The market value or market price of the asset is the price at which the asset can currently be bought or sold.
It is determined by the interaction of demand and supply for the security in the market.
Intrinsic value or fundamental value is the value of the asset that reflects all its investment characteristics accurately.
Intrinsic values are estimated in light of all the available information regarding the asset; they are not known for certain
In an efficient market, investors widely believe that the market price reflects a security's intrinsic value.
On the other hand, in an inefficient market, investors may try to develop their own estimates of intrinsic value in order to profit from any mispricing (difference between the market price and intrinsic value).