Business Valuation Books and Publications
The following guides provide information on books and publications which focus on business valuation and related topics. Publications are organized by subject matter, with publications covering a broad spectrum of valuation topics included under the "General Valuation Publications" subject heading.
Select the appropriate subject heading from the list below:
For publications specific to an industry, see our index which lists resource guides by SIC code for over 400 industries.
Valuing a Business: The Analysis and Appraisal of Closely Held Companies, 5th Edition
Pratt, McGraw-Hill, 2008
Comprehensive guide provides in-depth discussion of topics such as appraisal approaches and methods, discounts and premiums, writing and reviewing reports, and valuing specific securities and interests. Part VII focuses on appraisals for specific purposes, with topics covered including estate and gift tax, buy-sell agreements, income tax, ESOPs, ad valorem taxation, shareholder dissent and oppression actions, and marital dissolutions. Detailed table of contents can be viewed free online.
Standards of Value: Theory and Application, 2nd Edition
Fishman, Pratt, Morrison, Wiley, 2013
Text discusses the interaction between appraisal theory and its application for judicial and regulatory purposes and provides guidance on how standards of value are interpreted and applied in different contexts: fair market value for estate and gift taxes, fair value in shareholder dissent and oppression actions, standards of value in divorce, standards of value for partnership and LLC buy-outs, and fair value for financial reporting purposes. Detailed table of contents can be viewed free online.
PPC Guide to Business Valuations
Practitioners Publishing Company, annual updates
Three-volume publication provides a comprehensive guide to all aspects of the appraisal process, with appraisal methods covered including the guideline company, capitalized and discounted returns, excess earnings, and underlying assets methods. Volumes II and III include chapters which address specific types of engagements such as estate and gift taxes, professional practice, divorce, shareholder dissent and oppression actions, and financial reporting. Detailed table of contents can be viewed free online.
Business Valuation and Taxes: Procedure, Law, and Perspective
Laro, Pratt, Wiley, 2nd edition, 2011
Comprehensive resource addresses the laws, approaches, and procedures relevant to appraisals for federal estate, gift, and income tax purposes, and covers a wide range of topics including appraisal standards and methods, valuing minority and controlling interests in S corporations and other pass- through tax entities, subsequent events, personal versus enterprise goodwill, entity and shareholder level discounts, and weighting approaches. Detailed table of contents can be viewed free online.
Cost of Capital: Applications and Examples, 5th Edition
Pratt, Grabowski, Wiley, 2014
Comprehensive text provides in-depth discussion and analysis of cost of capital theory and application and the cost of capital models and data inputs used in implementing these models, with topics covered including the impact of a changing economic environment on risk-free rates and equity risk premiums, additional evidence with regard to size effect and premium, factors to consider in determining company-specific risk, and adjusting discount and capitalization rates for different measures of economic income.
Business Valuation Discounts and Premiums, 2nd Edition
Pratt, Wiley, 2009
Topics covered in this text include minority interest discounts, control premiums, lack of marketability discounts, key person discounts and premiums, discounts for trapped-in capital gains taxes, portfolio discounts, discounts for environmental, litigation, and other contingent liabilities, and other discounts and premiums applicable in performing a business appraisal, along with a discussion of common errors in applying discounts and premiums. Detailed table of contents can be downloaded and viewed online.
The Market Approach to Valuing Businesses, 2nd Edition
Pratt, Wiley, 2005
Text provides step-by-step guidance on using public and private market transaction data in valuing a business interest, with topics covered in the guide including defining market value multiples, valuation methods, finding comparative market transaction data, sample market approach cases, examples of applications of this approach in court cases, and common errors in implementing the market approach. Table of contents and selected text can be previewed online via Amazon.com's "Look Inside" feature.
Financial Valuation: Applications and Models, 3rd Edition
Hitchner, Wiley, 2011
Thirty nationally recognized contributing authors cover a wide range of topics in this publication, with individual chapters covering topics such as shareholder disputes, employee stock ownership plans, valuation in a divorce setting, professional practice valuation issues, intangible assets valuation, business damages, special industry valuations, and managing and marketing a valuation practice. Table of contents and selected text can be viewed online via Amazon.com's "Look Inside" feature.
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