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European Association of Certified Valuators and Analysts

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The spring edition of the European Business Valuation Magazine (EBVM) 2/2025 is out now!

Wolfgang Kniest · 6 June 2025

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:

  • Editorial: People, Machines, and Added Value: The Future of Business Valuation
    Andreas Creutzmann, WP/StB, CVA
  • The Cost of Debt – A Primer on Understanding Important Implications of SME Debt
    Dr. Timo Teinilä, D.Sc. / Dr. Harri Seppänen, Ph.D., CVA
  • Calculation of Equity Risk Premium Based on European Data
    Mgr. Jan Marek, CFA / Mgr. Veronika Hnathová / Petra Mazáčková, M.Sc.
  • Value of Lost Profits Equals the Diminution in Business Value Under Certain Assumptions – A mathematical proof with commentary for practitioners in disputes contexts
    Peter Maras
  • Data: Industry Betas and Multiples (for Eurozone Companies)
    Dr. Martin H. Schmidt / Dr. Andreas Tschöpel, CVA, CEFA, CIIA
  • Data: Transaction Multiples (Eastern Europe)
    Prof. Dr. Stefan O. Grbenic, StB, CVA
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