The NICE Method Theory and Application

Will Frazier, Managing Director, Valuation Services, shares his research on Nonmarketable Investment Company Evaluation (NICE) Method with ASA’s Business Valuation Review. 

• “The NICE Method, a valuation method under the Income Approach to value, determines the fair market value of noncontrolling equity interests in closely held investment entities such as family limited partnerships. This paper describes the theory of the method and the mechanics of its application in a valuation model.”

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