BV News and Trends November 2023
A monthly roundup of key developments of interest to business valuation experts.
BIZCOMPS being upgraded with new platform
Users of BIZCOMPS will soon see a new look to the database of small private-company transactions.
A Difference of Opinions—Using the Right Tools for the Market Approach
This course will be a hands-on exercise in valuing a small owner-operated business using the market approach. Two appraisers will walk through the valuation of a business with $5 million to $10 million in revenue using the same fundamental financial information but different valuation tools. The results are meant to highlight the differences in value based on a selected market approach and the use of different databases. The training will use multiples derived from private ...
BV News and Trends June 2023
A monthly roundup of key developments of interest to business valuation experts.
BIZCOMPS now has over 15,000 transactions
A new infographic shows that BIZCOMPS, the database of sales transactions involving small “Main Street” private companies, now includes over 15,165 deals.
BV News and Trends April 2022
A monthly roundup of key developments of interest to business valuation experts.
Hitchner’s primer on three transaction databases
“Read the instructions” to transactional databases is the advice Jim Hitchner (Financial Valuation Advisors) stressed several times in the February 2022 issue of Hardball With Hitchner.
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.
BVU News and Trends April 2020
A monthly roundup of key developments of interest to business valuation experts.
Introducing the Rudich/Jaroudi BIZCOMPS DLOM Study
The authors do an analysis of the BIZOMPS database of sales of small private companies to uncover an imbedded discount for lack of marketability (DLOM) in a specific industry. The authors would like feedback on this study and methodology.
New study gleans DLOMs from the BIZCOMPS database
Imbedded discounts for lack of marketability (DLOMs) have been uncovered in a new study of the BIZCOMPS database of sales of small private companies.
Private firm multiples up, per BIZCOMPS update
The median sale price-to-SDE multiple for all industries reported at its highest level in 2019, at 2.09x, according to the BIZCOMPS Deal Review, a regular publication that analyzes general trends, valuation multiples, and operating ratios for transactions in the BIZCOMPS database.
Letter to the Editor: Comments on Adequate Sample Size in the Transaction Method
A letter to the editor in response to the article “Valuation Experts Clash Over Analysis of Transactional Data” and accompanying supplement that appeared in the April 2018 issue of BVU.
BVU News and Trends September 2018
A monthly roundup of key developments of interest to business valuation experts.
Letter to the Editor: Comments on an Article on the Number of Transactions for the GCTM
This letter is in response to the article “Valuation Experts Clash Over Analysis of Transactional Data” that addresses how many transactions to use in the guideline company transaction method (GCTM).
BVU News and Trends August 2018
A monthly roundup of key developments of interest to business valuation experts.
Letter to the Editor: Comments on an Article on the Use of Statistics in the Transaction Method
A valuation expert weighs in on dueling experts’ opinions on the use of statistics, including how many transactions should be used in the application of the transaction method of appraisal.
BVU News and Trends July 2018
A monthly roundup of key developments of interest to business valuation experts.
BIZCOMPS data update
The average selling price in 2017 for small private companies was $444,000 (excluding inventory), based on transactions in the BIZCOMPS database.
Sample size debate spills over onto LinkedIn
What’s the minimum number of transactions that should be used from a database such as BIZCOMPS or Pratt’s Stats?
Letter to the Editor: Comments on an Article on the Use of Statistics in the Transaction Method
A renowned valuation expert weighs in on dueling experts’ opinions on how many transactions should be used in the application of the transaction method of appraisal.
Debate continues on use of statistics
“I can no longer stay a silent observer,” says Gary Trugman (Trugman Valuation) about the back-and-forth over how many transactions should be used in the application of the transaction method of appraisal.
BV experts cross swords over statistics
What’s the minimum number of transactions that should be used from a database such as BIZCOMPS or Pratt’s Stats?
SPECIAL SUPPLEMENT: Valuation Experts Clash Over Analysis of Transactional Data
Listeners to a webinar on the use of the BIZCOMPS database have taken issue with a number of points presented, including stratifying the data, filtering, the R-square coefficient, harmonic mean, minimum number of transactions, the elimination of outliers, market multiples, and more.
Valuation Experts Clash Over Analysis of Transactional Data
Listeners to a webinar on the use of the BIZCOMPS database have taken issue with a number of points presented, including stratifying the data, filtering, the R-square coefficient, harmonic mean, minimum number of transactions, the elimination of outliers, market multiples, and more.