Overview

An A-to-Z guide to private enterprise valuation by leading industry experts. Now in book form, the concepts herein have been used in training over 25,000 professionals to understand the ins and outs of business valuation. Business Valuation: Fundamentals, Techniques, and Theory is the authoritative body of knowledge for entry-level and seasoned business valuators. To determine an accurate estimate of value of a business or company unit, you will need a thorough understanding of the purposes for a valuation and the methodologies that are appropriate to each situation. Written by leading valuation experts, this book will teach you all the processes that need to be addressed when valuing a business enterprise, including calculating cost of capital, determination of appropriate earnings, selection of valuation methodology, and the amount and type of discounts and/or premiums to apply. You will also learn the principles of analyzing and normalizing financial statements, and factoring into consideration conditions within the local, national, and industry economic environment.  In addition to clear and comprehensive explanations of the theories and practices involved in private enterprise valuation, this book includes many features that will help business advisors be more value driven focused. A practice case offers an opportunity to walk through the complexities common in a real-world valuation, reinforce the techniques and nuances to writing a quality business valuation report, and give you a solid understanding of the industry standards that drive the report and the underlying analysis. With this valuable resource, you will learn how to: Identify the appropriate valuation methods and ancillary considerations for any situation Gather the information you need to properly calculate the value of a business Deal with the complexities such as future benefit streams and cost of capital Abide by the standards, regulations, and guidelines relevant and applicable to business valuators This valuation guide is a must for business valuators, CPAs, accountants, economists, business consultants, financial advisors, stock analysts, merger and acquisition professionals, and students studying in any business discipline.

Full Product Details

Author:   NACVA ,  Parnell Black (NACVAC) ,  Lari B. Masten
Publisher:   John Wiley & Sons Inc
Imprint:   John Wiley & Sons Inc
Dimensions:   Width: 22.60cm , Height: 4.30cm , Length: 29.70cm
Weight:   1.157kg
ISBN:  

9781394204731

ISBN 10:   1394204736
Pages:   464
Publication Date:   26 February 2026
Audience:   College/higher education ,  Professional and scholarly ,  Tertiary & Higher Education ,  Professional & Vocational
Format:   Hardback
Publisher's Status:   Forthcoming
Availability:   Out of stock  

Table of Contents

About NACVA's Business Valuation Credential: Certified Valuation Analyst (CVA) xvii About NACVA's Financial Forensics Credential: Master Analyst in Financial Forensics (MAFF) xviii Foreword xix Introduction 2 The Valuation Process Pyramid 2 Piecing It all Together 3 A Note on Glossaries 4 Additional Resources 4 1 Overview: Basics of the Engagement Process and Foundation for Valuation Analysis 7 2 Qualitative Analysis 33 3 Quantitative Analysis 43 4 Normalization Process 69 5 Approaches and Methods Overview 103 6 Benefit Streams 111 7 Cost of Capital Concepts 143 8 Asset Approach and Methods 183 9 Income Approach and Methods 197 10 Market Approach and Methods 229 11 Discounts, Premiums, and Other Adjustments 285 12 Reconciliation and Sanity Checks 325 13 Conclusion or Calculated Value—Professional Standards 337 14 Special Purpose Valuation 345 15 Engagement Acceptance and Planning 377 16 Effective Report Writing 387 About the Contributors 406 Glossary 414 Afterword 424 Court Case Index 425 Subject Index 427

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Author Information

National Association of Certified Valuators and Analysts® (NACVA®) The Authority in Matters of Value® Founded in 1990, NACVA provides globally recognized certifications, professional standards, and technical resources for business valuation and financial forensics professionals. Credentialing more than 11,000 analysts worldwide, over 80% hold the Certified Valuation Analyst® (CVA®) and/or Master Analyst in Financial Forensics® (MAFF®).

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