counterbalance dogmatic criticism regarding the concept's arbitrary nature, <<intrinsic multiples" are introduced, which provide an … analytical connection between multiples and fundamental valuation. Furthermore, I propose an adjustment framework to … selection combined with valuation multiple aggregation through the median of peer pricing multiples is generally appropriate …

The article examines the market valuation approach using industry market multiples as this method has recently … attracted increasing interest from appraisers. It investigates whether constructing one’s own industry market multiples for … company valuation which are based on a market approach provides better results than using Damodaran’s market multiples in …