Finding the market value of all plant and machinery assets employed by a company in manufacturing and construction services is referred to as plant and machinery valuation. Companies frequently use equipment and plants. As a result, a company must regularly define a value for these fixed assets and set a price for them.

As there are many factors in plant and machinery valuation, it is a laborious task that requires a competent appraiser or valuer. The objective of the valuation influences the use of valuation techniques. The market approach to valuation, for instance, will be employed if the goal of the valuation is to determine the value received when an asset is sold on the open market.