Discounts for Lack of Marketability
Valuation discounts applied to ownership interests that cannot be readily sold in an active market.
Private-company valuation, post-money valuation, pre-money valuation, marketability discount, and net-net valuation terms.
Private Company and Transaction Valuation covers private-company valuation, post-money valuation, pre-money valuation, marketability discount, and net-net valuation terms.
Use these pages when the selected valuation method, appraisal evidence, fair-value basis, or transaction context changes the value conclusion. It sits inside Valuation Methods and Appraisal, so readers can move up when the broader valuation context matters.
Use the table below to choose the narrower valuation branch before relying on a model input, market multiple, forecast, risk premium, price signal, or recommendation.
| Area | Use it for |
|---|---|
| Discounts for Lack of Marketability | Valuation discounts applied to ownership interests that cannot be readily sold in an active market. |
| Marketability | The degree to which an asset, security, or ownership interest can be sold without excessive delay, restriction, or discount. |
| Net-Net Valuation | A deep-value stock screen that compares market value with net current asset value after subtracting total liabilities. |
| Post-Money Valuation | The implied company value immediately after a financing round, usually equal to pre-money valuation plus new investment. |
| Pre-Money Valuation | The implied company value before a new financing round, used to calculate investor ownership and dilution. |
Valuation content is educational and does not provide investment, tax, legal, accounting, appraisal, or valuation advice.
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Valuation discounts applied to ownership interests that cannot be readily sold in an active market.
The degree to which an asset, security, or ownership interest can be sold without excessive delay, restriction, or discount.
A deep-value stock screen that compares market value with net current asset value after subtracting total liabilities.
The implied company value immediately after a financing round, usually equal to pre-money valuation plus new investment.
The implied company value before a new financing round, used to calculate investor ownership and dilution.