Business-valuation

This book is aimed primarily at professional machinery and equipment appraisers. However, real estate appraisers, business appraisers, and accountants interested in the valuation of industrial facilities will also find it useful, since this book is one of the very few to discuss the valuation of entire plants.

This is the only book I am aware of (I'm a professional appraiser) on the subject of the valuation of machinery, equipment and other industrial assets. The new book supercedes a 1989 predecessor volume issued by the same publisher (the American Society of Appraisers). The new book is a substantial improvement over the predecessor volume.

The book discusses the following subjects (not an exhaustive list): valuation concepts and definitions; description and listing of assets; cost approach to value; sales comparison approach to value; income approach to value (especially of entire plants); report writing; ethics; and related topics.

Especially noteworthy is the discussion of how the three traditional appraisal approaches can be applied to the valution of complete industrial facilities such as paper mills and power plants. These discussions include illustrative examples.

Written by the Machinery & Technical Specialties Committee of the American Society of Appraisers, the book is destined to be authoritative in its field for many years to come. As such, it is a "must buy" for any appraiser of machinery, equipment, and other industrial assets, as well as other appraisers and accountants interested in the valuation of industrial plants and process facilities.

For those who are interested in the management of organizational knowledge and intangible assets, 'Valuing intangible assets'should prove to be highly practical. There are many knowledge management frameworks out there that assist business executive to manage their intangible assets (such as Sveiby's intangible asset monitor), the practical usage of these frameworks would be greatly enhanced by incorporating the valuation aspect of intangible assets. The author provides a comprehensive illustration of both the 'scientific' & 'artistic' aspects of valuating intangible assets. The book is easy to read with useful examples, it is a rare one in the market.

A larger portion of the value of a company nowadays comes from Intangibles (brands, patents, workforce & related contracts, durable customers etc.). This holds true in several industry sectors. Measurement of intangibles is a fascinating subject, but until this book was published, there was no single body of knowledge available to guide the general reader, or a Valuation professional. You had to work in one of the reputed valuation firms to be exposed to the techniques. This book is by far the best practitioner-oriented Intangibles Valuation book I have come across. It is very comprehensive in terms of the topics it covers, and does a wonderful job of covering almost all intangibles of interest. Each chapter is written by a relevant expert, and this invariably leads to variations in quality and some lack of consistency. However, for the most part, it is very well written, and definitely worth the price it sells for.

A great book for anyone or performs valuations of intangible assets or wants to learn how. I believe that this book will become to intangible valuation what Pratt's book is to business valuation.