Stout is excited to announce the release of the 2023 Stout Restricted Stock Study Companion Guide. This resource is tailored to support valuation experts who are tasked with evaluating discounts for lack of marketability.

The Stout Restricted Stock Study is a comprehensive and up-to-date restricted stock study, including a compilation of over 775 transactions, each accompanied by up to 60 data fields. Stout’s database is recognized throughout the industry and is licensed by valuation professionals around the world. According to the latest 2023 survey by Business Valuation Resources (BVR), the Stout Restricted Stock Study is the most used study to determine the discount for lack of marketability. With quarterly updates, the guide is founded upon a database of restricted stock-sourced discounts for lack of marketability (DLOM). This database offers empirical backing and facilitates the quantification of marketability discounts.

Incorporated within the guide is the Stout DLOM Calculator. With the tool, users can easily determine a DLOM based on both the financial attributes of the subject company and the market’s volatility as of the user’s specific valuation date.

“We are thrilled to present the latest edition of our guide to valuation professionals. This study not only reflects our commitment to excellence but also provides practitioners with a comprehensive and reliable tool to navigate the intricate landscape of marketability discounts,” said Carsten Hoffmann, Managing Director in Stout’s Valuation Advisory group.

“With this study, we empower professionals to make informed decisions and elevate their expertise in the valuation of illiquid business interests,” added Aaron Stumpf, Managing Director in Stout’s Valuation Advisory group.

The 2023 Stout Restricted Stock Study update was prepared in partnership with Business Valuation Resources and can be accessed by users at BVResources.com.