Factors Considered by Business Appraisers     The valuation of an interest is, in essence, a prophecy as to the future, based on a risk assessment of known or knowable relevant facts, as of the valuation date, likely to affect the realization of the identified benefit stream.   Usually, A range of values, rather than an absolute value, best represents fair market value itself.   Consequently, the valuation conclusions derived by valuation analysts are the aggregate results of independent risk assessments, approximations, assumptions, limiting conditions supported by common sense, informed professional judgment and reasonableness, rather than just mathematical calculations.    There are many factors considered by an appraiser during the valuation of a business enterprise such as the pattern of historical performance and earnings, the Company's competitive market position, state of the industry, experience, quality of management, marketability, and any other risk factors likely to affect the realization of potential economic benefits.