A number of thought-provoking articles are in the May issue of Business Valuation Update:

• “Beware of Distortions of Market Multiples During a Recession” (Alina Niculita). A mini case study based on an actual valuation of a closely held firm in the midst of the recession and a market collapse.
• “Unique Factors That Affect the Valuation of Home Healthcare Service Firms.” Caught up in the frenzy of change in the healthcare industry and a massive regulatory framework, home healthcare service firms are a challenge to valuation experts. Alan B. Simons (CliftonLarsonAllen) sorts through all this and reveals the distinctive elements that affect the valuation of these firms the most.
• “Despite Flaws, the Excess Earnings Method Is Alive and Kicking.” Jim Alerding (Alerding Consulting), who successfully relied on the excess earnings method in the recent Burnett v. Burnett case in Indiana, explains the method and addresses lingering questions about its usage.
• “Where to Dig for the Value of an Oilfield Services Company” (Brad Edwards). Key value drivers are examined for the oilfield services industry, a bright spot amid a somewhat bleak global economic landscape. These firms are expected to see strong growth over the next five years.
• “BV Firms Thriving Despite Slowdown From Heady Growth.” Preliminary results from BVR’s exclusive new survey reveals areas of growth at business valuation firms. However, several indicators suggest slower expansion going forward.

To read these articles—plus a digest of the latest court cases—see the May issue of Business Valuation Update.