What do you actually own?

Not what the company is worth. What your share of it is worth, to whom, and under what constraints. Those are four different questions, and only one of them is arithmetic.

Most owners believe exit value is a financial number. It isn't. It is earnings multiplied by a multiple, and the multiple is set almost entirely by things that never appear on a P&L: whether the business runs without you, whether the revenue renews, whether the code is legally yours.

For a co-owner there is a second layer, and it usually matters more. Your shareholder agreement may already dictate your price. If it contains a valuation formula written twenty years ago, that formula outranks every number this tool produces.

This audit assembles itself around your answers. Tell it the ownership structure and the revenue model and it decides what to ask next, and which of three very different valuations you are entitled to. Questions that don't apply to you never appear.

Time: Allow thirty to forty minutes, and have your P&L within reach. The bank holds 88 questions. Your answers decide which apply, and which valuation method you're judged by.
Unknowns: Every question has a Need to check option. It doesn't block you. It widens the range, visibly, and becomes your homework.
Privacy: This file runs entirely in your browser. No server, no network call, no analytics. Close the tab and it's gone unless you export.
Honesty: Optimistic inputs produce a flattering number and a wasted afternoon. The tool is only as good as your willingness to answer badly.

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Equity Value Audit · v1.0 Indicative only · Not a valuation opinion