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You can't. Valuations are based on opinion and feelings.
by ravenstine 3y ago
You can't. Valuations are based on opinion and feelings.
- lotsofpulp 3y agoYou can certainly try to define it. https://www.ifrs.org/content/dam/ifrs/publications/pdf-standards/english/2021/issued/part-a/ifrs-13-fair-value-measurement.pdf https://www.ifrs.org/content/dam/ifrs/publications/pdf-stand...
- robertlagrant 3y agoHah - you got me for a second! But of course, from the doc: > Fair value is a market-based measurement, not an entity-specific measurement. For some assets and liabilities, observable market transactions or market information might be available. For other assets and liabilities, observable market transactions and market information might not be available. However, the objective of a fair value measurement in both cases is the same—to estimate the price at which an orderly transaction to sell the asset or to transfer the liability would take place between market participants at the measurement date under current market conditions (ie an exit price at the measurement date from the perspective of a market participant that holds the asset or owes the liability).