5 Most-Trusted Business Valuation Consultants in the U.S.

The results of your business valuation can determine:

  • how much funding you get
  • how much you sell your business for
  • how much you buyout your partner for
  • the strategy you set for your company

…and so much more.

This is why it’s so important you have a trusted business valuation consultant to deliver an accurate valuation and a stellar service.

In this article, I explain why Eton is that business valuation consultant. I also provide four alternative business valuation consultants for hire just in case we’re not a fit for you right now.

What to Look For in a Business Valuation Consultant [4 Factors]

There’s no shortage of business valuation consultants on the market, from Big 4 firms to small specialized teams and everything in between. 

How do you know where to place your trust?

From my 15 years experience in the valuation industry and as a business founder, these are the four factors I’d consider:

Factor 1: The Consultant’s Professional Accreditations

If you were to go to the hospital, you would trust what the nurses and doctors did. That’s because they have credentials to prove their expertise. 

While not a matter of life and death, business valuators are the same. We have different types of professional accreditations to indicate specialization and level of expertise in the valuation field.

You only want to consider business valuation consultants with professional accreditation.

For example, at Eton our valuators have the following:

  • ASA (Accredited Senior Appraiser)
  • CFA (Chartered Financial Analyst)
  • CVA (Certified Valuation Analyst)
  • CPA (Certified Public Accountant)

You also have to consider the consultants track record in the industry. 

  • How many years have they done the type of business valuation you need? 
  • What types of companies have they worked with? 
  • Have the valuations they’ve produced been accepted, accurate, and defensible? 

These are all part of what makes the valuator trustworthy. If they have client testimonials you can look there for proof of value and demonstrated experience.

At Eton, we’ve been in the business valuation business since 2010. Ever since then, our team has conducted over 3,000 business valuations for hundreds of venture-backed startups and high-growth companies.

When it comes to business valuations, speed is as important as accuracy. This is because the valuation is often prompted by a need and that need has a timeline.

Standard business valuations should be completed in no more than 10-14 days.

A quality firm will be able to deliver sooner if needed but may charge additional costs.

If the valuation firm insists it will take months, they probably don’t have the resources or expertise required to complete your valuation. Or as with larger firms, they have too many bureaucratic processes holding up progress.

Business valuation is a service that should come with an excellent client experience. 

You and other key stakeholders should be able to ask questions and get answers quickly as well as be guided through the entire process. That way you feel supported and confident in the results of the valuation. 

In this article

In this article, I’ll go into how Eton excels in these areas. And I’ll introduce you to four other trusted business consultants in the US.

5 Most-Trusted Business Valuation Consultants – A Summary

Here are my top 5 recommendations at a glance:

  1. Eton – A fast, reliable, & customer obsessed boutique valuation firm with Big 4 talent
  2. Researchvaluation.com – A global valuation service giant since 1975
  3. Teknos – A tech focused valuation provider
  4. Aranca – An overseas valuation provider
  5. Kroll – A large firm with decades of valuation experience

Below, I’ll go into why these business valuation consultants made the cut as the most trustworthy, high quality firms around.

Option 1: Eton Venture Services – Most Trusted Independent Business Valuation Consultant

At Eton, our valuators take the experience from their time at the Big 4 and combine it with the attention to detail and client care of a small boutique firm. 

Every service we provide is bespoke to our clients’ needs. We give our undivided attention to ensure we complete each valuation in a timely manner while ensuring accuracy. 

Eton - the most trusted independent business valuation consultant

Here’s how we stack up against the 4 main factors you should consider when hiring a business valuation consultant:

Factor 1: Professional AccreditationsOur team is Big 4 trained (Deloitte, Ernst & Young (EY), KPMG, and PwC) with the following accreditations:

1. ASA (Accredited Senior Appraiser)

2. CFA (Chartered Financial Analyst)

3. CVA (Certified Valuation Analyst)

4. CPA (Certified Public Accountant)
Factor 2: Industry ExperienceWe’ve completed 3000+ business valuations in our 15 years as a firm.

And in that time we’ve specialized in all types of valuations, from 409A valuations to Mergers & Acquisitions.
Factor 3: Time to Completion of Valuation ServicesOur valuation process takes no more than 10 days.

But we can also do it in as little as one (for an additional fee).
Factor 4: Responsiveness and Attentiveness to You, the ClientWe pride ourselves on providing fast, helpful, and fair advice for our clients.

As the founder, I’m always on hand to provide my expertise and our valuators will explain the valuation in detail as many times as you or other stakeholders (like your board of directors) need.

Now I’ll explain the types of valuations we do, the process we follow, who we work with, and our standard costs.

The Types of Business Valuation We Specialize In

Business valuations are complex; some valuation cases more than others. So, it’s important to choose a provider who has navigated those complexities before and can guide you through the process with ease.

At Eton, our team has completed various types of business valuations, including:

Our Business Valuation Process

As we stated before, our valuation process takes no more than 10 days from receipt of your documents. This applies no matter the complexity of the valuation.

If you need the valuation sooner, we can complete it in as little as one day. Expedited services do come at an additional cost. 

Here’s what our 10-day valuation process looks like:

10-day business valuation process - Eton

Day 1: Information Collection

Once we have all of your documents (financial and business information), we’ll get to work reviewing them to make sure nothing’s missing and that we understand your business inside out. 

Day 2: Valuation Modelling & Analysis

Next, our expertise really comes into play as we analyze your cap table, business stage and more.

We’ll get started crafting your valuation and determining what methodologies are required to accurately value your business.

Day 3-7: Valuation Prepared

The next stage sees us working hard to apply those methodologies and crunch numbers. 

Day 8: Draft Report Delivered; Client Review & Return

Once we’ve finished and given the valuation an internal review, we’ll send the draft report to you. This includes the methods we followed, assumptions we made, data we used, and a conclusion.

You’ll need to review it and let us know if there are any adjustments needed.

This usually happens on a call where we can answer your questions in real-time and address concerns.

Most clients sign off at this stage but occasionally a second version of the valuation is needed.

Day 10: Final Valuation Confirmed & Delivered

Finally, we’ll revise the draft and get you to sign-off on the outcome. 

Beyond this 10-day service, you’ll get ongoing audit support and we’ll always be on hand to explain the valuation and answer any questions.

Who We Work With

We work with businesses of all shapes, sizes, and stages from early-stage start-ups to fast-growing scale-ups and established corporations.

Here are some examples:

  • Substack
  • Definitive Intelligence, a Web3-focused company
  • Oklo
  • Apex Health Solutions
  • Guru Technologies

Clients often come recommended to us by their lawyers or by other clients who have seen our work and trust us to deliver accurate valuations with excellent service.

Here are some of the experiences our clients have had. And one further example:

Review of Eton - Eton

Our Business Valuation Costs

A standard business valuation with limited complexity will cost between $5000 and $10,000. But they can reach price tags up to 100,000. 

Don’t let that number scare you though, it probably won’t be the case.

In truth, it’s hard to put a number on a valuation without seeing exactly what’s needed and for whom. That’s why all of our quotes are custom. 

Want to know more about standard business valuation costs? Check out our article: Business Valuation Services Cost

Looking for an accurate and fast business valuation, with top-notch service?

Eton can help. Get in touch with us here.

Backup Business Valuation Consultant #2: Valuationresearch.com

VRC Business Valuation Consultant - Eton

If Eton doesn’t feel like a fit, the first recommendation I’d make is for valuationresearch.com, or VRC.

VRC is an independent global valuation firm that has been focusing on valuations and advisory services since 1975.

They operate across multiple locations, including major cities in the U.S.

Their in-house valuation services cover businesses, equity and debt securities, loans, derivative instruments, structured products, intangible assets, fixed assets, and real estate.

My one word of caution is that due to their size and scope, you may not get much attention or the hyper-specialization your valuation requires.

Backup Business Valuation Consultant #3: Teknos

Teknos Associates is a valuation firm specializing in emerging growth companies and their venture capital backers, focusing on industries like information technology, life sciences, alternative energy/cleantech, and blockchain technology/cryptocurrency.

Their services include: 

  • corporate advisory
  • fairness opinions
  • Mergers
  • Spin-offs
  • Divestitures
  • pre and post-transaction analyses and support
  • solvency and capital adequacy 
  • tax compliance
  • financial reporting valuation services
  • litigation support and expert witness testimony

I like that Teknos is so specific about who they work with. It saves businesses who don’t fit that criteria time and effort they could spend assessing relevant firms.

If you do find you fit their criteria and specialty, Teknos is worth the consideration. However if you don’t or if you find they’re turnaround time is too long, you can get in touch with me here.  

Backup Business Valuation Consultant #4: Aranca

Aranca Business Valuation Consultant - Eton

Aranca is a comprehensive global research, analytics, and advisory firm that also handles some business valuation services

They specialize in global clients because they are based outside of the US. For some, this is an advantage. While for others, the time difference and misalignment in working hours can prove difficult. 

Business valuations are such a high-touch service that requires fast responses. So US based businesses may struggle to get the face-time and attentiveness they need to feel confident in the valuation.

Backup Business Valuation Consultant #5: Kroll

Kroll Business Valuation Consultant - Eton

Kroll is a global firm that specializes in risk and financial advisory solutions.

Their expertise includes valuation, compliance and regulation, corporate finance and restructuring, cyber risk management, investigations and disputes, digital technology solutions, and environmental, social, and governance (ESG) advisory.

They have decades of experience in the industry you can count on. 

However, they are a very large firm. And that means it will feel very corporate to work with them. If you want high-touch service focused on you as more than just a name on their client roster, we recommend going with someone smaller. 

A Comparison of Business Valuation Consultants

ExperienceTime to completionCustomer serviceCost
Eton VCBig 4 trained financial analysts with experience across all business valuation types Extremely fast

(10 days or less)

(starting at $5000)
2VCROver 300 U.S.-based professionals and an international network of nearly 1,500 valuation expertsModerate timeline 7/10Unknown
3TeknosExperience valuing businesses in information technology, life sciences, alternative energy/cleantech, and blockchain technology/cryptocurrencyModerate timeline8/10Unknown
4ArancaExperience valuing companies from around the worldSlow6/10Unknown
5KrollHas strong experience in retail and real-estate industry valuationsSlow7/10Unknown

Business Valuation Consultants – FAQs

Have questions about business valuation consultants? I answer them below:

Is it worth getting a business valuation?

Yes, a business valuation is beneficial in several circumstances.

These include:

  • Selling or Buying a Business: Knowing the value of a business is essential when you are looking to buy or sell. It helps in negotiating a fair price.
  • Raising Capital: If you’re seeking investment, investors will want to know the valuation of your business to determine the share of equity they will receive for their investment.
  • Estate Planning and Inheritance: For estate planning purposes, a valuation can help ensure fair distribution of assets.
  • Strategic Planning: Understanding the value of your business can help you make informed strategic decisions, including areas of investment or improvement.
  • Litigation Support: In legal situations such as divorce, partnership disputes, or business damage assessments, a business valuation can provide a basis for settlement.

The party responsible for paying for a business valuation often depends on the context in which the valuation is being conducted:

  • Selling or Buying a Business: The seller typically pays for the valuation as part of preparing the business for sale. However, buyers might also seek independent valuations at their own expense.
  • Legal Proceedings: The cost might be shared or paid by the party requiring the valuation, depending on the legal agreements or court directives.
  • Investment and Financing: For raising capital, the business seeking investment usually covers the cost of valuation to present to potential investors.
  • Divorce Proceedings: Costs might be split between the parties involved, or as directed by legal agreements or court orders.

Generally, a basic valuation might take a few weeks, while more complex situations could take several months.

How long it takes depends on a few factors:

  • Complexity of the Business: Larger businesses with more complex operations and international activities might take longer to value.
  • Purpose of the Valuation: Some valuations, like those for legal purposes, might require more thorough analysis.
  • Availability of Information: How quickly you can gather financial records, contracts, and other necessary documents will affect the timeline.
  • Valuation Method Used: Some methods are more time-consuming than others. For example, a discounted cash flow analysis might take longer than a market capitalization approach.
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Let's talk.

Schedule a free consultation meeting to discuss your valuation needs. 

President & CEO

Chris co-founded Eton Venture Services in 2010 to provide mission-critical valuations to venture-based companies. He works closely with each client’s leadership team, board of directors, internal / external counsel, and independent auditor to develop detailed financial models and create accurate, audit-proof valuations.

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