Business Valuation Update
- How to Review a Report’s Valuation Methodology
- Ideas for Solving Two Problems in the BV Profession
- How Do Your Firm’s Benefits Stack Up?
- Using Rule of Thumb Data to Uncover Cooked Books
Review: Discount for Lack of Marketability Guide and Toolkit
When valuing companies under the fair market value standard, many practitioners devote the majority of their report to explaining the valuation approach but then deduct a discount for lack of marketability (DLOM) that materially reduces value without prov ...
Recent Developments Trigger a Fresh Look at DLOM
In the field of business valuation, there is no consensus as to an overall approach in reaching a conclusion as to a discount for lack of marketability (DLOM). Practitioners focus on a lot of individual procedures, and there is debate over these methods.
Conference Roundup: Some Highlights From NACVA’s Annual Confab
Business valuation attendees at the NACVA consultants’ conference last month in Washington, D.C., came away with a boatload of ideas for generating new business, dealing with the IRS, and navigating the shifting demands of the courts and judges. The Natio ...
Ghaidarov Offers a New Framework for DLOM
Ghaidarov, who has published papers related to option price models for estimating a discount for lack of marketability (DLOM), presents a new concept for illiquidity discounts.
Using a Restricted Stock Study Quintile Analysis for a DLOM
Editor’s note: Restricted stock studies are often used when developing a discount for lack of marketability (DLOM). However, certain characteristics of the issuer of the restricted stock can impact the discounts in the studies. This article presents pages ...
Highlights From the 2015 ASA Advanced BV Conference
Valuation experts hit the jackpot in Las Vegas at the annual Advanced Business Valuation conference of the American Society of Appraisers (ASA). The event had great sessions that offered some practical advice for a wide variety of valuation issues, from e ...
BVU News and Trends November 2018
A monthly roundup of key developments of interest to business valuation experts.
BVU News and Trends January 2018
A monthly roundup of key developments of interest to business valuation experts.
Book Review: Valuing a Business—The Analysis and Appraisal of Closely Held Companies, 6th Edition
The new edition of Shannon Pratt’s book, which gives a heavy dose of theory and has been updated by a team of 67 contributors and published by the American Society of Appraisers, is reviewed.
Update on DLOM, Fair Value, PTEs at NYSSCPA BV Confab
The 2017 conference season has started! BVR attended the annual business valuation conference of the New York State Society of CPAs (NYSSCPA) in New York City. As usual, it covered some of the profession’s hottest topics. Committee chair Jeffrey Gibralter ...
Estimating a COVID-19 Marketability Discount for Small Businesses
A framework of thinking for developing a marketability discount for a majority interest on a small business in the wake of the pandemic.
BV Year in Review 2022: Ongoing Challenges
What did you miss in 2022? Catch up on the highlights in the business valuation profession through over 70 articles and hundreds of news items this newsletter covered in 2022.
Exclusive Survey Reveals BV Research Sources of Choice
Information is the lifeblood of a business valuation practice. Your credibility and competitive advantage hinges on the sources of data you use. BVR recently collected data concerning research sources valuation experts rely on most. BVU has examined the p ...
Redefining the BV Profession at NACVA’s Annual Conference
In today’s so-called “connected” world, more people get their information electronically than ever before. That’s great, but there’s nothing like face-to-face interaction with your peers and BV thought leaders to help keep you informed about what’s going ...
New Study Reveals BV Research Sources of Choice
A survey of business valuation firms asked about research tools used for industry analysis, transactions, premiums and discounts, cost of capital, guideline public company analyses, compensation, valuation-related case law, and more.
BV News and Trends February 2022
A monthly roundup of key developments of interest to business valuation experts.
25 Tips on Dealing With COVID-19 From the NACVA Conference
COVID-19 was a hot topic of discussion in a number of the sessions at the NACVA and the CTI’s 2020 Business Valuation and Financial Litigation Super Conference, which was held online over five full days (June 15-19).
Business Valuation Year in Review 2017
It was another eventful year for the business valuation profession, and here’s a wrap-up of notable developments of 2017.
Key Points From Hitchner’s Annual BV Update
A recap of Jim Hitchner’s look at the major issues in BV over the past year, including long-term growth rates, the three-stage DCF, normalizing the risk-free rate, cost of capital, plagiarism, lack of liquidity on a 100% interest, and more.