Rethinking the Traditional Levels of Value—Continuing the Conversation

Business Valuation UpdateVol. 24 No. 12
December 2018
Andrew Strickland, FCA
discounts & premiums
control premium, discount for lack of marketability (DLOM), valuation methodology, control

Summary

While the representation of a hierarchy of value has served generations of business valuers well, it now needs to be reshaped. One concern is that the hierarchy has at its core the concept of the control premium, a concept that has become strained beyond the breaking point.