FAVORITE
VALUATION
INTERNET
SITES
VERSION
5.0
Presented to the
American Society of Appraisers
Dallas/Fort Worth
Chapter #011
May 6, 2008
Prepared
by:
Michael B. Van Amburgh, ASA
|
VAVAINC. |
|
VAN AMBURGH VALUATION ASSOCIATES |
(972) 723-9500 Phone
(972) 723-9501 Fax
Favorite Valuation Internet Sites
Version 5.0
by Michael B. Van Amburgh, ASA
2007-8 Additions to Study
http://www.bored.com/photos/cowanddolphin.html
What is different
about this Picture?
http://www.hoadley.net/options/optiongraphs.aspx?
This is an easy to
use option calculator from the land down under.
http://www.hoadley.net/options/optiongraphs.aspx?warrant=Y
This is an adjustment
to the prior model to meet the dilution requirements of warrant valuations.
Thank you to Gene Ruelle for the improvements to this site.
https://sa2.www4.irs.gov/irfof/IRServlet?app=IRACTC
Track the receipt
date of your Economic Stimulas Rebate.
http://www.fineartsappraisal.com/
Looking for links to
fine arts information? Try this site.
http://www.crmz.com/Default.asp
This site provides
inexpensive credit reports and credit information on public and private
companies.
http://www.statefarm.com/insurance/condo_owners/ins_home_condo_appr.asp
This site works the
user through the personal property items in a home that may have value. It is a good checklist.
http://www.emorybizval.com/attach/Adjusted_Emory_Studies_1980_2000_10_10_02.pdf
This site contains
the 2002 Emory Study as a PDF document.
http://www.bvresources.com/defaulttextonly.asp?f=123R
This site works
within bvmarketdata.com to give option volatility measures for publicly-traded
stocks and selected industry index groups.
http://www.appraisalresources.com/
Frances Zeman’s website with great links to other personal property
and fine arts sites.
http://pages.stern.nyu.edu/~adamodar/
Website of Damodaran, noted expert on option theory. Includes free spreadsheets
for valuation of options, warrants, and other securities.
http://www.window.state.tx.us/taxinfo/proptax/drs05/
State Comptroller’s
Office study on discount ranges for oil and gas interests.
http://data.bls.gov/cgi-bin/surveymost?wp
Historical producer price index data for every commodity and product
known to man.
Great for trend and bend.
http://www.rjmanda.com/pdf/52973paper.pdf
Report by Richard J.
Miller, SPE on oil and gas cost of capital.
http://www.bloomberg.com/index.html?Intro=intro3
This site contains
loads of free market data, news and information from Bloomberg.
Business for
Credit reports for
private and public companies
Over 200,000 data
files with Excel Spreadsheets and charts for each
http://www.fasb.org/draft/index.shtml
A site with all FASB statements
and opinions
http://findarticles.com/p/articles/an_1
Locate articles on any topic.
http://www.nctcog.org/ris/presentations/SeniorLeadership06.swf
Demographics and Development Trends in North
http://www.realtyrates.com/commentaryg.html
Current real estate
capitalization rates by property type.
http://www.payscale.com/research/US/Job=Architect_(Computer_Software%2c_Hardware)/Bonus
Salary data for various positions within different industries.
http://www.regioncwater.org/Planning/index.cfm
Information about water conservation and the supply and demand for water
in North Central Texas.
http://usda.mannlib.cornell.edu/MannUsda/viewDocumentInfo.do?documentID=1448
Information about the floriculture industry.
Property tax information for every county in the
http://cad.nolallen.com/county.html
Property tax information for every county in
http://www.snyderhomes.com/Texranch/
A list of farm and ranch broker websites across
http://www.esopassociation.org/experts/index.asp?category=Trustee&action=search
An address listing of ESOP professionals by specialty.
http://drought.unl.edu/dm/archive.html
A historical database
of drought maps for the Entire continental
http://www.findlaw.com/casecode/index.html
A database of all
http://www.fairmark.com/begin/gifts.htm
A simple explanation
of
A list of the Top 10 Questions to ask a business appraiser.
http://www.dallasfed.org/data/fedindex.html
The website of the Federal Reserve Bank of
http://www.fasb.org/st/summary/stsum141.shtml
A summary of FAS 141.
http://www.sedo.com/search/searchresult.php4
An on-line market for domain names.
http://www.deadoraliveinfo.com/dead.nsf/gnames-nf/Greenwood+Lee
An interactive database of information about whether individuals are dead
or alive.
http://fmv.com/index.php?C=qsearch&query=discounts&start_at=81
A search engine for business valuation topics and legal cases.
http://www.royaltystat.com/search.cfm?newsearch=1
A database for
finding actual royalty rates used in licensing intangible property.
http://wencpa.com/default.asp?page=links
A website with various links to various accounting websites.
http://www.dallas.bbb.org/WWWRoot/SitePage.aspx?site=50&id=d11ccf1b-9cab-4373-b0f8-2e8ad14de653
A great place to check for BBB complaints on businesses.
http://www.ceoexpress.com/default.asp
A business portal for executives created by a busy executive.
http://www.optionseducation.org/help/faq/general.jsp#1
A question and answer
page for options information.
2006 Additions to Study
1. http://quickfacts.census.gov/qfd/maps/texas_map.html
2. http://www.federalreserve.gov/Releases/H15/default.htm
Daily and weekly interest rate data from Federal Reserve.
3. http://www.realtyrates.com/commentaryg.html
Capitalization rates
for different types of real estate listed by quarter.
4. http://www.census.gov/econ/census02/data/tx/TX053.HTM
Economic and demographic data by county from U.S. Census.
5. https://www.blci.com/texas/results.html
6. http://www.ism.ws/ISMReport/?navItemNumber=4892
Institute for Supply
Management Reports on Business. Great data for manufacturing and other industry sectors. Also contains historical archive by release
date.
7.
http://www.salary.com/home/layoutscripts/homl_default.asp?itab=personal
Salary estimates for
all position by region.
8.
http://www.window.state.tx.us/ecodata/fcst06spr/
Spring 2006 Economic Forecast. Great site!!!!!
9.
http://www.window.state.tx.us/taxinfo/staxqtr/
State sales and use
tax data by SMSA and County.
10.
http://www.accountantsworld.com/list/directorylist.aspx
Search engine for
accountants by zip code and region.
12.
http://www.qualityamerica.com/knowledgecente/knowctrCoefficient_of_Determination_R_S.htm
Definition of coefficient of determination (R-squared).
13.
https://www.godaddy.com/gdshop/dna/appraisal.asp?se=%2B&ci=4370
Appraisals of registered domain names for as little as $5.99.
14.
http://www.irs.gov/taxpros/lists/0,,id=98042,00.html
Historical listing of IRS applicable Federal rates.
15.
http://www.nareit.com/library/performance/reitwatch.cfm
Monthly statistical data and rates of return for Real Estate Investment
Trusts.
16.
http://www.qualityamerica.com/knowledgecente/index.htm
Quality America Inc encyclopedia of business terms and general use items.
AICPA PowerPoint presentation on Circular 230.
19.
http://www.ntxhome.net/search.shtml
Property Wizard give free user-defined search of
20.
http://www.texasbob.com/football/indexlist.html
Directions to and data about every high school football stadium in
21.
http://www.window.state.tx.us/ecodata/ecoind/ecoind.html
A complete searchable database of
22.
http://www.taxalmanac.org/index.php/Treasury_Regulations%2C_Subchapter_B%2C_Sec._20.2031-7
A cookbook for the valuation of annuities, life estates, and remainder
interests.
23.
http://www.finance.cch.com/tools/lifeexpectables_m.asp
Life expectancy
tables from CCH.
24.
http://www.ncta.com/ContentView.aspx?contentId=55
A chart of historical infrastructure expenditures for cable systems.
25.
http://www.campaignmoney.com/finance.asp?type=in&cycle=04&criteria=Pitts
A scary listing of historical political contributors searchable by name
and year.
An options calculator
produced by the Chicago Board Options Exchange.
Reports and projections from the Congressional Budget Office.
28.
http://www.ncta.com/ContentView.aspx?contentId=51
Annual industry overview and statistics for the cable industry –
2004-2006.
29.
http://www.twdb.state.tx.us/RWPG/main-docs/2006RWPindex.asp
Regional water plans
formulated by the Texas Water Development Board.
30.
http://www.census.gov/const/www/c30index.html
Construction spending data by month from the U.S. Census Bureau.
31.
http://www.taxalmanac.org/index.php/Sec._1374._Tax_imposed_on_certain_built-in_gains
Tax Almanac
recitation of Section 1374: Tax Imposed on Certain Built-in Gains.
32.
http://www.bidc.state.tx.us/overview/
Great overview of the
33.
http://www.eia.doe.gov/oiaf/aeo/forecast.html
2007 Update includes
oil and gas forecasts and production data for various energy sources through
2030..
2005 Additions to Study
1. http://www.law.cornell.edu/uniform/vol7.html
Locater for various state statutes. Excellent legal research
tool.
2. http://www.eia.doe.gov/oiaf/aeo/forecast.html
2005 Update includes
oil and gas forecasts and production data for various energy sources.
3. http://www.marketwatch.com/quotes/
Good source for
historical stock data and analysts’ estimates.
4. http://www.royaltystat.com/search.cfm?newsearch=1
Great source for royalty rate data by industry type.
5. http://www.deltamedcon.com/MHC/MHC2.asp
Current physician compensation data by specialization.
6. http://www.claimspages.com/tools/index.asp?catid=2&cat=Property
Calculators for converting depreciation, lumber dimensions, square
footage, temperature, and other measurements.
7. http://www.ewg.org/reports/asbestos/facts/index.php
Everything you ever
wanted to know about asbestos.
8. http://usda.mannlib.cornell.edu/MannUsda/viewDocumentInfo.do?documentID=1475
Everything you ever
wanted to know about floriculture and nursery crops, including the “2005 Floriculture
& Nursery Crops Yearbook” complete with Excel tables.
9. http://www.cdc.gov/nchs/deaths.htm
Mortality data from the
10. http://www.plunkettresearch.com/insurance/insurance_statistics1.htm
A 2004 Overview of the Insurance Industry.
11. http://www.mitchell.com/mitch/start.asp
A free link to the
2005 Insurance Industry Trends Report published by Mitchell International.
12. http://www.fedmoney.com/grants/ben_ndx.htm
Search engine for
available Federal grants and loan sources.
13. http://www.quotationspage.com/quotes/
Free search engine
for quotes by famous people.
14. http://www2.fdic.gov/Call_TFR_Rpts/
FDIC downloadable
call reports for financial institutions.
15. http://thomas.loc.gov/home/search.html
A searchable listing
of all bills and resolutions presented for discussion or vote by the United
States Congress.
16. http://research.stlouisfed.org/publications/usfd/
Economic and financial publications from the Federal Reserve Bank of
Current statistical
data and economic reports published by the National Association of Home
Builders.
18. http://www.deloitte.com/dtt/article/0,1002,sid=1013&cid=72248,00.html
Free comprehensive
2005 industry outlooks from Deloitte for various sectors.
19. http://www.window.state.tx.us/ecodata/ecoind/ecoind4.html#crude
Oil and gas prices listed by month (directly exportable to Excel).
20. http://tonto.eia.doe.gov/oog/info/wohdp/diesel_detail_report.asp
Retail on-highway
diesel prices by month by region.
Fee demographic,
market size, and other statistical data sorted by SIC code, state, and city.
22. http://www.beerservesamerica.org/state.php?state=US
Everything you need
to know about the economic impact of beer in the
23. http://animalscience.ucdavis.edu/Avian/default.htm
http://animalscience.ucdavis.edu/Avian/statisti.htm
Everything you need
to know about poultry.
2004 Additions to Study
Index of all County
Appraisal District websites in
2.
http://146.142.4.24/cgi-bin/dsrv?pc
Bureau of Labor
Statistics Producer Price Indexes for every substance known to man.
3.
http://www.medsourceconsultants.com/candidates/physiciancompensation.php
Annual physician
compensation data by specialty. Also
look at:
http://www.findarticles.com/p/articles/mi_m0FBW/is_17_1/ai_66680067
4.
http://www.defenselink.mil/releases/2003/b02032003_bt044-03.html
2004-09 Budget for
United States Department of Defense.
Read where your tax dollars are going.
5.
http://www.naics.com/search.htm
Search this site for
NAICS industry codes (much better than SIC).
6.
http://www.window.state.tx.us/ecodata/fcst04spr/
Spring 2004 Texas
Economic Forecast from the State Comptroller’s Office.
7.
http://www.restaurant.org/research/state/index.cfm
Statistical data and
trends for the restaurant industry.
8.
http://www.valuationresources.com/PublicCompanies.htm
Valuation
Resources.com. Industry analysis
and links to other valuation-related internet sites. Some are paid and some are free.
9.
http://www.gofcg.org/templates/cusfcg/details.asp?id=21401&listBy=GRP&LID=4442
Links to court case
summaries and tax analyses.
10.
http://interactive.wsj.com/documents/CEFmain.html
Wall Street Journal information on Closed-end Funds.
For those of you with
too much time!!!
12.
http://www.globalwood.org/market/market_prices_america.htm
Market prices and trends for the timber industry.
13.
http://www.globalrph.com/start/financesites.htm
A searchable index of excellent financial websites.
14.
https://www.cpa2biz.com/standard/cpainsider/cpainsider020909.htm
AICPA articles and position papers of interest to all appraisers.
15.
http://www2.fdic.gov/Call_TFR_Rpts/
FDIC Bank call reports
and other information.
16.
http://www.kbb.com/kb/ki.dll/ke.kb.sp?kbb&&&usedCars;slp
Kelly Blue Book of Used
Car values.
17.
http://www.economy.com/research/default.asp
Research store for
economic and industry data.
18. http://www.nrmca.org/aboutconcrete/
Industry information
and links for valuing concrete batch processing plants.
19.
http://www.bizsites.com/Outlooks/industryoutlook.html
Free industry
outlooks for a number of different sectors.
20.
http://www.keepmedia.com/HomePage.do
Search engine for
articles on anything for only $4.95 per month.
You submit the keywords you wish to find and the site will e-mail you
whenever there is an article that matches your query.
21.
http://www.builderonline.com
On line links to articles and information on the building industry
(residential and commercial).
2003 Additions to Study
1.
GENERAL REFERENCE
SITES
1.
http://www.firstgov.gov/Topics/Reference_Shelf.shtml#statistics
The ultimate site for Government information.
2. http://www.oanda.com/convert/fxhistory?lang=en
This site provides historical
foreign exchange rates for all major currencies in a time series format.
3. http://www.freetranslation.com/
Foreign language translation
services are here.
U.S. Patent & Trademark Office includes
searchable database of patents and other info.
5.
http://www.smartpages.com/directory/advanced.jhtml?From=SBC.com
Trying to remember
who called you? SBC offers a free
reverse telephone number look-up for businesses nationwide. You enter the number and they tell you who it
is. This service also provides free
people searches and other great reference sources.
6.
http://www2.tsl.state.tx.us/trail/
Texas Records and Information Locater (TRAIL)
is a top-notch source of
7.
http://www.findarticles.com/PI/index.jhtml
Search engine for
articles on any subject.
8.
http://www.salliemae.com/about/investors/debtasset/cusip/default.htm
Search for a CUSIP
number by security number or maturity date.
9.
http://www.x-rates.com/cgi-bin/hlookup.cgi
Historical foreign exchange rate converter.
10.
http://www.census.gov/main/www/subjects.html
U.S. Census Bureau on-line subject index. Reference of all census documents
A to Z.
B. BASIC VALUATION SITES:
The official
web-site of the American Society of Appraisers. A
great source for news, information, and helpful valuation tools.
2.
http://www.appraisers.org/dallas_ftworth/
The official web-site of the ASA
Dallas/Fort Worth Chapter. This site was significantly improved in
2001. Try it out!!!
3.
http://www.valuationresources.com/
Gateway to a number of free and
paid valuation tools, resources, and economic studies.
5. http://www.whatsitworthtoyou.com/
The name is more interesting than
anything else about this site.
6.
http://www.appraisal-economics.com/index.html
http://www.appraisal-economics.com/goodwill_imp.html
This site is a great reference
for FASB 142 information and other valuation sources.
7.
http://www.appraisal-net.com/
Real estate appraisers will get a
kick out of this one.
8.
http://www.staffingtoday.net/staffstats/index.html
Statistical information on the staffing industry published by the
American Staffing Association. Great source of industry
data and growth rate support.
9. http://www.taxadmin.org/fta/rate/corp_inc.html
A complete listing of state corporate income tax rates. Be sure to read the footnotes for
important details.
10.
http://biz.yahoo.com/research/indgrp/
Preliminary source
for guideline company searched by industry sector.
11.
http://www.htrg.com/htrg/research_lib/quart_letters/pdfs/rn_returns_02.pdf
Excellent article on
historical equity rates of return on timberland properties.
C. 
SEARCH ENGINES:
1.
http://www.searchenginewatch.com/links/
A search engine of search engines sorted by age and
complexity.
Marvelous for
performing both basic and complex searches. Also has map
capability.
Sometimes discovers matches that
other search engines miss.
4.
http://www.northernlight.com/
Another great
research tool. Give it a try.
Links to
Department of Commerce sites.
D. BUSINESS
VALUATION INFORMATION SOURCES:
1. http://www.bvmarketdata.com/LogonFrm.asp
Gateway to transaction data and other business valuation
information.
Access to SEC EDGAR database
with search and sort capability by company, SIC code, and text search. Downloads directly into Microsoft Word. Previously free
until 9/01/01. Now $99
per year.
3. http://www.freeedgar.com/popup.htm
Access to SEC EDGAR database with limited search and sort
capability by company name.
4. http://www.sedar.com/homepage_en.htm
Access to company data and financial reports for Canadian
companies.
5. http://www.fairmarketvalue.com/
Provides
transaction data for intellectual property and other intangible assets.
6. http://www.entrepreneur.com/Franchise_Zone/FZ_Special_Listing/1,4731,12-12---F5-,00.html
The Franchise 500 is an annual
publication of Entrepreneur magazine. This is a great source of information on
franchise businesses and royalty rate data.
7.
http://www.wetfeet.com/asp/home.asp
Generally an employment services
web-site, but also has great industry analyses and sector write-ups.
This site is a great source of
investment news.
9.
http://www.bulletproofbizplans.com/BallPark/
Ballpark
Business Valuation Version 1.3 by Bulletproof Business Plans.com. The name is
everything.
10.
http://www.emorybizval.com/
Mr. Emory’s site
on pre-IPO discount data and other research.
11.
http://www.fvginternational.com/newsletters/2003_eflash.html
Summaries of recent
valuation court cases in easy-to-access database (See McCord case write-up
attached).
E. DEMOGRAPHIC AND ECONOMIC INFORMATION:
The key to a
most useful source of market and demographic data.
2. http://www.window.state.tx.us/ecodata/fcst07fall/fall07fiscal.html
Population projections
for all
3.
http://www.stat-usa.gov/econtest.nsf
Great statistical reference site for
4.
http://146.142.4.24/cgi-bin/dsrv?pc
Archive
of monthly U.S. Producer Price Indexes for all commodity and product
groups. Great for
estimation inflation in prices of various asset groups.
5.
http://www.window.state.tx.us/ecodata/teu0107/
6. http://dallasfed.org/research/agsurvey/index.html
Quarterly report of 11th Federal Reserve
District (
7. http://www.census.gov/const/www/index.html
This Census Bureau site provides
historical and forecasted housing activity and construction statistics (great
way to justify a growth rates).
8. http://www.bls.gov/news.release/cpi.toc.htm
Bureau of Labor
Statistics inflation statistics. Read it and weep!
9. http://www.census.gov/prod/www/statistical-abstract-us.html
A PDF version of the entire 2000 Statistical
Abstract of the
10. http://www.venturesource.com/
Great
subscription source for information about the venture capital field.
11.
http://www.cboe.com/Home/Default.asp
Chicago Board
Options Exchange research and information site. Prices
and volatility for public options, plus more.
F. FINE ARTS APPRAISAL SOURCES:
Inclusive
database of artwork searchable by artist.
The Internet Art
Database. Need we say more.
3.
http://www.tfaoi.com/resourc.htm
Database of
articles and essays on specific works of art.
4. http://www.on-lineappraiser.com/
A great source
for jewelry appraisal information and market data.
5. www.p4a.com
This
site is a subscription service containing auction results. Every auction item has a photo attached.
Subscription service containing auction results.
Some auction items have photos.
7.
www.tias.com
Online
antiques and collectibles mall with searchable database.
Online
antiques and collectibles mall with searchable database.
9.
http://artroots.com/art/art03_index.html
The links are better than the site. May be helpful for you
artsy types.
10.
http://www.gemguide.com/software.htm
A little pricey, but it may work for you.
11.
http://www.jewelercentral.com/index.html
Great contact database by city.
12.
http://www.artchive.com/ftp_site.htm
More info and research data.
13.
http://artroots.com/art/art03_index.html
Fine arts database and search engine. Excellent links to other sites.
G. MACHINERY
& EQUIPMENT VALUATION:
1. http://www.locatoronline.com/
Market locator for used machinery
and equipment
Official site of
the Machinery Dealers National Association. Great
links.
3.
http://www.elaonline.com/industryData/
Industry study
prepared by the Association for Equipment Leasing and Finance.
H. REAL
ESTATE APPRAISAL SOURCES:
1.
http://www.realtor.com/texas/
Listing of homes
by price range and amenities, sorted by city or zip code.
2.
http://www.muextension.missouri.edu/xplor/agguides/agecon/g00404.htm
Average farmland values listed
annually by state since 1912.
Everything you ever wanted to know
about Real Estate Investment Trusts.
4.
http://www.realtor.org/realtororg.nsf/pages/Opening?OpenDocument
Great database of real estate info. Play around with it and you’ll be hooked.
I. FINANCIAL
INFORMATION AND NEWS SOURCES:
1.
http://finance.yahoo.com/?u
My favorite source for financial
news, historical stock prices, earnings estimates, and company profiles.
2.
http://cnnfn.cnn.com/markets/
Excellent source
for business news and general financial information.
Good
source for free business news. Best source for paid financial information that is hard to find elsewhere.
4.
http://www.earningswire.com/
Good source for earnings estimates
for public companies.
Fidelity is much more than just
investment brokerage.
Interesting financial news,
quotes, and stock tips.
J. NEWS
SOURCES:
Dallas Morning News has news summaries on the web along with archives of old
articles. Limited text and name search
capability.
This web-site provides access to
historical tax court cases with search capability by judge, case topic, and
date.
K. INDUSTRY DATA:
1. http://www.activemedia-guide.com/
A storehouse of industry outlooks and other
relevant data.
The official web-site of the National Association of Home
Builders. Great economic data.
3. http://www.citgroup.com/industries/index.asp
Concise, informative industry write-ups.
4.
http://www.eia.doe.gov/oiaf/aeo/forecast.html
Includes a PDF version of the Dept. of Energy 2002 Annual
Energy Outlook, complete with oil and gas price forecasts and expected volumes
and prices.
5. http://www.hlhzhealth.com/research_index.asp
Everything
you ever wanted to know about healthcare.
6.
http://www.cob.asu.edu/seid/eoc/mexico/
This site provides a concise
quarterly update on the state of the Mexican economy.
7.
http://www.bizstats.com/autodealers.htm
Industry data
for the auto dealers industry.
8.
http://www.beveragemarketing.com
A plethora of
industry data and research information about the beverage industry.
9.
http://www.window.state.tx.us/
Texas Comptroller’s website with excellent State economic and demographic
data.
10.
http://www.integrainformation.com/
Reasonably priced
industry reports by SIC Code, including both historical data and forecasted
industry sector growth rates.
Great FREE source of
industry data by SIC code for market size and employment statistics. Sometimes provides too much data.
12.
http://www.ita.doc.gov/td/industry/otea/industry_sector/tables_naics.htm
U.S. Industry &
Trade Outlook is almost complete and is accepting applications for firms to
review drafts on a pilot basis. Until
then, this website is an easy-to-use source of specific industry & trade
data.
13.
http://www.census.gov/cir/www/alpha.html
14.
http://www.ita.doc.gov/td/td_home/tdhome.html
Most reports found in
the U.S. Industry & Trade Outlook 2000 are found here; many are updated to 2002 year-end.
15.
http://www.psac.ca/statistics/
This site offers oil
& gas industry data and other related reports.