Aktuálne číslo: 2/2020
ISSN 2585-9358 (online)




Business appraiser face a problem in their practice when it comes to answering questions about what to do and what provisions should be followed and how to make decisions about the selection of valuation methods. The data presented in the literature, the valuation reports in practice, show that the value of a company or shareholding calculated by different methods may differ significantly in individual cases. Therefore, based on the available data and their analysis, it is necessary to justify which methods or combinations of methods, taking into account the factors influencing the business, will fully reflect the value of the business (shareholding) of the company. This article presents an analysis and systematization of literature on business valuation techniques and their application to business (stock) value calculations. The authors provide a model for the selection of valuation methods that can be used by professional appraisers and potential investors when making decisions related to the process of acquiring shareholdings in companies.


Vydanie: 2019/1     Strany: 24-36     Klasifikácia JEL: D81, G32, M21

Kľúčové slová: business valuation, methods, income approach, market approach, assets


Prof. Valentinas Navickas, DrSc.
Department of Management and Development of Human Resources
Faculty of Social and Economic Relations
Alexander Dubček University in Trenčín
Študentská 3, 911 50 Trenčín, Slovensko
e-mail: valentinas.navickas@tnuni.sk

Mgr. Rusnė Jegelavičiūtė,
PhD. student
Facultz of Social and Economic Relations
Alexander Dubček University of Trenčin
Študentská 3, Trenčín, 911 50
e-mail: rusnejegelaviciute@gmail.com.


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