In business valuation analysis, a Non-Controlling Interest Value refers to the situation where the purpose for which a valuation is being conducted is to determine the fair market value of a non-controlling interest. A non-controlling interest depicts a shareholding of less than 50% which in most instances does not grant the holder privileges to influence major policies and decisions. There is no universal standard on the levels of discount to apply to various levels of non-controlling interest. However, the size of discounts applied to non-controlling interest increases as the size of the non- controlling interest reduces. The extent of the discount applied by business valuators when valuing a non-controlling interest depends on the level of disadvantages associated with the shares in terms of how it limits the influence of the holder in major decisions in the company. To estimate the fair market value of a non-controlling interest value, business valuation analysts apply techniques under the income, market and asset methods and settle on the valuation which is most appropriate for the business being valued.