What the Kv value tells you
The Kv value states how many cubic metres of water per hour pass through a valve in a given position at a pressure drop of 1 bar. It therefore describes not the valve but the valve at a particular travel. The Kvs value is the rated value at full opening – the figure on the data sheet by which valves are graded.
In the English-speaking world the Cv value is used instead, based on US gallons per minute and 1 psi. The conversion is a fixed factor: Cv ≈ 1.156 · Kv. Both quantities are based on the IEC 60534 series; its sizing equations are in Part 2-1.