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  "title": "DCF vs multiples vs NAV cross-domain valuation framework",
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  "frontmatter": {
    "title": "DCF vs multiples vs NAV cross-domain valuation framework",
    "aliases": [
      "dcf-vs-multiples-vs-nav-cross-domain-valuation-framework",
      "DCF vs multiples vs NAV",
      "three valuation approaches",
      "Japan corporate valuation framework",
      "cross-domain valuation framework",
      "income market asset valuation"
    ],
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    "type": null,
    "created": "2026-05-25",
    "last_updated": "2026-07-29",
    "last_tended": "2026-07-29",
    "review_by": "2027-01-29",
    "confidence": "likely",
    "tags": [
      "finance",
      "valuation",
      "DCF",
      "multiples",
      "NAV",
      "M&A",
      "j-reit",
      "methodology"
    ],
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    "sources": [
      "https://www.meti.go.jp/policy/economy/keiei_innovation/keizaihousei/fair-ma-rule/ma-guideline-publications.html",
      "https://www.fsa.go.jp/en/laws_regulations/faq_on_fiea.pdf",
      "https://www.jpx.co.jp/english/equities/follow-up/02.html",
      "https://pages.stern.nyu.edu/adamodar/New_Home_Page/valuationtools.html",
      "https://www.mlit.go.jp/tochi_fudousan_kensetsugyo/tochi_fudousan_kensetsugyo_fr4_000001_00248.html",
      "https://www.ares.or.jp/action/jreit/"
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  "summary": "Three common valuation approaches are discounted cash flow (DCF), trading / transaction multiples, and net asset value (NAV). Each tests a different value premise—future free cash flow, comparable market pricing, or asset values net of liabilities—and none is presumed to dominate across companies, t",
  "headings": [
    "DCF vs multiples vs NAV cross-domain valuation framework",
    "TL;DR",
    "Wiki route",
    "The Three Approaches at a Glance",
    "Mechanics",
    "When DCF May Fit",
    "Common DCF Pitfalls",
    "Japan-Specific DCF Adjustments",
    "Common Multiples by Asset Type",
    "When Multiples Fit"
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