As the coronavirus pandemic unfolds, valuation analysts face the challenge of completing valuation engagements in real-time against a constantly changing economic backdrop. In this article, we will review what valuation analysts can know, can’t know, and don’t need to know when developing valuation conclusions for minority interests in private businesses in 2020.
The levels of value
Having a very clear assignment definition is, as always, essential. It is impossible to develop a reasonable valuation conclusion without clearly specifying the level