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Valuing a Business, 6th Edition

The Analysis and Appraisal of Closely Held Companies


By Shannon Pratt (Author), ASA Educational Foundation (Author)

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


Price: $95 member; $105 non-member

  • Price includes $10 shipping & handling fee for domestic orders.

Special Offer: Order prior to March 22, 2022 and save 15% off retail price. Use promo code VAB$AVE during checkout. All proceeds benefit the ASA Educational Foundation.

Additional Discounts:

  • Enterprises - Companies wishing to purchase 5 or more copies are eligible for bulk savings.

Call (800) 272-8258 to start your savings today.

International Orders: Additional fees apply for international orders. For international quotations, e-mail your complete mailing address and phone number (including country code) to

About the Author:

Dr. Shannon P. Pratt, CFA, FASA, ARM, MCBA, ABAR, CM&AA (Portland, OR) is the Chairman and CEO of the valuation firm Shannon Pratt Valuations, Inc., and the founder and editor emeritus of Business Valuation Resources, LLC. He is the most respected and prolific author in the business valuation profession, and a Life member of ASA.

Contributing Authors:

Jennifer A. Allen, CPA/ABV, CFF, CFE; Harris Antoniades, Ph.D., CFA, FRM; Arlene L. Ashcraft, MBA, ASA, CFA; Barry A. Baker, ASA, CFA; Bob Bartell, CFA; Neil Beaton, ASA, CFA, CPA/ABV, CFF; Adriana Berrocal, MBA, ASA BV/IA; Heather Bolner, ASA, CFE; Liza Bowersox, ASA; Justin Burchett, Ph.D., CFA; Heather Bolner, ASA, CFE; M. Maxime Charlebois, Ph.D.; David G. Clarke, ASA; Matthew R. Crow, ASA, CFA; Nancy M. Czaplinski, MBA, ASA, CFA, CPA/CGMA/ABV; Jan I. Davis, MLIS; Richard De Rose, Ph.D., J.D.; David C. Dufendach, MBA, ASA, CPA; Andrew S. Fargason, CFA; Susan Fickling-Munge, CBE; Jay E. Fishman, FASA, FRICS; William H. Frazier, ASA; Carla G. Glass, FASA, IA, CFA; Roger J. Grabowski, FASA; Travis W. Harms, CFA, CPA/ABV; James P. Harrington; Erin D. Hollis, ASA, CDBV; Bruce A. Johnson, ASA; G. William Kennedy, Ph.D., M.A.S., CPA/ABV; Vladimir Korobov, ASA, CFA, CPA; Joseph L. Leauanae, ASA, CPA/CFF/CITP/ABV, CFE; Esteban Lecumberri; Timothy R. Lee, ASA; Jonathan Martin, MBA, ASA; Z. Christopher Mercer, FASA, CFA, ABAR; Ioannis Michopoulos, M.S.; Ruben Miranda, MBA, ASA; Robert B. Morrison, ASA IA; Joseph Muro, ASA, CEIV™, CFA; Alina V. Niculita, MBA, ASA, ARM-BV, CFA; John Osswald, CFA; Lucas M. Parris, ASA, CEIV™, IA, CFA; Kenneth J. Pia, Jr., ASA, CPA/ABV, MCBA; Anthony J. Pumphrey, ASA, CFA; William Quackenbush, ASA, MCBA, ABAR; Sujan Rajbhandary, CFA; Raymond D. Rath, FASA, CEIV™, IA, ARM-BV, CFA; Toby Reese; Janine N. Salyards, MBA, J.D., CFA, CPA; Charles S. Sapnas, ASA, CEIV™, CFA; Robert C. Schlegel, FASA, ARM-BV, MCBA; Judd Schneider, CFA; Ron Seigneur, MBA, ASA, CPA/ABV/CFF, CVA, CGMA; Keith Sellers, D.B.A., M.T., CPA/ABV; Mark R. Simzyk, ASA; Adam Smith, ASA, IA; Brendan Smith, M.S.; Trey Stevens, MBA, ASA; Aaron M. Stumpf, CPA/ABV; Chris Swiecicki, MBA; Jeffrey S. Tarbell, ASA, CFA; Joseph W. Thompson, ASA, CFA; Marissa Pepe Turrell, MBA, M.S., ASA, CVA; Donna J. Walker, FASA, ARM-BV, CFA; Laurie-Leigh White, ASA, CEIV™, IA, CPA/ABV; L. Deane Wilson, MA, ASA; Arik Van Zandt, ASA, CDBV; Mark L. Zyla, ASA, CFA, CPA/ABV


All proceeds benefit the ASA Educational Foundation,
a non-profit organization focused on education, research,
and charitable activities to advance the appraisal profession.