Search | Business Valuation Resources

Vertical IQ: Very Smart Industry Research for Business Appraisers (Free Webinar)

BVResearch Pro

Training Event Transcripts

April 4, 2019

Become an expert in any industry using Vertical IQ, BVR’s new industry research partner! Join Susan Bell, co-founder of Vertical IQ, to learn best practices and how to use the Vertical IQ platform in your next valuation engagement to research industry-specific risks, trends, cash flow, operations, and financial challenges in nearly 400 industries. Attendees will also learn how this powerful platform can assist you in becoming an expert in your subject company’s market presence, financial ...

Valuation and Technology: A Panel Discussion (Keynote Quarterly)

BVResearch Pro

Training Event Transcripts

March 13, 2019

What does the future of valuation look like? In partnership with the North California Chapter of the ASA, a panel of experts has been put together to answer this question. Lorenzo Carver, Greg Endicott, Joseph French, Bharat Kanodia, Steven Liu, and Adam Manson each bring a unique perspective and background in the overlap between technology and valuation. See examples of how technology is transforming valuation practices today and learn what technology you need to start ...

Enterprise Value Adjustment Multiple for Post-Tax Reform Valuations

Business Valuation UpdateVol. 25 No. 3

March 2019

An intuitive method to adjust enterprise values that were calculated using pretax reform M&A multiples that arguably do not reflect the tax characteristics of the new tax law.

New York Times’ scathing article on appraisers wins Polk Award

BVWireIssue #197-4

February 27, 2019

In our coverage of the New York Times article on the “friendly” valuations used to increase the fortune President Trump received from his father, we called it “brilliantly written and fascinating.”

Thinking of doing complex financial valuations?

BVWireIssue #195-2

December 12, 2018

Want to move from standard business appraisals to valuations of derivatives, guarantees, exotics, complex securities, and the like?

Business valuations need to preserve the human element

BVWireIssue #194-1

November 7, 2018

“If we remove the human element, our valuations will be nothing more than computer-generated nonsense,” writes Robert E. Kleeman Jr. (OnPointe Financial Valuation Group LLC) in Business Valuation Update. Kleeman, who has been in the BV world for over 40 years, says a lot has changed, including more of a reliance on data and a move away from using judgment, common sense, and reasonableness.

From the vault: Origin of the market approach

BVWireIssue #193-5

October 31, 2018

When doing research using BVResearch Pro, you may stumble on some very interesting things in addition to what you’re specifically looking for.

New York Times serves up scathing look at appraisers in Trump exposé

BVWireIssue #193-2

October 10, 2018

“Friendly” valuations are the main characters in a brilliantly written and fascinating article in the New York Times about President Trump’s involvement in “dubious tax schemes” and “outright fraud” to increase the fortune he received from his father.

The Impact of Size and Leverage on Equity Volatility

BVResearch Pro

American Society of Appraisers, Business Valuation Review™

Fall 2018, Volume 37, Issue 3, pp. 110-116

Many valuation practitioners rely on equity volatilities when performing equity allocations, derivative valuations, discounts for lack of marketability, or contingent consideration analyses. Yet in contrast to other commonly accepted valuation adjustments, practitioners still appear hesitant to adjust historical or implied volatilities from publicly traded comparables for differences in size when performing these types of analyses, despite theory that these factors should impact equity volatility. Instead, preference is usually made in the industry to adjust equity ...

Size-adjusting Volatility

BVResearch Pro

American Society of Appraisers, Business Valuation Review™

Fall 2018, Volume 37, Issue 3, pp. 117-121

Since the valuation of corporate securities with option-like features issued by the private companies requires an estimate of volatility based upon comparable public companies and the comparable companies are often larger, the use of unadjusted volatilities may understate the volatility of the subject private company. This article provides an up-to-date research review on the need for size-adjusting volatility. We also present a simple methodology to size adjust comparable companies that is easily updated with data ...

Valuation of private company stock for donations

BVWireIssue #192-1

September 12, 2018

Chris Mellen (Valuation Research Corp.) reports a marked increase in demand for valuations of shares of privately held companies before an M&A transaction in connection with a charitable gift.

Business Valuations and the IRS: Five Books In One

Publish Date: March 2018 Format: Softcover (852 pages)

Author: Michael Gregory

Publisher: Birch Grove Publishing

Business Valuations and the IRS:Five Books in One, written by expert Michael Gregory, is specifically for business appraisers, expert witnesses, and those who work with or may need to work with the IRS regarding business valuations.This must-have publication aids the reader in understanding classification, the IRS review processes and structure, and how to resolve conflicts with the IRS. Learn more >>

Financial Valuation: Applications and Models, + Website, 4th Edition

Publish Date: April 2017 ISBN#: 978-1-119-28660-8 Format: Hardcover (1,296 pages)

Author: James Hitchner

Publisher: John Wiley & Sons, Inc.

Financial Valuation: Applications and Models provides authoritative reference and practical guidance on the appropriate, defensible way to prepare and present business valuations. With contributions from 30 top experts in the field, this new edition provides an essential resource for those seeking the most up-to-date guidance, with a strong emphasis on applications and models. Learn more >>