- CCM is most often used for the valuation of large public companies, and it is less valid for valuing private companies such as RRBL.
官网题目 ，答案认为
Nenkov is incorrect with respect to his first comment because the capitalized cash flow method is rarely used for the valuation of public companies and is more appropriate for valuing a private company such as RRBL. Nenkov’s second comment is correct because the excess earnings method involves estimating the earnings remaining after deducting the amounts that reflect the required returns to working capital and tangible assets. The residual amount of earnings (i.e., the excess earnings) is capitalized to obtain an estimate of the value of intangible assets. Therefore, Nenkov’s second comment is correct.
我想问下，为什么ccm适合private company 不适合 public呢
