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Stay appraised of all the latest business considerations in the jewelry industry! The report explains how jewelry stores operate, the nature of their revenue streams, value drivers, the industry environment, the risks involved, and other key factors.
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What It's Worth: Accounting Firm Value (PDF)
November 2015 978-1-62150-058-2 PDF (85 pages)
Business Valuation Firm Benchmarking Guide: 2023 Edition
November 2023 PDF, Softcover (103 pages)
Business Valuation Update Yearbook, 2017 Edition
February 2017 PDF (349 pages)
What It's Worth: Valuing Electrical Contracting Companies
July 2017 PDF (105 pages)
What It's Worth: Valuing HVAC Companies
August 2017 PDF (93 pages)
Business Valuation Update Yearbook, 2018 Edition
February 2018 PDF
Business Valuation Update Yearbook, 2021 Edition
January 2021 Hardcover, PDF
Business Valuation Update Yearbook, 2023 Edition
January 2023 PDF, Softcover (426 pages)
Business Valuation Update Yearbook, 2020 Edition
January 2020 PDF
Business Valuation Update Yearbook, 2019 Edition
February 2019 PDF
The BVR/AHLA Guide to Healthcare Industry Finance and Valuation, Fourth Edition
May 2016 Hardcover, PDF (1,153 pages)
Mark Dietrich
Debunking the Myth That Business Valuers Lowball Brand Values
How does something as emotional and intangible as brands and someone as fact-based and conservative as an accountant fit together? Not particularly well, according to marketers and brand valuation specialists. When they say “accountant,” however, what they’re really referring to are valuation professionals who happen to practice outside of the world of marketing.
BVA Profile: An Expatriate’s Perspective on Australian BV
BVA recently spoke with John-Henry Eversgerd, a valuation specialist in Australia with over 20 years of valuation and financial analysis experience. In the interview, Eversgerd, who is from the United States but has worked and lived in Australia since 2008, talks about the valuation industry here and makes comparisons to the larger valuation scene in America. He is one of the founders of the BVA and has launched and led a valuation practice at an Australian boutique advisory firm. He is also an Accredited Senior Appraiser—Business Valuation of the American Society of Appraisers, a Chartered Financial Analyst charter holder, and holds a Masters of Business Administration from the University of Michigan Ross School of Business.
More Common Sense—Less Theory and Fewer Models—Needed in Business Valuation
Pablo Fernandez is a professor in the department of financial management at the University of Navarra—IESE Business School in Spain (ranked No. 5 in the world for full-time MBAs by The Economist). A widely published author, he conducts a survey of market risk premiums and risk-free rates used in countries around the world. His recent paper, “CAPM: An Absurd Model,” created a stir in the business valuation community.
More M&A Activity Anticipated, Though S&P/ASX200 Index to Drop, Survey Predicts
A recently published survey by the financial advisory services firm KPMG predicts that merger and acquisition deals in Australia will be on the increase this year, even as many respondents believe companies from a number of sectors have been overvalued in the recent past.
Indefinite Is Not Infinite—Solving a Dichotomy in Trademark Valuation
The valuation of an intangible asset is based on its useful life. For trademarks, appraisers regularly opt for an indefinite life, when no obvious factors exist that would limit the future economic life of the trademark. Almost all brands are however finite, and assuming indefiniteness can have two serious effects: one on value and one on accounting. The following article discusses such effects and suggests some guidelines and tools for how to analyse the life cycle of a brand and how to estimate its remaining useful life (RUL).
DLOMs in Fair Value Cases: Lack of Marketability Does Not Cause Private Company Discounts
Are private companies worth less than public companies solely because they are not publicly traded or because of other identifiable factors (some of which would apply to various public companies as well)? A school of thought consisting of experienced and thoughtful experts believes they are. U.S. valuers Shannon Pratt and Roger Grabowski set forth this view ...
Beyond All Comparables: Lessons to Learn From the Kingfisher Airlines Brand Valuation
Recently, India’s Serious Fraud Investigation Office (SFIO) announced it would probe the valuation of the Kingfisher Airlines trademark and whether the trademark was fraudulently inflated to get more funds from banks. The officials of the now-defunct airline, bank representatives, and a corporate finance advisory firm who had valued the brand are being investigated.
Accounting Issues to Consider When Valuing Construction Firms
Commercial and residential construction contractors use special methods of accounting that, if misunderstood by valuation analysts, can significantly impact a conclusion of value. This is a discussion of the main accounting issues for these firms.
Valuation Multiples for Accounting Firms Per Pratt’s Stats
Editor’s note: It’s merger mania time for accounting firms—and it won’t let up anytime soon, according to the new 2015-2016 Rosenberg MAP Survey of CPA firms. This article examines recent transaction data for sales of accounting firms to help valuation an ...
Business Valuation OIV Journal Fall 2019
Business Valuation OIV Journal has been created by Organismo Italiano di Valutazione (OIV), the Italian Valuation Standard Setter, to provide a forum for discussion and to foster cultural progress in the field of business valuation. In this issue, articles include "Roundtable: 10 Big Issues in Business Valuation"; "The Limits of Accounting Rates of Return and the Calibration Trap in Applying Accounting-Based Models in Modern Business Valuation Practice"; and "Connecting Economic Value to Company Strategy: Critical Issues and New Perspectives."
Business Valuation OIV Journal Fall 2018
Business Valuation OIV Journal has been created by Organismo Italiano di Valutazione (OIV), the Italian Valuation Standard Setter, to provide a forum for discussion and to foster cultural progress in the field of business valuation. In this issue, articles include "Implied Cost of Capital: How to Calculate It and How to Use It"; "Solvency II Framework in Insurance Equity Valuation: Some Critical Issues"; and "Bank Valuation Using Multiples in U.S. and Europe: A Historical Perspective".
Business Valuation OIV Journal Spring 2019
Business Valuation OIV Journal has been created by Organismo Italiano di Valutazione (OIV), the Italian Valuation Standard Setter, to provide a forum for discussion and to foster cultural progress in the field of business valuation. In this issue, articles include "Company Valuation as Result of Risk Analysis: Replication Approach as an Alternative to the CAPM"; "Residual Income Model and Abnormal Returns: A Comparison to Factor Styles and Sell-Side Analysts"; and "Critical Issues When Valuating Small Businesses".
Journal of Business Valuation 2015 Edition
From the CBV Institute ...
Journal of Business Valuation 2016 Edition
From the CBV Institute ...