The value of a business can be determined through various methods, including:

1. Asset-Based Valuation: Calculating the value of the business’s assets minus its liabilities.
2. Income-Based Valuation: Assessing the business’s ability to generate future income.
3. Market-Based Valuation: Comparing the business to similar businesses that have been sold recently.
4. Earnings Multiples: Applying a multiple to the business’s earnings before interest, taxes, depreciation, and amortisation (EBITDA).