Grant Thornton of Poland was retained to value the trademark of Fachowcy.pl Ventures S.A., a company listed in Poland engaged in website creation, online advertising, and internet hosting services. The valuation was performed as of June 30, 2017, to support the issuance of a bond. The valuation report, published in the IR section of Fachowcy’s website, shows that the relief from royalty method was used, seven directly comparable cases from the MARKABLES database were selected, and a royalty rate of 4.76% was decided upon. MARKABLES is a Switzerland firm that has a database of over 10,000 global trademark valuations published in financial reporting documents of listed companies. By the way, the Fachowcy valuation report is in Polish.