Why does Misano print a valuation band instead of one number?

A single point estimate looks precise and is often wrong for SME screening. Low / mid / high from the multiples engine shows the range; mid is the headline. Full method: misano.ai/guides/how-we-value-companies-at-scale.

Is the headline the mid of the band?

Yes. Low / mid / high = metric × levels; headline = mid (fair market value for a financial buyer at the market median). You can switch the displayed cell; the engine validates it. Buyer basis: misano.ai/guides/fair-market-value-for-a-financial-buyer.

Does Misano average multiples, DCF, and NAV into one number?

No. Multiples set the headline band. Damodaran DCF is an independent cross-check. NAV reconciles against book equity. The football field shows where methods agree — it does not silently blend them into fake precision.

Where is the full valuation methodology?

misano.ai/guides/how-we-value-companies-at-scale covers the multiples engine, normalization, staleness gates, NAV, Damodaran DCF, and the football field. The published multiples benchmark is at misano.ai/guides/multiples.

The value band is triangulated, not asserted.

A single valuation number looks precise. For SME screening it is often fake precision. Misano prints a low / mid / high band from the multiples engine, uses the mid as the headline fair market value for a financial buyer, and shows how Damodaran DCF and NAV sit relative to that band. Triangulation, not assertion.

Where the band comes from

The multiples engine picks one source per metric family: custom override, then niche, then NACE baseline. No weighted blending of sources — one source, explainable. Method: misano.ai/guides/how-we-value-companies-at-scale.
Low / mid / high = metric × levels (EV/EBITDA, then P/E, then EV/Revenue as the cascade). Headline = mid. Heuristic adjustments (margin, size, score) appear as provenance steps, not as a second secret engine.
Published EV/EBITDA and EV/Sales bands for NACE divisions and niches live at misano.ai/guides/multiples — control-transaction, pre-synergy, evidence-graded.

What triangulates the mid

Damodaran-style FCFF DCF is an independent cross-check (own tab, delta card against the multiples valuation), not a substitute headline. Terminal growth is capped at Rf. Method detail: misano.ai/guides/how-to-value-a-private-company.
NAV (book equity) reconciles the income value: roughly 0.7–1.5× book is OK; outside that band the engine recommends anchor pull or an interval, depending on ROE and archetype. Deterministic, no AI.
Misano does not silently average multiples, DCF, and NAV into one fake-precise CZK. Each method stays visible. The football field is where they meet.

The football field

One CZK axis; each method a horizontal bar (NACE / niche / custom EV/EBITDA, EV/Revenue, P/E, DCF, NAV).
A consensus band marks CZK ranges where at least two EV methods agree. The marker tracks the cell that actually made the headline.
Bars flag EV vs equity basis visually — there is not yet a net-debt bridge, so the chart admits the difference instead of faking one axis.

What this is not

Not a strategic premium or auction top. FMV is for a financial buyer at the market median, pre-synergy. Buyer basis: misano.ai/guides/fair-market-value-for-a-financial-buyer.
Not advice that you must bid at the mid. Mid is the average solid company in the band; low and high exist for a reason.
Not a rewrite of the full valuation essay. Multiples cascade, normalization, staleness gates, NAV, DCF, and football field stay at misano.ai/guides/how-we-value-companies-at-scale.

Get started at https://app.misano.ai/login. From €39/month billed annually, 14-day money-back, no sales call. Product path: misano.ai/scout.

See also: misano.ai/guides/how-we-value-companies-at-scale, misano.ai/guides/fair-market-value-for-a-financial-buyer, misano.ai/guides/how-to-value-a-private-company, and misano.ai/guides/multiples.