Beware of Distortions of Market Multiples During a Recession

Business Valuation UpdateVol. 19 No. 5
May 2013
Alina Niculita, ASA, CFA, MBA
valuation methods & approaches
market multiples, coronavirus, COVID-19


Valuation multiples are distorted during times of recession and high market volatility, such as the period from 2008 through 2011. To demonstrate this, I developed a mini case study based on an actual valuation we performed a couple of years ago. The subj ...