Review: Valuing a Business, 6th Edition

Ray Moran, director, iiBV, reviewed Valuing a Business, 6th edition, sponsored by the American Society of Appraisers Educational Foundation. This review was originally posted in the International Valuation Standards Council eNews post. 

Valuing a Business is one of the first textbooks on business valuation and has been instrumental in elevating business valuation as a profession. Shannon P. Pratt wrote the first edition, Valuing a Business: The Analysis and Appraisal of Closely Held Companies, in 1981, and it has been updated over the years to the current sixth edition. The book is frequently cited, referenced, and quoted in valuations, litigation, and publications worldwide and has served as a foundational reference for business valuation education worldwide, including in the International Institute of Business Valuers (iiBV) education courses. Shannon Pratt passed away in 2021, but his work continues, now sponsored by the ASA Educational Foundation, and 67 leading business valuers have collaborated to update the book, spending an estimated 8,000 hours both to update existing chapters and to add new topics and an online appendix (

You can order Valuing a Business, 6th edition, through Business Valuation Resources (