Business Valuation Update
- How to Review a Report’s Valuation Methodology
- Ideas for Solving Two Problems in the BV Profession
- How Do Your Firm’s Benefits Stack Up?
- Using Rule of Thumb Data to Uncover Cooked Books
Miller Expands Valuation and Strategy Links in Value Maps
“Business valuation is more than numbers. It is about cause and effect relationships and how or if a firm creates value,” writes Warren Miller in his upcoming book, Value Maps: Valuation Tools That Unlock Business Wealth.
Cellular Telephone: An Interesting Decision for Valuation Practitioners
A recent Delaware decision in a breach of fiduciary duty case awarded more than triple the amount originally paid to partners who were squeezed out of their collective 1.881% interest in a partnership. Several aspects of this decision are of particular interest to valuation practitioners, especially those whose practice includes litigation services. The case is: In Re Cellular Tel. P’ship Litig.; 2022 Del. Ch. LEXIS 56 (Cellular).
BV News and Trends December 2022
A monthly roundup of key developments of interest to business valuation experts.
BVU News and Trends January 2018
A monthly roundup of key developments of interest to business valuation experts.
Differences in Commercial Insurer Pay Rates Dominate Healthcare Valuation (Unless You’re Relying on Surveys)
Payment rates drive revenue and profit in the healthcare sector, and, therefore, without that knowledge, a valuation conclusion has only a random chance of being accurate.
Avoiding Distortion When Using An OPM to Allocate Value
In a recent BVU article, Walling and Moore noted some of the problems that emerge when valuation professionals apply Black-Scholes option pricing models (OPM) to allocate value to multiple classes of equity securities.
Key Points From the VSCPA Forensic and Valuation Conference
An economic update, a new IRS crackdown, goodwill, reasonable comp, healthcare insights, expert testimony, and options are among the topics recapped from the annual two-day Forensic and Valuation Conference hosted by the Virginia State Society of CPAs.
A Veteran Valuer’s Guidance on COVID-19 and the ‘Soul’ of a Business
An interview with Robert Schlegel, FASA, MCBA (Houlihan Valuation Advisors), in which he gives his perspectives on our current economic environment and how that affects the business valuation community.
BV News and Trends March 2024
A monthly roundup of key developments of interest to business valuation experts.
Special Legal Report: Daubert Challenges Ten Years After Kumho Tire
It’s been ten years since the U.S. Supreme Court expanded its ruling in Daubert v. Merrell Dow Pharmaceuticals, Inc. to all types of technical expert testimony—including financial experts and business appraisers—in Kumho Tire v. Carmichael. PriceWaterhous ...
Global BVU News and Trends March 2021
Business valuation news from a global perspective.
BV News and Trends July 2023
A monthly roundup of key developments of interest to business valuation experts.
BVU News and Trends April 2020
A monthly roundup of key developments of interest to business valuation experts.
BV News and Trends November 2021
A monthly roundup of key developments of interest to business valuation experts.
BVU News and Trends July 2020
A monthly roundup of key developments of interest to business valuation experts.
Recap of NACVA’s Summer 2022 ‘Super Conference’
Business Valuation Update traveled to Salt Lake City for the Business Valuation and Financial Litigation Super Conference hosted by the National Association of Certified Valuators and Analysts (NACVA). This is a recap of some of the sessions we attended. Several sessions deserved longer treatment, so we’ve devoted separate articles to them (also in this issue).
Introducing the Rudich/Jaroudi BIZCOMPS DLOM Study
The authors do an analysis of the BIZOMPS database of sales of small private companies to uncover an imbedded discount for lack of marketability (DLOM) in a specific industry. The authors would like feedback on this study and methodology.
BVU News and Trends March 2021
A monthly roundup of key developments of interest to business valuation experts.
BVU News and Trends January 2021
A monthly roundup of key developments of interest to business valuation experts.
BV News and Trends May 2022
A monthly roundup of key developments of interest to business valuation experts.
A Dozen Action Ideas From NACVA’s 25th Anniversary Conference
One of the great benefits of attending conferences is the ability to gather all kinds of interesting and useful tips and advice from leading valuation practitioners. Here is just a sampling of what we picked up at the 25th anniversary conference of the Na ...
BV News and Trends December 2021
A monthly roundup of key developments of interest to business valuation experts.
Adjusting the Restricted Stock Transactions to Estimate Marketability Discounts
The courts have been critical of using restricted stock studies to estimate a discount for lack of marketability (DLOM). In particular, they question the use of averages culled from historical studies without specific reference to subject companies and st ...
Florida’s Proposed Change to Goodwill Could Set a Precedent
The Family Law Section of the Florida Bar is proposing legislation to clarify the value of goodwill in the marital interest of closely held businesses. The authors envision that this proposed legislation could set a precedent for future family law matters throughout the United States.
SPECIAL SUPPLEMENT: Valuation Experts Clash Over Analysis of Transactional Data
Listeners to a webinar on the use of the BIZCOMPS database have taken issue with a number of points presented, including stratifying the data, filtering, the R-square coefficient, harmonic mean, minimum number of transactions, the elimination of outliers, market multiples, and more.