Tools that provide estimated market valuations for airplanes at no cost to the user are available online. These resources utilize various data points, such as aircraft make, model, year of manufacture, total flight hours, engine condition, and installed avionics, to generate a preliminary value assessment. A user inputs the requested information, and the system produces an estimated range of potential selling prices.
Accessing indicative airplane valuations allows prospective buyers and sellers to gain insight into current market trends without incurring appraisal fees. This preliminary research assists in informed decision-making during purchase negotiations or when determining a reasonable listing price. Historically, obtaining such valuations required engaging a professional appraiser, adding to the overall cost of aircraft transactions. The advent of accessible online tools democratizes the valuation process.
The following sections will examine the accuracy limitations of these tools, alternative valuation methods, and the role of professional appraisals in complex aircraft transactions. Further, a discussion of factors influencing airplane values and strategies for maximizing resale potential is warranted.
1. Market data accuracy
The accuracy of market data directly affects the reliability of any aircraft valuation, including outputs generated by publicly available tools. These calculators rely on historical sales data, listing prices, and other market indicators to determine an estimated value. If the underlying data is incomplete, outdated, or skewed by unusual transactions, the resulting valuation may be inaccurate.
For example, a “free aircraft value calculator” using sales data primarily from a region with depressed airplane prices will likely undervalue an airplane located in a region with strong demand. Similarly, if the calculator lacks information on recent sales of similarly equipped airplanes, its valuation will rely on broader averages, potentially missing nuances that affect value. A calculator using data from 2022 will not correctly value an aircraft in 2024, because external factors could happen, such as regulation that change the market dynamic.
Therefore, users should recognize that such tools provide a preliminary estimate, and market data accuracy represents a significant limitation. Due diligence, including consulting with aviation professionals and researching recent comparable sales, remains essential for informed decision-making, even after using a free tool. Recognizing the impact of precise data is crucial in the aircraft valuation process.
2. Depreciation rates
Aircraft, like most capital assets, are subject to depreciation, a decline in value over time. The rate at which an aircraft depreciates significantly impacts its estimated value, and the methodology employed to account for depreciation within a “free aircraft value calculator” is crucial for generating a reasonable valuation.
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Linear vs. Accelerated Depreciation
Some calculators may assume a linear depreciation model, where value decreases uniformly each year. Others might employ an accelerated depreciation method, reflecting a steeper decline in value during the early years of the aircraft’s life. The choice of method greatly affects the calculated value, particularly for older airplanes. A linear method may overstate the value of an older aircraft relative to an accelerated approach.
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Model-Specific Depreciation
Depreciation rates vary significantly between aircraft models. Some models, due to factors such as reliability, operational costs, or market demand, retain their value better than others. A “free aircraft value calculator” should ideally incorporate model-specific depreciation curves, rather than applying a generic rate across all aircraft types. Failure to do so will lead to inaccurate valuations.
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Impact of Maintenance and Upgrades
While depreciation inherently reflects the passage of time, it does not fully account for the impact of maintenance or upgrades. A well-maintained aircraft with significant avionics upgrades may depreciate at a slower rate than a similar aircraft that has been poorly maintained or lacks modern equipment. “Free aircraft value calculator” algorithms that do not consider these factors will likely underestimate the value of well-maintained and upgraded aircraft.
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Market Conditions and Residual Value
External market conditions, such as economic downturns or shifts in aviation regulations, can drastically alter depreciation rates. These factors influence the residual value the remaining worth of the aircraft at the end of its useful life. A “free aircraft value calculator” needs to adapt to changing market dynamics to provide an accurate depiction of depreciation and residual value.
Consequently, an understanding of the depreciation methodology utilized by a “free aircraft value calculator” is paramount for assessing the credibility of its output. These tools serve as a starting point, but further investigation into model-specific depreciation trends and the impact of maintenance and upgrades is essential for making informed decisions.
3. Aircraft condition
Aircraft condition is a primary determinant of its market value, representing a critical input factor for any “free aircraft value calculator.” The reported condition significantly influences the estimated valuation generated by these tools, necessitating an accurate and comprehensive assessment of the airplane’s overall state.
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Airframe Integrity
The structural integrity of the airframe is paramount. Corrosion, damage from hard landings or accidents, and the quality of past repairs affect value. A “free aircraft value calculator” often relies on user-reported information regarding damage history, but visual inspection and professional assessments provide a more accurate determination of airframe condition. Undisclosed or poorly documented repairs can negatively impact the estimated value derived from such tools.
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Engine Status and Performance
The condition and performance of the engine(s) are major value drivers. Factors include time since last overhaul (TSO), compression readings, oil consumption, and any known mechanical issues. “Free aircraft value calculators” typically incorporate TSO as a key data point. However, the overall health and performance of the engine, beyond just TSO, requires professional evaluation. Lower compression, high oil consumption, or unusual noises indicate underlying problems that a basic calculator cannot account for, thus affecting the accuracy of the valuation.
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Avionics Functionality and Obsolescence
The type, condition, and functionality of installed avionics are significant. Outdated or non-functional avionics reduce value, while modern, well-maintained systems increase it. A “free aircraft value calculator” may allow users to specify installed avionics, but it cannot assess their operational status. A non-operational, high-value avionics suite does not add value, and a calculator relying solely on a list of equipment would overestimate the true market worth of the airplane.
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Cosmetic Condition and Interior
The airplane’s cosmetic condition, including the paint, interior upholstery, and overall cleanliness, contributes to its perceived value. While less critical than airframe or engine condition, a well-maintained aesthetic appearance can command a premium. “Free aircraft value calculators” generally lack the ability to directly assess cosmetic factors. However, such calculators may incorporate an overall “condition” rating based on user input, thereby influencing the calculated value. Subjective assessments of appearance can vary significantly, limiting the accuracy of this input.
The accuracy of any valuation derived from a “free aircraft value calculator” hinges upon the veracity of the condition information provided. These tools provide a preliminary estimate, but a thorough pre-purchase inspection by a qualified mechanic is essential for a comprehensive assessment of condition and true market value.
4. Avionics Upgrades
Avionics upgrades represent a significant factor influencing aircraft value, and their impact on estimations generated by “free aircraft value calculator” tools warrants careful consideration. The presence and type of upgraded avionics can substantially alter an aircraft’s market value, a nuance that these automated calculators may not fully capture.
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Impact on Functionality and Safety
Avionics upgrades often enhance aircraft functionality and safety. For example, the installation of a modern glass cockpit improves situational awareness for the pilot, while enhanced terrain awareness and warning systems (EGPWS) mitigate the risk of controlled flight into terrain. These improvements directly contribute to the aircraft’s operational capabilities and safety profile, justifying a higher valuation. However, a “free aircraft value calculator” may only recognize the presence of such systems without fully accounting for the enhanced safety and utility they provide.
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Obsolescence Mitigation
Older avionics systems can become obsolete, making maintenance and repairs difficult or impossible. Upgrading to newer systems mitigates this risk, ensuring continued operability and compliance with evolving regulations. An aircraft equipped with legacy avionics might be penalized in the market due to the potential cost and complexity of future upgrades. In contrast, a “free aircraft value calculator” may not adequately depreciate an aircraft with obsolete systems, leading to an inflated valuation. The presence of modern, supported avionics enhances the aircraft’s long-term value, which a calculator might underestimate if it only considers the system’s initial cost.
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Regulatory Compliance
Increasingly stringent regulations, such as those related to ADS-B Out, mandate avionics upgrades for continued operation in certain airspace. Aircraft that have undergone these upgrades are more valuable due to their compliance with current regulations and their ability to operate freely within the designated airspace. A “free aircraft value calculator” should account for compliance with these mandates, but its accuracy depends on the completeness and currency of its regulatory data.
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Market Demand and Appeal
Aircraft equipped with popular avionics upgrades often command a premium in the market due to increased demand from prospective buyers. Certain avionics packages are highly sought after, reflecting their perceived value and utility. A “free aircraft value calculator” may not fully capture these market dynamics, particularly if the upgrade is relatively new or highly specialized. Understanding the market appeal of specific avionics upgrades is crucial for determining a fair market value that exceeds the calculator’s initial estimate.
Therefore, while a “free aircraft value calculator” can provide a preliminary estimate, it is essential to recognize the limitations in its ability to fully assess the impact of avionics upgrades. These tools serve as a starting point, but further investigation into specific avionics packages, their functionality, regulatory compliance, and market appeal is essential for a more accurate valuation.
5. Engine overhaul status
Engine overhaul status is a critical factor influencing aircraft valuation, directly impacting the output of any “free aircraft value calculator.” The time since the last engine overhaul (TSO) and the type of overhaul performed significantly affect the perceived value of an aircraft. A recent or comprehensive overhaul generally increases the valuation, whereas an engine nearing its overhaul interval or with a history of incomplete maintenance reduces it. This relationship stems from the direct impact of engine condition on aircraft reliability, operational costs, and safety.
For example, an aircraft listed with an engine having 100 hours since major overhaul (SMOH) will typically command a higher price than a similar aircraft with an engine at 1900 hours SMOH, nearing the recommended 2000-hour overhaul interval. A “free aircraft value calculator” will ideally incorporate TSO as a primary input, factoring in the remaining time before the next required overhaul. However, the accuracy of the valuation hinges on the user’s accurate reporting of TSO and the calculator’s ability to adjust for the specific engine model’s overhaul interval and associated costs. Furthermore, the quality of the overhaul itself plays a vital role. An engine overhauled by a reputable facility with high-quality parts will be viewed more favorably than one overhauled at a less-established shop with potential shortcuts.
In conclusion, engine overhaul status is an indispensable consideration when assessing aircraft value, and it is ideally integrated into the algorithms of “free aircraft value calculators.” However, reliance solely on TSO as an input is insufficient. A comprehensive assessment requires considering the engine’s maintenance history, the reputation of the overhaul facility, and any available engine health data. The output of a “free aircraft value calculator” should, therefore, be considered a preliminary estimate, subject to verification through thorough engine inspection and record review.
6. Airframe hours
Airframe hours, representing the total time an aircraft has been in operation, are a primary factor influencing the valuation derived from a “free aircraft value calculator.” As airframe hours accumulate, the aircraft experiences wear and tear, impacting component lifespan and increasing the likelihood of required maintenance. Consequently, higher airframe hours generally correlate with a decrease in estimated market value. This relationship is embedded within the algorithms of these tools, which utilize airframe hours as a critical input to determine a preliminary valuation range.
The impact of airframe hours on valuation varies depending on the specific aircraft type and maintenance schedule. For instance, a turbine-powered aircraft with stringent maintenance intervals may exhibit a more linear depreciation curve relative to airframe hours. Alternatively, a piston-powered aircraft might experience a more pronounced decrease in value after reaching certain hour milestones, triggering mandatory engine overhauls or component replacements. “Free aircraft value calculator” tools often incorporate these model-specific considerations, adjusting the valuation based on the reported airframe hours and the aircraft’s maintenance history. However, discrepancies can arise if the tool’s database lacks accurate information regarding specific maintenance requirements or if the user inputs incorrect data. For example, if an aircraft with 5000 airframe hours is mistakenly entered as having 3000 hours, the “free aircraft value calculator” will likely overestimate its market value. Similarly, the tool may not fully account for the impact of frequent short flights versus fewer long flights, even though the total airframe hours might be the same; short flights typically place more stress on the airframe components due to frequent takeoffs and landings. The overall significance of airframe hours is contingent upon comprehensive adherence to the scheduled maintenance program, and how that is factored in the calculation.
In conclusion, understanding the connection between airframe hours and aircraft valuation is crucial when utilizing a “free aircraft value calculator.” While these tools provide a valuable starting point for estimating market value, users should recognize that the accuracy of the valuation depends on the tool’s underlying data, the accuracy of user input, and the consideration of other factors such as maintenance history, engine condition, and avionics upgrades. Due diligence, including a thorough inspection of the aircraft and a review of its maintenance records, remains essential for determining a reliable assessment of value, even after consulting an online tool.
7. Damage history
The presence and severity of an aircraft’s damage history exerts a significant influence on its market valuation, thus affecting the reliability of any estimation produced by a “free aircraft value calculator.” A detailed account of past incidents, accidents, and repairs directly impacts the perceived risk and future operational costs associated with the aircraft, resulting in a reduction of its overall value.
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Impact on Airworthiness and Safety
Damage history raises concerns about the structural integrity and long-term airworthiness of an aircraft. Even if repairs were conducted in accordance with approved procedures, potential buyers may harbor reservations regarding hidden damage or latent defects. A “free aircraft value calculator” typically relies on user-reported damage history information, which may be incomplete or inaccurate. If significant damage history is not disclosed, the calculator will overestimate the aircraft’s value. Conversely, even properly repaired damage can negatively impact value. Therefore, the calculator’s output should be viewed with caution, particularly when the damage history is unknown or vaguely described.
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Insurance Premiums and Coverage
Aircraft with a documented damage history often face higher insurance premiums or limitations in coverage. Insurers perceive these airplanes as posing a greater risk, leading to increased costs for the owner. A “free aircraft value calculator” does not typically factor in the impact of damage history on insurance premiums. This omission can lead to an inaccurate assessment of the total cost of ownership and a misleadingly high valuation. Potential buyers should investigate the insurability of an aircraft with damage history before relying on any calculator-generated valuation.
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Resale Value and Market Perception
Damage history negatively affects the resale value and market appeal of an aircraft. Buyers are generally less willing to pay top dollar for an airplane with a history of accidents or significant damage, even if the repairs were performed to factory specifications. A “free aircraft value calculator,” while attempting to account for damage history, cannot fully capture the subjective impact of this factor on buyer perception. The market typically assigns a discount to aircraft with damage history, regardless of the quality of the repairs. Therefore, the calculator’s output should be adjusted downward to reflect the potential reduction in resale value.
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Documentation and Repair Quality
The completeness and accuracy of damage repair documentation are crucial. Detailed records, including approved repair schemes and certifications, provide assurance that the repairs were conducted correctly. However, incomplete or missing documentation raises red flags and reduces the aircraft’s value. A “free aircraft value calculator” is unable to assess the quality or completeness of repair documentation. Buyers must conduct a thorough review of all maintenance records to verify the validity of any damage repairs. The absence of proper documentation should be treated as a serious issue, warranting a further reduction in the calculator’s estimated valuation.
In summary, the interplay between damage history and aircraft valuation is complex. While “free aircraft value calculator” tools attempt to incorporate this factor into their algorithms, their reliance on user-provided information and their inability to assess repair quality or market perception limits their accuracy. Potential buyers and sellers should conduct a thorough investigation of the aircraft’s damage history, reviewing all relevant documentation and consulting with aviation professionals, before relying on any valuation generated by an automated tool. The presence of damage history should be approached with caution, as it can significantly impact the long-term value and operational costs of the aircraft.
8. Comparable sales
Comparable sales, often referred to as “Comps,” represent a critical data point influencing the accuracy of any “free aircraft value calculator.” The valuation process inherently involves comparing the subject aircraft to similar aircraft that have recently sold. These sales provide a benchmark against which to assess the fair market value, taking into account factors such as make, model, year of manufacture, equipment, and condition. The effectiveness of a “free aircraft value calculator” is directly proportional to the quality, quantity, and recency of the comparable sales data it utilizes. For example, if a tool relies on sales data from a period of economic recession, the resulting valuations may be artificially depressed compared to current market conditions. Similarly, if the tool lacks data on aircraft equipped with similar avionics or modifications, its valuation may not accurately reflect the added value these features contribute.
The incorporation of comparable sales data within a “free aircraft value calculator” typically involves statistical analysis and algorithms designed to adjust for differences between the subject aircraft and the comparables. These adjustments can account for variations in airframe hours, engine time since overhaul, avionics packages, and overall condition. However, the sophistication of these algorithms varies significantly between different “free aircraft value calculator” tools. Some may employ simple averaging techniques, while others utilize more advanced regression models. The choice of methodology directly impacts the accuracy of the valuation. For instance, consider two aircraft of the same make and model, but one has undergone a recent engine overhaul and avionics upgrade, while the other has not. A sophisticated “free aircraft value calculator” would adjust the valuation of the upgraded aircraft based on comparable sales of similar aircraft with comparable upgrades, resulting in a more accurate assessment of its true market value.
In conclusion, comparable sales represent a cornerstone of aircraft valuation, and their effective integration into a “free aircraft value calculator” is paramount. While these tools can provide a useful starting point, users should critically evaluate the source and quality of the underlying comparable sales data. Limitations in data availability or algorithmic sophistication can lead to inaccurate valuations. Therefore, consulting with experienced aviation professionals and conducting independent research on recent sales of similar aircraft remain essential steps in the aircraft valuation process, even when utilizing a “free aircraft value calculator.” The reliance on real world market activity, specifically historical transactions, is crucial to establish a reasonable estimate of fair market value and to guide decision making in the purchase or sale of an aircraft.
9. Location specifics
The geographical location of an aircraft significantly influences its market valuation, thereby affecting the accuracy of estimates generated by a “free aircraft value calculator.” Regional economic conditions, prevailing weather patterns, regulatory environments, and the availability of maintenance facilities all contribute to localized variations in aircraft values. For example, an aircraft located in a region with high demand and limited supply will generally command a higher price than an identical aircraft situated in an area with an oversupply of similar airplanes. This disparity stems from basic economic principles of supply and demand. Similarly, aircraft located in coastal regions may be more susceptible to corrosion, potentially lowering their value compared to those in arid inland areas. “Free aircraft value calculator” tools that fail to account for these location-specific factors will produce less reliable valuations.
Consider the scenario of two Cessna 172 aircraft, identical in all respects except for their location. One is based in Southern California, a region with numerous flight schools and a high demand for training aircraft. The other is based in a rural area of the Midwest, where demand for general aviation aircraft is lower. A “free aircraft value calculator” that does not incorporate regional demand variations may undervalue the California-based aircraft and overvalue the Midwest-based aircraft. Furthermore, location dictates the cost of maintenance and repairs. Areas with a high concentration of certified mechanics and repair shops tend to offer more competitive pricing, while remote locations may command premium rates due to limited availability. This difference in operating costs also contributes to regional value variations. Finally, regulatory differences, such as state sales tax or emissions requirements, can impact the desirability and value of an aircraft in specific locations.
In conclusion, the influence of location specifics on aircraft valuation is undeniable. While “free aircraft value calculator” tools can provide a preliminary estimate, their reliance on nationwide averages or incomplete regional data limits their accuracy. Potential buyers and sellers should consider localized market conditions and operational factors when interpreting calculator outputs. Consulting with experienced aviation professionals familiar with the specific region in question is essential for arriving at a more reliable valuation. The most effective approach integrates the “free aircraft value calculator’s” generalized estimate with nuanced understanding of regional forces.
Frequently Asked Questions Regarding Free Aircraft Value Calculators
The following questions address common inquiries and potential misunderstandings concerning the utility and limitations of no-cost aircraft valuation tools.
Question 1: What is the primary function of a free aircraft value calculator?
A free aircraft value calculator provides an estimated market value for an airplane based on user-provided information. It serves as a preliminary tool for buyers and sellers to gauge potential pricing.
Question 2: How accurate are the valuations generated by these free tools?
The accuracy varies depending on the comprehensiveness of the underlying data, the sophistication of the valuation algorithm, and the precision of the user-supplied information. These tools provide an estimate, not a definitive appraisal.
Question 3: What data inputs are typically required by a free aircraft value calculator?
Common inputs include aircraft make, model, year of manufacture, total flight hours, engine time since overhaul, installed avionics, and a subjective assessment of the aircraft’s condition.
Question 4: Can these free tools account for all factors that influence aircraft value?
No. These tools may not fully consider factors such as damage history, the quality of maintenance records, specific market demand in a given location, or unique modifications to the aircraft. Subjectivity is removed during calculation as well.
Question 5: Is a valuation from a free aircraft value calculator sufficient for making purchase or sale decisions?
No. The output should be considered a preliminary estimate only. A professional appraisal, including a physical inspection and thorough record review, is essential for informed decision-making.
Question 6: Are there alternative methods for determining aircraft value?
Yes. Alternative methods include consulting with experienced aircraft brokers, reviewing comparable sales data, and engaging a certified aircraft appraiser. These alternatives offer a more comprehensive and reliable assessment of market value.
In conclusion, free aircraft value calculators provide a convenient starting point for estimating airplane values, but their limitations necessitate further investigation and professional guidance for accurate decision-making.
The subsequent section will address the role of professional aircraft appraisers in the valuation process.
Tips for Utilizing “Free Aircraft Value Calculator” Tools
These tips aim to maximize the effectiveness of online aircraft valuation tools and to mitigate potential inaccuracies inherent in their use.
Tip 1: Verify Input Data: Ensure the accuracy of all information entered into the “free aircraft value calculator,” including make, model, year, and airframe hours. Incorrect data will inevitably skew the valuation. Cross-reference information with official aircraft documentation.
Tip 2: Account for Avionics Upgrades: Carefully itemize any avionics upgrades implemented on the aircraft. Many “free aircraft value calculator” tools allow for separate entry of avionics, significantly impacting the final valuation. Provide precise model numbers when available.
Tip 3: Assess Condition Objectively: The “condition” input, often presented as a subjective rating (e.g., “Excellent,” “Good,” “Fair”), exerts considerable influence. Strive for an objective assessment, consulting maintenance records and inspection reports to support the chosen rating. Avoid inflating the condition rating.
Tip 4: Research Comparable Sales: Supplement the “free aircraft value calculator” output with independent research into recent sales of comparable aircraft. Utilize aviation-specific marketplaces and databases to identify similar airplanes that have recently sold, noting their condition, equipment, and sale price. This provides a real-world market comparison.
Tip 5: Recognize Market Limitations: Understand that “free aircraft value calculator” tools rely on aggregated data and may not accurately reflect localized market conditions. Regional variations in demand, maintenance costs, and regulatory factors can influence aircraft values. Consider these factors when interpreting the calculators estimate.
Tip 6: Consider Professional Appraisal: The “free aircraft value calculator” serves as a preliminary tool, but it does not replace a professional aircraft appraisal. For critical purchase or sale decisions, engage a certified appraiser to conduct a comprehensive inspection and valuation.
Tip 7: Review Maintenance Records: Maintenance history significantly influences aircraft value. Before using a “free aircraft value calculator,” thoroughly review all maintenance records, noting any discrepancies, repairs, or deferred maintenance items. Factor these findings into the interpretation of the valuation.
Following these tips will enhance the reliability of valuations obtained from automated tools and inform more sound decision-making in aircraft transactions.
The subsequent section will provide a final summary of the benefits and drawbacks of utilizing free online resources.
Conclusion
This exploration of “free aircraft value calculator” tools reveals their potential as preliminary resources for estimating aircraft market values. These tools aggregate data and apply algorithms to provide an initial valuation range, offering a starting point for prospective buyers and sellers. However, the inherent limitations of automated systems necessitate a cautious approach to interpreting their outputs. Factors such as data accuracy, model-specific depreciation, aircraft condition, avionics upgrades, engine status, damage history, comparable sales, and location specifics significantly influence aircraft value but may not be fully captured by these tools.
Consequently, reliance solely on the output of a “free aircraft value calculator” is imprudent for critical decisions. A comprehensive assessment requires consulting with aviation professionals, conducting thorough inspections, and reviewing relevant documentation. The value of these online resources lies in their ability to provide a preliminary estimate, prompting further investigation and expert consultation to ensure informed and responsible aircraft transactions. The industry has to take a holistic view in the valuation process.
