Free webinar on new DealStats platform
Attend a free one-hour webinar on July 11 that will showcase DealStats, a powerful new platform that combines Pratt’s Stats and Public Stats into one database with enhanced and vastly upgraded features.
More details emerge on new DealStats database
A July launch is set for DealStats, a powerful new platform that combines Pratt’s Stats and Public Stats into one database of almost 30,000 private-company and 4,000 public-company transactions.
New advisory board overseeing major overhaul of Pratt’s Stats
Pratt’s Stats, the leading private-company transaction database, is evolving into a brand-new powerful platform with better search capabilities, new data fields, easier report generation, and more with its upgrade to DealStats this July.
BVU News and Trends June 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?
Newest valuation data for A/E firms
The latest transactional data on the fair market value of businesses in the architecture, engineering, and environmental consulting industries (A/E firms) is now available in the Architecture/Engineering Business Valuation and M&A Transaction Study, 5th edition.
Valuing paving contractors
BVR just released a new installment in its series of What It’s Worth guides: Valuing Paving Contractors.
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.
Pratt’s Stats Hall of Fame
Pratt’s Stats now lists over 29,000 private-company M&A transactions thanks to business brokers and other intermediaries who contribute the data.
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.
Olli Salumeria Americana, LLC v. Vosmik
In buyout dispute, court rejects plaintiff’s request to set aside third-party appraisal performed pursuant to valuation agreement; court notes its limited role and high “palpable error” standard; alleged mistakes were not apparent on face of appraisal and there was no misconduct by appraiser.
Claims Against Third-Party Appraisal Crumple Under ‘Palpable Error’ Standard
In buyout dispute, court rejects plaintiff’s request to set aside third-party appraisal performed pursuant to valuation agreement; court notes its limited role and high “palpable error” standard; alleged mistakes were not apparent on face of appraisal and there was no misconduct by appraiser.
Solvency Determination Turns on Income Recognition Analysis
Court credits trustee expert’s analysis of debtor’s balance sheet, finding the expert showed debtor’s practice of immediate recognition of initial franchise fees as revenue violated GAAP and debtor was continuously insolvent; transfers are avoidable.
Solvency Determination Turns on Income Recognition Analysis
Court credits trustee expert’s analysis of debtor’s balance sheet, finding the expert showed debtor’s practice of immediate recognition of initial franchise fees as revenue violated GAAP and debtor was continuously insolvent; transfers are avoidable.
Redmond v. NCMIC Fin. Corp. (In re Brooke Corp.)
Court credits trustee expert’s analysis of debtor’s balance sheet, finding the expert showed debtor’s practice of immediate recognition of initial franchise fees as revenue violated GAAP and debtor was continuously insolvent; transfers are avoidable.
Court Questions Idea of Goodwill in Solo Practice Valuation
Appeals court says distinction between professional goodwill and future earnings capacity “evanesces” when valuing solo professional practice; trial court erred in adopting value based on guideline transaction method that considered professional goodwill.
Hartline v. Hartline
Appeals court says distinction between professional goodwill and future earnings capacity “evanesces” when valuing solo professional practice; trial court erred in adopting value based on guideline transaction method that considered professional goodwill.