Conversion value Conversion value The value of the convertible security in terms of the common stock into which the security can be converted. It is equal to the conversion ratio times the current market price per share of the common stock For example, if the market value per share of common stock in Fun FinMan, Inc., were trading at $42 per share, then the conversion value is 3. 33 shares x $42=$140 per share of preferred stock 22-822-8 Conversion Value -- The value of the convertible security in terms of the common stock into which the security can be converted. It is equal to the conversion ratio times the current market price per share of the common stock. Conversion Value For example, if the market value per share of common stock in FunFinMan, Inc., were trading at $42 per share, then the conversion value is: 3.33 shares x $42 = $140 per share of preferred stock