Business Valuation Update Yearbook, 2025 Edition
February 2025 PDF (418 pages)
BVR (editor)
Business Valuation Resources, LLC
PLEASE NOTE: This title is available exclusively through BVResearch Pro and is not available for individual purchase.
Another year has come and gone and it's time again for one of BVR's “greatest hits” publications! The Business Valuation Update Yearbook 2025 covers the previous year’s most groundbreaking and thought-provoking advancements in valuation. It captures changes in regulations and professional standards, key takeaways from professional conferences, and tactical practice-building ideas. Available with BVResearch Pro only, this critical desktop reference puts you ahead of the competition with on-the-ground reporting by the BVR editorial team including an Introduction by Andy Dzamba, BVR Executive Editor and insights from notable BV experts.
Highlights of the publication include:
- Streamline your analysis and boost your productivity by utilizing user-friendly queries with BVResearch Pro's Research & Data Assistant (RADA) to quickly extract key information and streamline your research process.
- Gain a competitive edge in your next valuation engagement with access to over 80 articles that analyze the latest trends and challenges in the business valuation field.
- Enhance your valuation methodologies with innovative techniques and practical guidance on navigating current market conditions, including inflation and volatility.
- Stay ahead of the curve by discovering new ideas that challenge conventional valuation practices, ensuring your approach remains relevant and effective.
- Maximize your learning opportunities with comprehensive summaries from major valuation conferences, allowing you to benefit from key discussions and insights even if you couldn't attend.
- Benchmark your practice against top-performing firms by exploring best practices and operational insights that can help elevate your business valuation services.
Introduction
Section I. Business Valuation Approaches, Methods, and Entity-Specific Issues
Fair Market Value: A Complicated Standard
By Mark O. Dietrich, CPA
Two Ways to Treat the Vanishing Bonus Depreciation Tax Break
Damodaran Looks at Intangibles—and Tosses Some Dynamite
Is Your Subject Business Still Feeling the Effects of COVID-19?
Perception Grows of Bias in U.S. Valuation Experts
Key Points From Hitchner’s Annual BV Update
How to Review a Report’s Valuation Methodology
Using Rule of Thumb Data to Uncover Cooked Books
A Channel Analysis Is Key When Valuing a Fast-Food Restaurant
A Method for Forecasting Property Impairment Resulting From Climate Change
By Barry Purnell
The Disconnect Between Research and Practice in Healthcare Valuation
By Mark O. Dietrich
Two BV Trends That Have Alarmed BVR’s ‘Power Panel’
Try These Visuals When Selling Business Valuation Services
The Changing Landscape of Intellectual Property Valuations in the Healthcare Industry
By Magi Curtis (J.S. Held), Noor Al-Banna (Ocean Tomo, a part of J.S. Held), and
Greg Campanella (Ocean Tomo, a part of J.S. Held)
Need to Explain the Valuation of a Multilayered Entity? Try This Chart
Free Resources to Help Valuers With Business Interruption Claims
Maligned and Abused Excess Earnings Method Endures—But Why?
Section II. Cost of Capital
Review of Surveys on Cost of Capital Data Sources and Inputs
Checklist for Reviewing a Valuation Report’s Discount Rate
Retain Professional Judgment in Your Cost of Equity Estimates
Valuation Report Excerpts Using Pepperdine to Estimate a Discount Rate
Don’t Be Afraid to Use a High Discount Rate in Your DCF for Early-Stage Firms
By J. Russell Frawley III, MBA, CPA, ABV, Frawley & Co. PLLC (Miami, Florida, USA)
The Continuing Evolution of the BUM
By Ronald L. Seigneur, Seigneur Gustafson LLP, Lakewood, Colorado, USA
Letter to the Editor: Feedback on Paper Concerning Company-Specific Risk
Section III. Business Valuation Conference Coverage
What to Know From the 2023 ASA International Conference, Part 2
What to Know From the ASA Fair Value Conference
Big Four Focus on Practice Management at the ASA Fair Value Conference
A Very Engaging Audience at the ASA ESOP Virtual Conference
Short Takes and Tips From the Annual ASA Conference
ASA Recap: Uncertain Economy Puts Spotlight on Valuation Report Narrative
ASA Outlines Efforts to Step Up Its Game Amid Market Challenges
AI Sessions Draw Big Crowds at AICPA FVS Conference
A Dozen Tips From the VSCPA Forensic and Valuation Services Conference
Section IV. Legal, Regulatory, Standards
BVLaw Review: The Top Valuation Cases of 2023
By R James “Jim” Alerding, CPA/ABV
Valuation Impact of Corporate-Owned Life Insurance on SCOTUS’ Agenda
By Roger J. Grabowski, FASA (Kroll)
What Valuers Should Do While SCOTUS Mulls Connelly
‘Very Useful’ MPF Will Be Reissued in Revamped Form
‘Landmark’ Update Released of the International Valuation Standards
What to Glean From the IRS Hiring Binge for BV Experts
Highlights of 2021 to 2023 Delaware Valuation Decisions
By Gilbert E. Matthews, CFA, Sutter Securities Inc. (San Francisco, Calif., USA)
SCOTUS Decides Valuation of Corporate-Owned Life Insurance
By Roger Grabowski, FASA
ESOP Experts Worried Over Upcoming DOL Regs on Valuations
AICPA Wants Feedback on Partial Revisions to Cheap Stock Guide
Gregory Reveals What’s Going on With the IRS and Tax Valuations
Delaware’s Surprising and Inexplicable Appraisal of FairXchange
By Gilbert E. Matthews, CFA, Sutter Securities Inc. (San Francisco, Calif., USA)
IRS Warns Cannabis Firms: 280E Is Still Alive and Kicking
Connelly Lesson: A Good Buy-Sell Is Not Enough to Fix Value
Valuation Standards That Apply to Ethical Dilemmas With AI
Section V. Business Valuation Profession and Practice Management
BV Year in Review 2023: Recruiting Push
Future Plans for the AICPA FVS Section
AI Concerns, Experiments Highlight NACVA Confab
Quality Control Is Now the No. 1 Concern of BV Firms
Tax Valuations Are the Main Profit Driver for BV Firms, Per BVR Survey
More Perspectives From Young BV Practitioners
Mercer Extols the Virtues of Writing as a Valuation Career Builder
The BV Profession’s ‘Silver Tsunami’ Is More Like a Trickle
Ideas for Solving Two Problems in the BV Profession
How Do Your Firm’s Benefits Stack Up?
Practice-Building Tips From the AICPA FVS Conference
Going ‘Beyond Valuation’ to Propel Your Practice and Career
BV Experts Embrace AI, See Its Promise
AI Is Making Inroads at Business Valuation Practices
BVR Breaks New Ground With Debut of RADA
BVR Extends Reach of Groundbreaking Research Tool
Section VI. Reviews of Research, Data Sources, and New Books
A Wealth of Rules of Thumb in the 2024 Business Reference Guide
Popular Real Estate DLOC Database Is Not Going Away
July Research Update
August Research Update
September Research Update
October Research Update
November Research Update
December Research Update
Section VII. U.S. and Global BVU News and Trends Roundup
January 2024 U.S. and Global News and Trends
February 2024 U.S. and Global News and Trends
March 2024 U.S. and Global News and Trends
April 2024 U.S. and Global News and Trends
May 2024 U.S. and Global News and Trends
June 2024 U.S. and Global News and Trends
July 2024 U.S. and Global News and Trends
August 2024 U.S. and Global News and Trends
September 2024 U.S. and Global News and Trends
October 2024 U.S. and Global News and Trends
November 2024 U.S. and Global News and Trends
December 2024 U.S. and Global News and Trends
Section VIII. Data
Monthly Cost of Capital Data