Standard business valuation practice requires of business valuators to apply at least more than one method when estimating the fair market value of a business, part interest of the business or an intangible asset. 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 a different value, resulting in multiple estimated values. 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. However, some valuators prefer Averaging of Multiple Valuation Methods (average of results from two or three methods) to arrive at the conclusion of value. The use of weighted averages in drawing valuation conclusions, should, as much as possible, be avoided by business valuation professionals because it can be misleading as it is the belief that an average from two or three diverging results can undermine the true value of the business or interest being valued.