The process of determining how much an asset, company, or anything else is worth. Valuation is highly subjective, but it is easiest when one is considering the current value of tangible assets.
A process for calculating the monetary value of an asset. Valuation is subjective and results in wide disparities for the values of most assets.
Why have a valuation done?
Commencing a sale process,
Resolving shareholder disputes,
For business planning & future decision-making,
Determining tax obligations,
For litigation purposes(including divorce),
To access external sources of funding.