This program will start by reviewing the elements of a pricing multiple. Specifically, we explore the components that makeup capitalization rates. By breaking down the modified CAPM, we explain how differences in size and capitalization can be incorporated directly into pricing multiples. We then walk through a prebuilt model that automatically applies these pricing multiple adjustments.
Multiple selection is a highly subjective requirement of the guideline public company method. By incorporating adjustments driven by objective criteria, we reduce the subjectivity of the method and temper the burden of justification on the valuation analyst.
Program Agenda
A brief overview of the guideline public company method and the challenges of applying this method;
Deep dive into the components of a capitalization rate and the modified CAPM;
Detail the explicit adjustment of pricing multiples for size and capitalization differences; and
Provide a demo of the Value Analytics template to guide users on how to use these adjustments easily.
Learning Objectives
Participants will learn how to restate pricing multiple in terms of risk exposures;
Participants will learn how to adjust components of the modified CAPM to incorporate differences in size and capitalization; and
Participants will learn how to use a prebuilt tool to apply these adjustments.
Multi-User CPE Policy
Admission to this program includes one CPE certificate for one individual.
Any additional listeners requesting CPE must be registered prior to the event, log in on their own connection, and complete the online CPE survey for this course.
Business Valuation Resources is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of
continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on
the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National
Registry of CPE Sponsors through its website: www.nasbaregistry.org. NASBA Sponsor
Every webinar includes periodic online polling questions to assess continuous participation. Attendees must respond to all polling
questions during the webinar to be awarded NASBA-qualified CPE. Attendees that respond to all polling questions and complete a survey
will be verified and emailed a CPE certificate within 5-7 business days.
BVR's Satisfaction Guarantee
Business Valuation Resources offers a 100% money-back guarantee on our training services. If you are not completely satisfied
with your experience, or have any feedback, please contact Business Valuation Resources at 1-503-479-8200 or
customerservice@bvresources.com.
