Going-concern value is the value of a company as a whole over and above the sum of the values of each of its parts; the value of organisation learning and reputation. Appraisal Institute (2001) defines Going-concern value as the value of a proven property operation. It includes the incremental value associated with the business concern, which is distinct from the value of the real estate. Going-concern value includes an intangible enhancement of the value of the operating business enterprise which is produced by the assemblage of the land, building, labour, equipment, and marketing operation. This assemblage creates an economically viable business that is expected to continue. Going-concern value refers to the total value of a property, including both real property and intangible personal property attributed to business value.
Going-concern value = Present value (PV) of sustainable Net 0perating Income (NOI)
