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Another analyst said that while Facebook's financial performance was strong, it was difficult to value the company based simply on its revenue and net income.
Jason Tuvey, a Middle East specialist at Capital Economics, said it was difficult to value Saudi Aramco and he had come across speculative figures ranging from $1tn to $10tn.
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It is difficult to value Kozmo or Urbanfetch because both are privately held.
The problem is that internet companies are difficult to value by conventional measures.
They feel it is difficult to value accurately the Russian business.
Given the intangible nature of intellectual property, it can be difficult to value.
Information on historical prices is scarce, so it is difficult to value assets.
"It's difficult to value a company in this situation," he said.
Despite the limited supply, prices remain cheap, in part because the assets are difficult to value.
Almost all proposals have effects that are difficult to value in monetary terms.
"This guidance will help auditors more accurately price assets that are difficult to value under current market conditions".
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