Marktwertansätze

Marktwertansätze, in English market value approaches, are a fundamental concept in business valuation. They represent different methodologies used to estimate the fair market value of an asset or a business. These approaches are not mutually exclusive and are often used in conjunction to provide a comprehensive valuation.

The primary Marktwertansätze are typically categorized into three main groups: the asset-based approach, the income-based approach, and the market-based approach. The asset-based approach focuses on the sum of the individual assets of a business, less liabilities. This can be done on a going concern basis or liquidation basis. The income-based approach, conversely, values the business based on its future earning potential. This involves projecting future income streams and discounting them back to their present value. Common methods within this approach include discounted cash flow (DCF) analysis. Finally, the market-based approach compares the business to similar businesses that have recently been sold or are publicly traded. This involves using valuation multiples derived from comparable transactions or companies. The choice of which Marktwertansätze to apply, and the specific methods within each, depends heavily on the nature of the asset or business being valued, the purpose of the valuation, and the availability of relevant data. Ultimately, these approaches aim to arrive at an objective and justifiable estimate of value.