Intrinsic value refers to the inherent worth of an object, asset, or entity, independent of external factors. It is often used in finance to assess the true value of an investment, such as a stock or a bond, based on fundamental analysis rather than market price. This concept helps investors determine whether an asset is overvalued or undervalued. In philosophy, intrinsic value signifies the importance of something based on its own qualities, rather than its utility or external benefits. For example, nature may be considered to have intrinsic value because of its beauty and ecological significance, regardless of its usefulness to humans.