The Stock Market is Not the Best Way to Value Intangibles

In the Value Networks discussion group here, someone recently asked the question about the value of intangibles now that the stock market has declined so precipitously. Many of us in the field have used the shorthand formula: market cap – tangible book value = intangibles.

This got me started and I posted the following answer. Most of these themes have been explored in previous posts but this one pulls a lot of it together… Read more