RE:RE:RE:Ho hum.. big A.. you got a few things right..Hegemo- I am specifically alluding to using incorrect EBITDA multiples. However you can indirectly look at this as questioning other methods for true value, correct. I agree with you, Book vs FMV, big difference.
Looking through financial based on sales is one way to gather data. Another could be calling auction houses that sell rigs and trying to get some quotes. Problem is rig prices vary significantly; condition, vintage, area, other features, etc. Hard to get true value but I am working on this just as you are.