Business Valuation Calgary, Business Valuation Toronto
The Pitfalls of Applying Public Company Multiples to a Business Valuation

Challenges presented by business valuations based on comparison to public companies A common valuation technique is to study earnings multiples or other metrics from other transactions, and apply those measures to the subject company.  So, we start with “Competitor X is valued at 10 times earnings” and conclude that the…
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Done deals Calgary, Done deals Toronto
Why Valuators Shouldn’t Rely Solely on Done Deals

Challenges presented by business valuations based on comparison to completed transactions ("Done Deals") “Fair market value”—the highest price obtainable in an open and unrestricted market, between informed and prudent parties, under no compulsion to transact, expressed in terms of money or money’s worth—is a component of, or a starting point,…
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Expert witness cross examination
Cross-Examining the Business Valuator as Expert Witness

An expert witness in business valuation and litigation can, at times, present reports and analyses that embody embedded assumptions and subjective determinations that warrant further examination.   But cross-examining experts is always a challenge for a litigator, so it can be difficult to draw out these areas before the court. Jeff…
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