Relative valuation is the most common for business valuation. The dominance of multipliers in practice contrasts sharply with their insufficient consideration in modern textbooks on valuation. It is concluded that the existing criticism of the comparative approach is largely not constructive enough. The fundamental disadvantages of using the discounted cash flow method turn out to be much more significant.
Translated title of the contributionVALUATION MULTIPLES: THE GAP BETWEEN THEORY AND PRACTICE OF BUSINESS VALUATION
Original languageRussian
Pages (from-to)1065-1068
JournalЭКОНОМИКА И ПРЕДПРИНИМАТЕЛЬСТВО
Issue number7(144)
DOIs
StatePublished - 2022

    Research areas

  • RELATIVE VALUATION, income approach, MULTIPLES, BUSINESS VALUATION

ID: 103051966