PORTABLE MBA IN FINANCE AND ACCOUNTING CHAPTER 18

18 BUSINESS VALUATION. Michael A. Crain. It has been said that determining the value of an investment in a closely held business is similar to analyzing securities of public companies. The theories are similar and not overly complex on the surface. There are even Web sites that proclaim to be able to value a private business. But like so many things in the business world, the devil is in the details.