Business Valuation Update Yearbook, 2024 Edition
January 2024 PDF, Softcover (401 pages)
BVR (editor)
Business Valuation Resources, LLC
Business Valuation Case Law Yearbook, 2024 Edition
January 2024 PDF, Softcover (222 pages)
BVR (editor)
Business Valuation Resources, LLC
Private-sector companies optimistic, per McKinsey survey
Consulting firm McKinsey has some very useful economic and industry reports, research studies, and regular briefings.
Cannabis Industry Accounting and Appraisal Guide, 2nd edition
May 2023 Hardcover, PDF (340 pages)
Brenda Clarke, Ron Seigneur, Stacey Udell
Tax returns as a source of historical data
The vast majority (91%) of valuation experts say federal tax returns are crucial or very important sources of historical financial data.
Reminder: Take a survey on tax return data extraction
Is the historical financial information you get from client tax returns in usable form? Do you have to extract it by hand? Do you use an automated solution?
How do you extract tax return data?
BVR is always on the lookout for new offerings that will help practitioners. One area where we see some potential need is in extracting historical financial data from client tax returns.
Valuation impacts of the Inflation Reduction Act
Expect to see increased scrutiny on business valuations for tax purposes as a result of the Inflation Reduction Act of 2022 (IRA).
Business Valuation Update Yearbook, 2023 Edition
January 2023 PDF, Softcover (426 pages)
BVR (editor)
Business Valuation Resources, LLC
GDP up in 3Q22, reports BVR’s EOU
The U.S. economy—as indicated by gross domestic product—increased at an annual rate of 2.6% in the third quarter of 2022 after declining at a rate of 0.6% in the second quarter, according to the latest quarterly issue of Economic Outlook Update (EOU), published by Business Valuation Resources (BVR).
Take a fresh look at your long-term growth rate, says Grabowski
Do you estimate a long-term growth rate by taking long-term real GDP growth plus expected inflation? If you do, you may want to reconsider, according to recent research by Roger Grabowski (Kroll) and Ashok Abbott (West Virginia University).
Business Valuation Update Yearbook, 2022 Edition
January 2022 PDF (454 pages)
BVR (editor)
Business Valuation Resources, LLC
Strong LEI performance continues, reports BVR’s EOU
In October 2021, the U.S. Leading Economic Index (LEI) rose 0.9%, to 118.3 points, reports the Economic Outlook Update (EOU), published by Business Valuation Resources (BVR).
Strong LEI performance continues, reports BVR’s EOU
In June 2021, the U.S. Leading Economic Index (LEI) rose 0.7%, to 115.1 points, reports the Economic Outlook Update (EOU) for the second quarter of 2021, published by Business Valuation Resources (BVR).
Get a Sneak Peek at Trends, Valuation Multiples, and Operation Ratios for Small, Main Street Private Companies
BIZCOMPS, a comprehensive online database with financial details on small, Main Street private companies, has been recently updated with new transactions, and the current BIZCOMPS/BVR Deal Review (BDR), exclusively for subscribers, is now available. This special publication analyzes general trends, valuation multiples, and operating ratios for transactions in the database. Get a sneak peek at the Summer 2021 issue with highlights including harmonic mean and median sale price, median SDE/rent, and more.
Wholesale Trade: Sales and Inventories
In the May issue of the Economic Outlook Update (EOU), the publication added data highlighting the wholesale trade segment of the U.S. economy, putting a spotlight on the data the U.S. Census published. The report highlights the sales totals of merchant wholesalers for April 2021, which included adjustments for seasonal variations and trading day differences. The report showed an improvement in wholesale trade in April 2021 when compared to March 2021 and from one year ago. In April, total sales were $570.8 billion, or 0.8% higher than the revised March level and 43.6% higher than the level from one year ago.
Business Valuation’s ‘Dirty Little Secret’
Recent developments have put the spotlight squarely on projected financial information (PFI). The perception is that too many valuation experts simply accept projections and forecasts they’re given without applying enough scrutiny—or any scrutiny at all. Fortunately, there is some new guidance on how to examine and substantiate PFI you get from management or other third parties in BVR’s new Guide to Management Projections and Business Valuation: Analysis and Case Law. The following is an excerpt from that chapter.
How Did the Pandemic Impact EBITDA Multiples in 2020? Explore a 12-Month Snapshot in the DealStats Value Index
With the COVID-19 pandemic putting a stranglehold on the U.S. economy for most of 2020 and causing an unprecedented economic impact on small businesses, DealStats Value Index (DVI) captured the 12-month snapshot on how earnings before interest, taxes, depreciation, and amortization (EBITDA) multiples have trended.
4Q 2020 U.S. Economic Performance Indicators at a Glance: GDP, Consumer Spending, and Unemployment
In today’s constantly changing and evolving economy, business valuators must have a firm grasp of the current state in order to successfully complete a business valuation engagement. The Economic Outlook Update (EOU), published by BVR, digests expansive research from leading authoritative sources into convenient monthly and quarterly reports. Get a sneak peek at the 4Q 2020 EOU with a few key economic performance components showing insights on gross domestic product (GDP), consumer spending, and unemployment and personal income.
Valuable lessons on using economic data in valuation reports
In his very first deposition, veteran valuation expert Jim Hitchner (Financial Valuation Advisors) learned two valuable lessons.
McKinsey examines consumer goods and retail in the wake of COVID-19
Consulting firm McKinsey has some very useful economic and industry reports, research studies, and regular briefings.
LEI up but at slowing pace, reports BVR’s EOU
In December 2020, the U.S. Leading Economic Index (LEI) improved 0.3%, to 109.5 points, which follows an increase of 0.7% in November, reports the Economic Outlook Update (EOU) published by Business Valuation Resources (BVR).
Business Valuation Update Yearbook, 2021 Edition
January 2021 Hardcover, PDF
BVR (editor)
Business Valuation Resources, LLC
Good, free economic research from McKinsey
We hear more valuation analysts touting the free material available from McKinsey on economic and industry analyses, particularly with respect to the COVID-19 crisis.
LEI up but U.S. economy losing steam, reports BVR’s EOU
In September, the U.S. Leading Economic Index (LEI) improved 0.7%, to 107.2 points, reports the Economic Outlook Update (EOU) published by Business Valuation Resources (BVR).