Remove Appraisal Remove Book Value Remove Equity Remove Terminal Value
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Fair Market Value and the Nonexistent Marketability Discount for Controlling Interests

Chris Mercer

Fair Market Value Defined Fair market value occurs at the intersection of hypothetical negotiations between hypothetical willing, knowledgeable and able buyers and sellers. Therefore, in every fair market value determination prepared by business appraisers, it is critical that both buyers and sellers are present for the negotiation.

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Deja Vu #11: Can Restricted Stock Studies Be Used to Estimate DLOMs for Dividend-Paying Companies?

Chris Mercer

The median market value of equity (MVE) for dividend-paying stocks was $133 million, and the average MVE was $248 million. The differing natures of the two groups of transactions can be seen when looking at the price/book value multiples. And what about the terminal value that gives rise to capital appreciation?