The Market Approach to Valuing Businesses, Second Edition

Preface.

Section One: Questions.

• 1. Defining Market Multiples and Market Approach Methods.
• 2. The Guideline Public Company Method.
• 3. The Guideline Merged and Acquired Company Method.
• 4. Other Market Methods.
• 5. Finding Public Company Market Transaction Data.
• 6. Finding Merger and Acquisition Market Data.
• 7. Adjusting Financial Statements.
• 8. Comparative Financial Analysis.
• 9. Compiling Useful Market Value Tables.
• 10. Selecting, Weighting, and Adjusting Market Value Multiples.
• 11. Control Premiums and Minority Discounts.
• 12. Discounts for Lack of Marketability.
• 13. and 14 Sample Case Questions.
• 15. Reconciling Market Approach Values with Income and Asset Approach Values.
• 16. Does Size Matter? Evidence from Empirical Data.
• 17. Common Errors in Implementing the Market Approach.
• 18. The Dismal Track Record of U.S. Market Acquisitions.
• 19. The Market Approach in the Courts.

Section Two: Answers.

• 1. Defining Market Multiples and Market Approach Methods.
• 2. The Guideline Public Company Method.
• 3. The Guideline Merged and Acquired Company Method.
• 4. Other Market Methods.
• 5. Finding Public Company Market Transaction Data.
• 6. Finding Merger and Acquisition Market Data.
• 7. Adjusting Financial Statements.
• 8. Comparative Financial Analysis.
• 9. Compiling Useful Market Value Tables.
• 10. Selecting, Weighting, and Adjusting Market Value Multiples.
• 11. Control Premiums and Minority Discounts.
• 12. Discounts for Lack of Marketability.
• 13. and 14 Sample Case Answers.
• 15. Reconciling Market Approach Values with Income and Asset Approach Values.
• 16. Does Size Matter? Evidence from Empirical Data.
• 17. Common Errors in Implementing the Market Approach.
• 18. The Dismal Track Record of U.S. Market Acquisitions.
• 19. The Market Approach in the Courts.