A par value for a stock is its per-share value assigned by the company that issues it and is often set at a very low amount such as one cent. A no-par stock is issued without any designated minimum value.

What does $1 par value mean?

"Par value," also called face value or nominal value, is the lowest legal price for which a corporation may sell its shares. ... For example, if you set the par value for your corporation's shares at $1, all purchasers of the stock must pay at least this amount for every share they purchase.

How do you find the par value of a stock?

The par value of a company's stock can be found in the Shareholders' Equity section of the balance sheet.