Valuation
Purpose-built analysis for transactions, planning, financial reporting, and other decisions that require a supportable view of value.
Explore valuation workIndependent valuation advisory
Clear, documented analysis for private-company valuation, 409A engagements, and stock compensation matters. Each conclusion is built to be understood, reviewed, and used.
Valuation, 409A, and ASC 718 questions differ. AVAL starts by defining the purpose, standard of value, and decision the work needs to support.

Practice areas
AVAL connects financial analysis, capital structure, and the applicable valuation purpose in one reviewable body of work.
Purpose-built analysis for transactions, planning, financial reporting, and other decisions that require a supportable view of value.
Explore valuation workIndependent common-stock fair market value analysis, with the assumptions, methods, and supporting record presented clearly.
Understand the 409A processValuation analysis for options and other equity awards, including work that supports ASC 718 financial-reporting questions.
View stock compensation topicsAward-level valuation support for options, RSUs, PSUs, and market conditions in financial-reporting work.
Understand ASC 718 supportContingent-payment analysis that maps deal terms, operating scenarios, timing, and risk to a reviewable present-value conclusion.
Explore earnout valuationPartner-ready analysis for accounting firms and other advisers, with client-facing reports delivered under an approved firm or third-party name.
Explore B2B servicesHow AVAL works
Clarify the valuation date, purpose, subject interest, intended use, and information available for the analysis.
Review financial performance, outlook, market evidence, capital structure, award terms, and other relevant facts.
Reconcile methods, test key assumptions, and review the work for internal consistency and clear support.
Present the conclusion, methods, and assumptions in a useful report, with a clear record for subsequent review.
Evidence of quality
A valuation report should make the analytical path visible. AVAL organizes the conclusion, methods, assumptions, and supporting schedules so the reader can understand how the pieces connect.
Conclusion
$8.42 per share
Common stock fair market value · illustrative only
USD millions · common-stock allocation
| Band | Lower | Upper | Common % |
|---|---|---|---|
| 1 | 0.0 | 5.0 | 0.0% |
| 2 | 5.0 | 10.0 | 0.0% |
| 3 | 10.0 | 14.0 | 100.0% |
| 4 | 14.0 | 21.5 | 80.0% |
| 5 | 21.5 | 39.0 | 57.1% |
| 6 | 39.0 | ∞ | 50.0% |
Full schedule includes option values, allocations to every share class, and the per-share reconciliation.
This example uses fictional facts and values to demonstrate presentation only.
Engagement scope
AVAL defines the work after understanding the company, the security, and how the conclusion will be used. The proposal then sets out the agreed scope and deliverables.
Start a scope discussionThe valuation purpose, effective date, expected review process, and delivery schedule frame the engagement.
Stage, financial history, capital structure, transactions, forecasts, and award terms affect the work required.
The report format, supporting schedules, scenario needs, and expected follow-up determine the final scope.
Start with the question
Share the company, timing, and purpose. AVAL will use that context to frame a focused scope discussion.