BV News and Trends April 2024
A monthly roundup of key developments of interest to business valuation experts.
Last chance! Take the Pepperdine survey on private capital markets
A recent BVR survey found that over a quarter (26%) of respondents use the Pepperdine Private Capital Markets Study to estimate the cost of equity.
BV News and Trends March 2024
A monthly roundup of key developments of interest to business valuation experts.
Reminder: The 2024 Pepperdine private cost of capital survey is open
Each year, Pepperdine University conducts an annual survey of expected rates of return with respect to private companies.
The 2024 Pepperdine private cost of capital survey is now open
It’s that time again!
BVR survey reveals COE data sources of choice
While the Kroll Cost of Capital Navigator continues to be widely used and accepted for estimating cost of equity (COE), BVR’s Cost of Capital Professional has been gaining considerable steam since its launch in 2018, according to a BVR survey.
Private Cost of Equity Up, Per 2023 Pepperdine Report
Private-company cost of equity is higher this year across nearly all categories, by about 5%, according to the 2023 Private Capital Markets Report. “This translates to an average of 25% this year, up from 20% last year,” says Dr. Craig R. Everett, the project’s director. The article also demonstrates how to use the report for developing private-company cost of capital.
Hitchner comments on new Pepperdine report
The 2023 Private Capital Markets Report has a “plethora of good information,” says Jim Hitchner (Financial Valuation Advisors) in the May issue of Hardball With Hitchner.
BV News and Trends March 2023
A monthly roundup of key developments of interest to business valuation experts.
Still open: 2023 Pepperdine private cost of capital survey
At press time, the Pepperdine University annual survey of expected rates of return with respect to private companies is still open.
COE Estimates From Leading Data Sets Are All ‘Very Close’
Jim Hitchner conducted a hypothetical engagement using Kroll’s Navigator, BVR’s Cost of Capital Professional, the Pepperdine study, and Damodaran’s data to estimate cost of equity (COE).
Reminder: The 2023 Pepperdine private cost of capital survey is now open
Every year, Pepperdine University conducts an annual survey of expected rates of return with respect to private companies.
The 2023 Pepperdine private cost of capital survey is now open
Every year, Pepperdine University conducts an annual survey of expected rates of return with respect to private companies.
New Pepperdine Report Creates Buzz at the NACVA Conference
One of the more well-attended sessions at the Business Valuation & Financial Litigation Super Conference hosted by the National Association of Certified Valuators and Analysts (NACVA) was a session Dr. Craig R. Everett conducted. He is the project director of the Private Capital Markets Project from Pepperdine University, which does an ongoing survey of expected rates of return of providers in the private capital market.
BV News and Trends October 2022
A monthly roundup of key developments of interest to business valuation experts.
BV News and Trends September 2022
A monthly roundup of key developments of interest to business valuation experts.
BV News and Trends August 2022
A monthly roundup of key developments of interest to business valuation experts.
2022 Pepperdine report on private cost of capital released
A preview of the “2022 Private Capital Markets Report” was presented at the NACVA’s Business Valuation & Financial Litigation Super Conference last week.
BV News and Trends July 2022
A monthly roundup of key developments of interest to business valuation experts.
Hitchner surveys COE data sources of choice
The Kroll (formerly Duff & Phelps) Navigator has been the consistent clear choice for cost of equity (COE) data by valuation analysts, according to ongoing surveys by Jim Hitchner (Valuation Products and Services).
Hitchner examines the Pepperdine survey
BVR has long been a supporter of the Pepperdine University Capital Markets Project, which conducts an annual survey of expected rates of return with respect to private companies.
Appraiser Uses Direct Way to Estimate Private-Company Cost of Equity
One appraiser, after 25 years and over 1,000 valuations of small owner-operated businesses, says that these firms bear no relation to public companies, so why look to the public markets for data when estimating cost of capital? Here’s the method he uses, which looks directly at the private capital markets and does not require any expensive resources.
BV News and Trends March 2022
A monthly roundup of key developments of interest to business valuation experts.
Reminder: Pepperdine’s private cost of capital survey
Many valuation experts refer to the annual “Pepperdine Private Capital Markets Report” when estimating small private-company cost of capital.
Reminder: Pepperdine’s private cost of capital survey is now open
Forty percent of valuation experts use the annual “Pepperdine Private Capital Markets Report” for estimating small private-company cost of capital, according to a BVWire poll.