Business valuations are assessments that determine the economic value of a business or company. This process involves analyzing various factors, including financial performance, market conditions, and the company's assets and liabilities. Valuations are essential for various purposes, such as mergers and acquisitions, investment analysis, and financial reporting. There are several methods for conducting a business valuation, including the income approach, market approach, and asset-based approach. Each method provides different insights and can be used depending on the specific circumstances of the business. Accurate valuations help stakeholders make informed decisions regarding investments and strategic planning.