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Basic Question 1 of 6
What is the private company valuation approach that corresponds to the discounted cash flow models in public equities analysis?
B. The market approach.
C. The asset-based approach.
A. The income approach.
B. The market approach.
C. The asset-based approach.
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I just wanted to share the good news that I passed CFA Level I!!! Thank you for your help - I think the online question bank helped cut the clutter and made a positive difference.
Edward Liu
Learning Outcome Statements
explain the income, market, and asset-based approaches to private company valuation and factors relevant to the selection of each approach;
explain cash flow estimation issues related to private companies and adjustments required to estimate normalized earnings;
CFA® 2025 Level II Curriculum, Volume 4, Module 25.