You have now learned several ways to estimate what a company is worth—each one giving you a different number. That can feel confusing, but it is actually a gift. In this chapter, we’ll pull all those estimates together into one clear picture and then ask the most important question: “What happens if our assumptions are a little bit wrong?” By the end, you’ll know how to present a range of values and how to test your model so you can speak confidently about uncertainty.