How to resolve symbolic links in a shell script

One of my favorites is realpath foo

realpath - return the canonicalized absolute pathname

realpath  expands  all  symbolic  links  and resolves references to '/./', '/../' and extra '/' characters in the null terminated string named by path and
       stores the canonicalized absolute pathname in the buffer of size PATH_MAX named by resolved_path.  The resulting path will have no symbolic link, '/./' or
       '/../' components.

According to the standards, pwd -P should return the path with symlinks resolved.

C function char *getcwd(char *buf, size_t size) from unistd.h should have the same behaviour.

getcwd pwd

readlink -f "$path"

^{Editor's note: The above works with GNU readlink and FreeBSD/PC-BSD/OpenBSD readlink, but not on OS X as of 10.11.
GNU readlink offers additional, related options, such as -m for resolving a symlink whether or not the ultimate target exists.}

Note since GNU coreutils 8.15 (2012-01-06), there is a realpath program available that is less obtuse and more flexible than the above. It's also compatible with the FreeBSD util of the same name. It also includes functionality to generate a relative path between two files.

realpath $path

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[Admin addition below from comment by halloleo —danorton]

For Mac OS X (through at least 10.11.x), use readlink without the -f option:

readlink $path

^{Editor's note: This will not resolve symlinks recursively and thus won't report the ultimate target; e.g., given symlink a that points to b, which in turn points to c, this will only report b (and won't ensure that it is output as an absolute path).
Use the following perl command on OS X to fill the gap of the missing readlink -f functionality:
perl -MCwd -le 'print Cwd::abs_path(shift)' "$path"}

"pwd -P" seems to work if you just want the directory, but if for some reason you want the name of the actual executable I don't think that helps. Here's my solution:

#!/bin/bash

# get the absolute path of the executable
SELF_PATH=$(cd -P -- "$(dirname -- "$0")" && pwd -P) && SELF_PATH=$SELF_PATH/$(basename -- "$0")

# resolve symlinks
while [[ -h $SELF_PATH ]]; do
    # 1) cd to directory of the symlink
    # 2) cd to the directory of where the symlink points
    # 3) get the pwd
    # 4) append the basename
    DIR=$(dirname -- "$SELF_PATH")
    SYM=$(readlink "$SELF_PATH")
    SELF_PATH=$(cd "$DIR" && cd "$(dirname -- "$SYM")" && pwd)/$(basename -- "$SYM")
done