It’s now available from BVR: Understanding Business Valuation: A Practical Guide to Valuing Small- to Medium-Sized Businesses, fourth edition, by author, speaker, and BV hall-of-famer Gary Trugman. In addition to analyzing valuation standards, theory, approaches, and methods—including discounts and capitalization rates—this new, expanded edition contains content on:

• Forecasting techniques for business valuation and economic damages;
• Valuing pass-through entities, including a discussion of all the leading models; and
• Quantifying discounts with the latest techniques, such as the Black-Scholes and other empirical models.

Plus, an accompanying CD-ROM presents new sample reports and one of the most comprehensive bibliographies in BV literature. Trugman's informal, easy-to-read style covers all the bases in BV; Trugman posts “author’s notes” throughout that draw on his experience as well as “real-life” examples to explain critical points in the content and its application.