The determination of the economic value of a company (or its individual businesses), considered as a coordinated and active set of material goods and intangible assets with an earning capacity, is usually based on past performance and expected future performance in the medium term in company’s reference market. Estimation of economic value (also used in order to monitor the changes over time) represents a technical tool aimed at verifying the achievement of business’ objectives. It is useful to improve the management of real risks and to assess the management of ordinary and extraordinary administration procedures. The estimate of the economic value of companies’ assets sometimes implies the need to define the so-called “current values of use” and “current market values”.
