a publicly traded company with similar characteristics to a private company that is being valued. For example, a telecommunications equipment manufacturer whose market value is 2 times revenues can be used to estimate the value of a similar and relatively new company with a new product in the same industry. See Liquidity discount.
A property, similar in character to the property being appraised (the subject), from which market value, market rents, etc. may be derived, which in turn are used to estimate subject value or a value compenent.
in an appraisal, the properties which are delineated as comparable or equitable to specific property in terms of income, rental price, market value, selling price, loan amount, or some other measure of value.