The business enterprise value of the Indian Premier League (IPL) on a standalone basis has hit $15.4 billion in 2023, an increase of 80 per cent over last year’s value, says Houlihan Lokey Inc, a global investment bank based in New York. This is close to the valuation of Formula One, which is pegged at $ 17.1 billion.
The business value has been calculated by using a variant of the income approach popularly known as discounted cash flow, which is the present value of all future cash flows of the IPL business.
IPL’s enterprise value, when compared to Indian start-up valuations which