Public market values inflated in comparison with private companies

Business Valuation UpdateVol. 3 No. 11
November 1997
Shannon P. Pratt, CFA, ARM, ABAR, FASA, MCBA, CM&AA


The valuation discrepancy between the public stock market and the market for private companies and interests in them may be the widest in history. Why is this so, how long will it last, and to what e ...