PRACTICE PAPER: Price and worth Developments in valuation methodology

Abstract

Looks at the philosophy of valuation, explaining the distinction between “worth” and “price”. Attempts to explain traditional techniques of assessing price. Looks at the development of discounted cash flow and its applications in valuations and calculations of worth. Concludes that there must be more openness with clients about valuation risks and issues so that they can make informed judgements.

Citation

Peto, R., French, N. and Bowman, G. (1996), "PRACTICE PAPER: Price and worth Developments in valuation methodology", Journal of Property Valuation and Investment, Vol. 14 No. 4, pp. 79-100. https://doi.org/10.1108/14635789610153489