Given the level of interest rates, most valuation models say prices should rise at least 20 percent to reach fair valuation.

"Management felt in both cases that these were fair valuations," Mr. Bozarth said.

"I will place gold coins upon the dock, to a fair valuation of the boat."

Joel strongly supports and advocates for the fair and just valuation of music.

There are too many assumptions required for a fair valuation to be calculated, given it is such a politically contentious issue.

Several firms have emerged to provide fair valuations to fund managers and to stave off this type of arbitrage.

Millicent sold out to me perfectly willingly and at a fair valuation.

With interest rates at current levels, Mr. Bernstein said stocks were between 10 and 20 percent above what he considered fair valuation.

While land owners received a "fair" valuation for their property, relocation expenses were not paid.

He said he expected share prices to rise well above fair valuations, in part because other factors were in line.