Live from NACVA: When SBBI isn't enough, try Morningstar's new Peer Group Builder

Morningstar is making a bigger entry into the valuation space, as reported here previously.  Besides their Ibbotson products, they've also begun to offer specialized valuation services.   Mike Barad of Morningstar introduced their new Peer Group Builder for "the more sophisticated valuation professional" who needs a more precise dataset than is available in the Cost of Capital Yearbook. The methodology is the same, but unlike the Yearbook, "you can build your own company set."  Barad points out that Morningstar has also switched their dataset from Standard and Poor's to Morningstar in the PGB--and improved cost of debt methodology" compared to the Ibbotson reports.