NOTE

1. See Ibbotson and Sinquefield (1989); data is updated annually by Ibbotson Assoicates.

a Copyright © 1990 Gregory A. Gilbert, CFA. Reprinted with permission from ICFA Continuing Education Series (1990):23–30. This chapter comes from the Valuation of Closely Held Companies and Inactively Traded Securities conference held in Chicago on December 5, 1989. When this article was originally published, Gregory A. Gilbert, CFA, was president of Corporate Valuations, Inc.

Get Valuation Techniques: Discounted Cash Flow, Earnings Quality, Measures of Value Added, and Real Options now with the O’Reilly learning platform.

O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.