Verðmatið
Verðmatið is the process of estimating the monetary value of an asset or liability, used in Icelandic business, finance, and public administration. The term combines verð (price) and mat (assessment or evaluation), and in practice it covers price valuation for transactions, insurance, taxation, corporate reporting, and legal disputes. Valuations aim to produce a substantiated value that can be justified to buyers, sellers, authorities, or courts.
Valuations typically rely on a mix of methods. Market-based approaches compare the asset with recent, similar
Practically, verðmatið is performed by licensed appraisers, financial professionals, or qualified experts who adhere to national
Limitations include data gaps, market volatility, asset-specific factors, and regulatory changes. Ongoing reviews are common as