An opinion, expressed in terms of money, at which the property would change hands between a willing buyer and a willing seller, neither being under any compulsion to buy or to sell and both having reasonable knowledge of relevant facts, as of a specific date and supported by the earnings of the business.
The underlying theme and elements of the definitions presented here are based in standard appraisal theory. Many terms are used to describe various thoughts or premises of value.
These definitions are offered to provide fundamental value concepts – they are not the only acceptable definitions available. Contracts or jurisdictions may dictate somewhat different philosophies; therefore, these definitions may be expanded or refined as the purpose and function of an appraisal dictate, as long as the fundamental concepts are not altered. In some cases, the laws of a country, state, region, or regulatory agency may require other terms, which would take precedence over the definitions shown here.
出典：ASA
✅ ポイント
- 「Continued Use」 → 資産が現在の事業で継続的に使用されることを前提。
- 「with an Earnings Analysis」 → 事業の収益分析に基づいてその価値が支えられる。
- 通常のFMVやFMV-Installedと異なり、事業収益性を考慮した評価 になる。
👉 言い換えると：
これは「資産が実際に使われている事業の収益力を反映した、公正市場価値」という位置づけです。