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The idea from intrinsic , which comes from the Latin word intrinsĕcus, is used to qualify that which is characteristic of something . The intrinsic, therefore, turns out essential or indivisible of the element in question .

For example: “The tickets have no intrinsic value: without trust in the authorities or social agreement, they are nothing more than papers”, "Anxiety is intrinsic to big changes", "Violence is an intrinsic problem to any society".

In the field of philosophy , the intrinsic is that which, by virtue of its nature , corresponds to a certain object. This means that the intrinsic is proper and not given by the relationship with another.

In the context of the economy , meanwhile, the concept of intrinsic value . This is the name of market value of a precious metal which is used for coin a coin . Suppose an ounce of gold costs 500 dollars and that the coin is minted that has said amount of metal: the coin will thus have an intrinsic value of 500 dollars . He legal value of the currency, on the other hand, is established by a social pact: the promise of payment of the entity that mints it is trusted. The coin that contains an ounce of gold (500 dollars ), to mention a hypothetical case, can have a legal value of 800 dollars , a figure that is not linked to its intrinsic value.

The intrinsic value is also the actual value of an asset or a company . This value arises from the perception of its real value taking into account all its intangible and tangible aspects. This intrinsic value may or may not coincide with the market value .

In this framework, there are many ways we can follow to carry out the calculation of the intrinsic value of an action. Broadly speaking, the four methods most used by experts are the following: cash flow discounts; those based on equity value; relative valuation; those based on real options. The first of these is the one that in theory offers the greatest precision of all, although in each particular case it is necessary to evaluate which of them best suits the needs.

We must point out that this term is not very common in everyday speech, although it does appear in the media, especially in the field of economics. That said, we can take a look at some of their most used synonyms: own, internal, essential, characteristic, peculiar, inborn, basic, intimate privative and exclusive. Regarding its antonyms, we can mention the following three: improper, accidental and extrinsic.

As with many other words, Spanish speakers often confuse the meaning of intrinsic with others, in particular with inherent and immanent. Although these are three words with very similar definitions, they have their differences and for that reason it is advisable to know them thoroughly to know in which case to use each one.

The Royal Spanish Academy points out in his dictionary that the term inherent It is defined as something that, given its own nature, is linked to something else so that it cannot be separated from it. He also points out that in the field of grammar it is understood as a unity that is independent of the relationships you have with others within the sentence. Let's look at these two meanings in the following examples: "These obligations are inherent to your job", "In the noun closet, the masculine gender is inherent".

With respect to immanent, the dictionary defines it as something that is inherent in a being or that is attached to its essence in an impossible way to separate, although we can distinguish both parts by reason.

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