"A business valuation involves logical application/analysis of historical/future tangible and intangible attributes of business". Do you agree with this statement? What are the aspects involved in the preliminary study o

Yes, the statement is true and agreeable. The preliminary study to valuation involves the following aspects: Purpose of valuation. Goodwill/Brand name in the market. Business environment of the entity to be valued. Estimation/forecast of future cash flows as accurately as possible. Is company listed on any stock exchange? If listed, whether shares of the company are traded frequently? The industry to which the concerned entity belongs to. The industry P/E ratio, past and future growth rate. Who are the competitors locally and globally? Whether any similar valuation has been done recently The technology concerning the enterprise and its probability of obsolescence. The accepted discounting rate. Market capitalization aspects. Identification of hidden liabilities through analysis of material contracts. Last years audited balance sheets.