We are pleased to present the latest issue of our quarterly publication, a collaborative effort by the EACVA (European Association of Certified Valuators and Analysts) and the International Valuation Standards Council (IVSC), where you will find articles and useful business valuation data tailored for business valuation professionals to help you stay up to date. In this issue:
[Read more…] about The spring edition of the European Business Valuation Magazine (EBVM) 2/2025 is out now!Blog
Damodaran: Equity Risk Premiums (ERP): Determinants, Estimation, and Implications – The 2025 Edition published

The equity risk premium is the price of risk in equity markets, and it is not only a key input in estimating costs of equity and capital in both corporate finance and valuation, but it is also a key metric in assessing the overall market.
Follow the link.
EBVM – New Issue Winter 2024/2025 is out

Content:
- Editorial: Revision of the Business Valuation Standards in Germany and Austria: Exposure Drafts Published
Wolfgang Kniest, CVA - Assessment of Damage to a Companyʼs Image
Hugo Martinez - Patent-based Startup Valuation
Fabian Völker, M.Sc. / Dr. Christian Reichert, CVA, MBA - Cost of Capital Study 2024: The New Dilemma: Balancing Interest Rates and Growth
Heike Snellen / Dr. Andreas Tschöpel, CVA/CEFA/CIIA - Data: Industry Betas and Multiples (for Eurozone Companies)
Dr. Martin H. Schmidt / Dr. Andreas Tschöpel, CVA, CEFA, CIIA - Data: Transaction Multiples (Scandinavia and Britain)
Prof. Dr. Stefan O. Grbenic, StB, CVA - News from IVSC
- Data: Discounts for Lack of Marketability (Europe)
Prof. Dr. Stefan O. Grbenic, StB, CVA
Download the current issue and further information on the European Business Valuation Magazine here.
New Book

After 15 years, the 4th edition of Damodaran’s Investment Valuation Tools and Techniques for Determining the Value of any Asset has now been published.
Enjoy reading. Link to the book.
EBVM – New Issue Fall 2024 is out

Content: Start-up, asset valuation, real estate, beta and transaction multiple data, news
Framework for Start-up Valuation
Dr. Wiktor Patena / Wolfgang Kniest, CVA
The System Approach and Its Use in Asset Valuation
Roman Sustek, Ph.D.
Data: Industry Betas and Multiples (for Eurozone Companies)
Dr. Martin H. Schmidt / Dr. Andreas Tschöpel, CVA, CEFA, CIIA
Data: Transaction Multiples (Central and Western Europe, Southern Europe)
Prof. Dr. Stefan O. Grbenic, StB, CVA
News from IVSC
News from EACVA
IVSC Members Introduce Themselves:
European Valuation Institute (EVI)
Download the current issue and further information on the European Business Valuation Magazine here.