Figures / Valuation model
1, 0.5 and 0.25
How much a sale, a buyer's offer and an intermediary's figure count against each other
A principle of the model, not a reading: a sale that happened counts fully, a buyer's own published offer half, a figure from a broker, a marketplace or a vendor's guide a quarter. Each comparable also counts less with age and with how far it has to be moved to describe the company.