Understanding Business Valuation: A Practical Guide to Valuing Small- to Medium-Sized Businesses, 5th edition

October 2017 Hardcover

Gary Trugman



The 5th edition of Understanding Business Valuation simplifies a technical and complex area of practice with real-world experience and examples. Expert author Gary Trugman's informal, easy-to-read style, covers all the bases in the various valuation approaches, methods, and techniques. Author note boxes throughout the publication draw on Trugman's veteran, practical experience to identify critical points in the content. Suitable for all experience levels, you will find valuable information that will improve and fine-tune your everyday activities.

This edition has been updated to include:

  • A new chapter on valuing stock options, preferred stock, debt, and start-up ventures
  • Discussion of economic obsolescence
  • Downloadable content that offers a full range of additional materials including a workbook, cases, sample reports, and one of the most comprehensive bibliographies in the business
  • A special access link to Business Valuation Resources that will allow you to download many of the court cases that are discussed throughout the text
  • Updated real-world examples and exhibits

Table of Contents

  • Chapter 1: Overview of Business Valuation
  • Chapter 2: Business Valuation Standards
  • Chapter 3: Getting Started
  • Chapter 4: Valuation Principles and Theory
  • Chapter 5: Data Gathering
  • Chapter 6: Data Analysis
  • Chapter 7: Statistics for Valuation and Economic Damages
  • Chapter 8: Developing Forecasts for Business Valuations and Economic Damages
  • Chapter 9: The Market Approach—Part I
  • Chapter 10: The Market Approach—Part II
  • Chapter 11: The Asset-Based Approach
  • Chapter 12: The Income Approach
  • Chapter 13: Discount and Capitalization Rates
  • Chapter 14: Premiums and Discounts (Valuation Adjustments)—Part I
  • Chapter 15: Premiums and Discounts (Valuation Adjustments)—Part II
  • Chapter 16: Revenue Ruling 59-60
  • Chapter 17: The Valuation Report
  • Chapter 18: Valuation of Pass-Through Entities
  • Chapter 19: Valuation in Financial Reporting
  • Chapter 20: Valuing Intangible Assets:  An Overview
  • Chapter 21: Estate and Gift Valuations
  • Chapter 22: Divorce Valuations
  • Chapter 23: Professional Practice Valuations
  • Chapter 24: Ownership Disputes
  • Chapter 25: Other Valuation Assignments
  • Chapter 26: Economic Damages
  • Chapter 27: My Favorite Court Cases
  • Biography