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Value Alpha

Alpha for private markets.

Live multiples. Defensible valuations. The intelligence layer for private markets - written for searchers, advisors, and owners who need the numbers before everyone else.

30 published·Updated weekly·
Guides
6 published

Definitive references on valuation methodology. Written to rank and to teach - the source of truth for how Value Alpha thinks about private markets.

01How-To·12 min

How to Value a Startup: Methods That Actually Work

A practical guide to valuing a startup at any stage: why earnings multiples and DCF break down, and how to use Scorecard, Berkus, the VC method, revenue multiples, comparable rounds, and scenario-weighted First Chicago to reach a defensible range.

startup valuationhow to value a startuppre-revenue valuation
02How-To·13 min

How to Value a Limited Company (LLC / Ltd): A Practical Guide

A step-by-step guide to valuing a private limited company: normalize the P&L with owner add-backs, bridge from enterprise to equity value with net debt, run DCF, comps, and the asset floor, then apply minority and marketability discounts and reconcile into a defensible range.

limited company valuationhow to value an LLChow to value a Ltd
03How-To·12 min

How to Value a Business: A Step-by-Step Guide

A practical, step-by-step guide to valuing a business: recast the financials, pick the right methods, run DCF, comps, and the asset floor, then reconcile into a defensible range.

business valuationhow to value a businessDCF
04Reference·13 min

SBA 7(a) Business Valuation Requirements: The Complete 2026 Guide

Everything ETA buyers and sellers need to know about SBA 7(a) business valuation requirements under SOP 50 10 8 - the $250,000 independent appraisal threshold, who qualifies to perform the valuation, accepted methods, costs, and timelines.

SBA 7(a)business valuationchange of ownership
05How-To·8 min

Free Business Valuation Calculator - How It Works and How to Use It

Free business valuation calculator powered by 11,000+ SMB comps. Get a VA Index in under a minute - bear, base, and bull estimates with a confidence score. No signup, no credit card.

calculatorvaluationEBITDA multiples
06Concepts·12 min

What Is Alpha in Private Business? The Five Sources of Excess Returns

Alpha in private markets is excess return above a benchmark. Five sources: information asymmetry, operational improvements, multiple arbitrage, valuation gaps, and roll-ups.

private equityalphavaluation
Blog
24 published

Shorter takes. Industry commentary. Practical insights for buyers, sellers, and advisors working deals this quarter.

01AUG 7, 2026·8 min

The Net Working Capital Peg: The Closing-Table Fight Nobody Warns First-Time Sellers About

The NWC peg explained: why 'cash-free, debt-free' deals still move six figures at closing, how the working capital target is set, and how buyers and sellers each protect themselves.

net working capitalNWC pegM&A advisory
02AUG 5, 2026·8 min

How to Value an E-Commerce Business: SDE Multiples, Revenue Quality, and Platform Risk

E-commerce valuation explained: the SDE and EBITDA multiples online businesses sell for by model (FBA, DTC, dropship), why revenue quality and platform dependence move the price, and a worked example.

e-commerceSDE multiplesonline business
03AUG 3, 2026·9 min

Business Valuation Methods Explained: DCF vs. Comps vs. Precedent Transactions

The five business valuation methods professionals actually use (DCF, comparable companies, precedent transactions, SDE/EBITDA multiples, and asset-based), when each wins, and how they combine into one defensible number.

valuation methodsDCFcomps
04JUL 31, 2026·7 min

Customer Concentration: The Silent Discount on Your Business's Value

When one customer is 20% or more of revenue, buyers cut the price, restructure the deal, or walk. Here's how concentration is measured, what it costs in practice, and the 18-month fix.

customer concentrationriskselling a business
05JUL 29, 2026·8 min

How to Value a Dental Practice: Collections, EBITDA, and What DSOs Actually Pay

Dental practice valuation explained: the percentage-of-collections rule, when EBITDA multiples take over, what drives DSO offers, and a worked example for a $900K practice.

dental practicehealthcareEBITDA multiples
06JUL 27, 2026·8 min

Quality of Earnings vs. Valuation: What Changes Between the LOI and Closing

A valuation sets the multiple; a Quality of Earnings (QoE) report tests the earnings underneath it. Here's what QoE actually examines, the adjustments that re-price deals, and how both sides prepare.

quality of earningsdue diligenceETA
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