The Conclusion of Value is an estimate of the value of a business, business ownership interest, security, or intangible asset, arrived at by applying the valuation procedures appropriate for a valuation engagement. Standard business valuation practice requires of business valuators to apply more than one method with each method. The reason for using more than one method is to ensure that the different methods mutually support the valuation conclusion. Typically, it is expected that each of the different methods will yield results which are different from other methods, resulting in a different indication of value. To arrive at the conclusion of value from the multiple results, the business valuator needs to rely on the result from the method most appropriate for the business or interest being valued and justify the choice of the method. The conclusion of value may be a single value or range of values. When stated as a range of values, the suggestion is that the actual value of the business will fall anywhere within the range.