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Business valuation

Find out more about valuing a business and use our selection of guides, links, books and articles to identify best practice, techniques and tools.

Featured eBook

2016 International valuation handbook: Guide to cost of capital
(Wiley, 2015)
The handbook provides data and guidance that will enable you to assess risk and to develop cost of capital estimates on a global scale.

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Bloomsbury Accounting and Tax Service

Eligible firms have free access to Bloomsbury Professional's comprehensive online library, comprising more than 60 titles from some of the country's leading tax and accounting subject matter experts. Find out who is eligible and how you can access the Bloomsbury Accounting and Tax Service.

Valuing a family or owner-managed company

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Peter Rayney Tax Planning for Family and Owner-managed Companies 2023

Advice on valuing a family or owner-managed company, written for anyone who advises or runs one.

IHT: valuations of assets in a falling market

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Julian Harris, Mark McLaughlin, Andrew Needham, Lee Sharpe Busy Practitioner 2023

An update on how best to deal with the expected decrease in estate asset values from an inheritance tax (IHT) viewpoint. The article recommends that it would seem an appropriate time to review the affairs of clients with possible IHT exposure on their estates.

Property valuations: Too high?

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Mark McLaughlin Busy Practitioner 2021

HMRC valuations of land and buildings involving development value should be critically reviewed and challenged where necessary, says Mark McLaughlin.

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Terms of use: You are permitted to access, download, copy, or print out content from eBooks for your own research or study only, subject to the Acceptable usage terms.


The Library provides full text access to a selection of key business and reference eBooks from leading publishers. eBooks are available to logged-in ICAEW members, ACA students and other entitled users. If you are unable to access an eBook, please see our Help and support advice or contact library@icaew.com.

Accounting and business valuation methods: how to interpret IFRS accounts

A detailed guide to the different methods of ascertaining the value of a business.

Accounting for goodwill and other intangible assets

This title looks at the treatment of goodwill and other intangibles under IFRS and US GAAP and explains common practice in valuing these assets.

Accounting for value

Accounting for Value aims to teach investors and analysts how to handle accounting in evaluating equity investments.

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Terms of use: You are permitted to access, download, copy, or print out content from eBooks for your own research or study only, subject to the terms of use set by our suppliers and any restrictions imposed by individual publishers. Please see individual supplier pages for full terms of use.

Online articles

The Library provides access to leading business, finance and management journals. These journals are available to logged-in ICAEW members, ACA students and other entitled users subject to suppliers' terms of use. 

The 'G' element in 'ESG' for commercial real estate

Bruce Turner explores our rapidly evolving understanding of ESG factors related to commercial real estate, and its challenges to market acceptance in either investment analysis or valuation. He also looks briefly at responses to ESG by professional valuers' associations in a still uncertain environment.

Determining working capital adjustments using a Bardahl analysis

An excerpt from Gary Trugman’s Understanding Business Valuation, 6th edition, which gives some practical advice on how to use a Bardahl analysis to adjust for working capital. Business valuers often need to determine how much working capital is required for a company's operations, and the Bardahl analysis method is one way of going about this. It can be a particularly useful tool for manufacturing companies.

A model for forecasting a multiple-location, growing business

A look at how valuation expert Gary Trugman (Trugman Valuation) dealt with a business valuation for a growing New York fitness club franchise with multiple locations. Trugman developed a 'profile' of the company's typical location, based on historical financial information. That profile was then used to forecast the performance of future locations to use in a discounted cash flow (DCF) approach.

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Useful links


Valuation Community
Homepage of ICAEW's Valuation Community. Find out how to join the Group and access its extensive collections of professional guidance and valuation resources.

Research guide to UK share prices
In-depth guide to sources for current and historical UK share prices.

Research guide to international share prices
A guide listing a range of print and online sources for international share prices.

Other links

International Valuation Standards Council
The IVSC is a not-for-profit private sector organisation that seeks to strengthen the worldwide valuation profession.

Private Company Price Index (PCPI)
Quarterly newsletter from BDO which includes an analysis of the price/earnings ratio for private company sales in the UK.

Property Market Report 1982
Archived report from the Valuation Office Agency prepared as a source of historic property values for land, commercial and residential units.

Shares of negligible value (HM Revenue & Customs)
Official listing of shares or securities formerly quoted on the London Stock Exchange which have been officially declared of negligible value for the purposes of a claim under s.24(2) Taxation of Chargeable Gains Act 1992.

Small and Medium Enterprises Valuation Index (UK 200 Group)
SME company valuation index launched by the UK 200 Group in November 2009 drawing on data from UK200Group Corporate Finance members.

Valuing a business for sale
Short introduction to selling a business from smallbusiness.co.uk. Published in 2021.

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Articles and books in the Library collection

To find out how you can borrow books from the Library please see our guide to book loans.

You can obtain copies of articles or extracts of books and reports by post or email through our document supply service.

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ICAEW accepts no responsibility for the content on any site to which a hypertext link from this site exists. The links are provided ‘as is’ with no warranty, express or implied, for the information provided within them. Please see the full copyright and disclaimer notice.