Meaning of the word valuation in English

What does valuation mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

valuation

US /ˌvæl.juˈeɪ.ʃən/
UK /ˌvæl.juˈeɪ.ʃən/

Noun

1.

the act of estimating or determining the worth or price of something

Example:
The company's valuation was much higher than expected.
We need an independent valuation of the property.
2.

the estimated worth or price of something

Example:
The startup achieved a valuation of over a billion dollars.
The art expert provided a detailed valuation of the painting.