Compare investor perceptions of deal value added1 (DVA) in public company M&A and the percentage of companies believed to have overpaid for an acquisition2 (POP). View all deals valued >$25 million and compare with those by selected industry, geography, or source of funding.

Number of deals

Do investors think the average deal creates value?

Average annual deal value added (DVA), %

How disciplined are acquirers in their efforts to pay the right price?

1-week premium,3 %
1 DVA defined as combined (acquirer and target) change in market capitalization, adjusted for market movements, from 2 days prior to 2 days after announcement, as a percentage of transaction value.
2 POP defined as the proportion of transactions in which share price reactions, adjusted for market movements, were negative for the acquirer from 2 days prior to 2 days after the announcement.
3 For M&A deals involving publicly traded companies: 1-week premium = price offered per share vs target company’s share price 1 week prior to announcement.

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Years with 3 or fewer deals are not plotted.


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