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New 6th Edition of Valuing a Business Publication Available for Pre-Order

Sep 30, 2021

The seminal book on business valuation is back and better than ever. Shannon Pratt's Valuing a Business has been the go-to valuation guide for 40 years. We are excited to announce the publication of the 6th Edition! It has been updated with need-to-know information and is again the best resource on the market for both new and experienced business appraisers. It is available for pre-order now.

Shannon Pratt wrote and published the groundbreaking first edition of Valuing a Business in 1981. The 6th edition is written for business appraisers and users of business appraisal reports by some of the most accomplished appraisers in the profession in honor of Dr. Pratt and with his input and blessing. The 6th edition provides a comprehensive reference and update for business appraisers, a complete self-contained text for both academic courses and beginning practitioners, and an easy-to-use reference for non-appraisers who use and/or evaluate business appraisals.

Updates include:

  • Many new court decisions from the last 12 years shedding new light on aspects of valuation
  • Checklists for reviewing reports―perfect for practitioners and attorneys
  • Risk-measurement methods for estimating cost of capital
  • Data sources for estimating discounts for lack of control, liquidity, and marketability
  • 8 new chapters including chapters on fairness and solvency opinions and the valuation of REITs

The publication is available for pre-order online at

Pricing is $95 for ASA members and $105 for non-members and includes a $10 shipping & handling fee for domestic orders. Order prior to March 22, 2022 and save $5 (use promo code VAB$AVE). All proceeds benefit the ASA Educational Foundation. Additional discounts are available for enterprises or organizations wishing to purchase 5 or more copies.

Valuing a Business was originally authored by legendary business valuer and life ASA member, Shannon P. Pratt, FASA, ARM. The new 6th edition is being published by McGraw Hill with underwriting sponsored by ASA's Educational Foundation. All proceeds benefit education, research and charitable activities to advance the appraisal profession.

Fellow Accredited Senior Appraiser and senior member of the team that championed the publication, Roger J. Grabowski, FASA, noted the updated Valuing a Business covers both the concepts of business valuation and practices for doing it right. He continued by saying, "It is the most comprehensive book designed to be read by both valuers and non-valuers, providing guidance from over sixty contributing authors on nearly every aspect of valuation. The Sixth Edition continues the easy to read style that has been the hallmark of Shannon’s books."

ASA CEO, Johnnie White, stated "The Society is honored to continue this publication's legacy and impact, not only for today's business valuers and allied professionals, but also for a new generation of appraisers through the support of the Foundation."