Review: Valuing A Business “VAB” 6th Edition by Ray Moran
Ray Moran reviewed Valuing A Business, 6th Edition, sponsored by the American Society of Appraisers Educational Foundation, and posted in the International Valuation Standards Council eNews. Valuing a Business is one of the first textbooks on business valuation and has been instrumental in elevating business valuation as a profession. The first edition, Valuing a Business: The Analysis and Appraisal of Closely Held Companies, was authored by Shannon P. Pratt in 1981, and has been updated over the years to the current sixth edition. The book is frequently cited, referenced, and quoted in valuations, litigation, and publications worldwide, and has served as a foundational reference for business valuation education worldwide, including in the International Institute of Business Valuers (‘iiBV”) education courses. Shannon Pratt passed away in 2021, but his work continues, now sponsored by the ASA Educational Foundation, and sixty-seven leading business valuers have collaborated to update the 6th edition, spending an estimated 8,000 hours to both update existing chapters, and add new topics and an on-line appendix. https://www.ivsc.org/review-valuing-a-business-6th-edition-by-raymond-moran/