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The Fiduciary's Guide to ESOP Valuation

An NCEO book explaining ESOP valuation, valuation reports, control, appraiser selection, and fiduciary review.

Source: National Center for Employee OwnershipAdded June 12, 2026Published 2020
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Why it matters

Valuation is one of the highest-risk and most important financial questions in ESOP transactions and ongoing ESOP administration.

Best for

Trustees, inside fiduciaries, boards, and advisors who need to understand ESOP valuation at a serious level.

This paid 92-page NCEO digital book was published in 2020 for inside trustees, company leaders, directors, and other readers who must understand ESOP valuation reports. It covers appraisal reports, control premiums and discounts, review questions, employee communication, appraiser selection, and a report-review checklist.

Use it for advanced fiduciary education after learning basic ESOP structure and process. It is less technical than professional valuation material, may age as practice changes, and does not replace an independent appraiser, fiduciary process, or legal advice.

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