Business valuation provides a quantitative assessment of a company's worth, which is fundamental for rational decision-making, investment analysis, financial reporting, and legal & regulatory compliance. Business valuation can be performed for various reasons, such as buying or selling a business, mergers and acquisitions, raising capital, planning for succession, resolving disputes, litigation support, or financial reporting. Valuing a business can be a complex task, and there are different approaches and methods used to arrive at an accurate estimate.