Roger J. Grabowski is a managing director in the Chicago office and part of the firm's Valuation Advisory Services practice. He has more than 30 years of experience in business valuation.
Prior to joining Duff & Phelps, Roger was a managing director with Standard & Poor's Corporate Value Consulting. He also was a partner at PricewaterhouseCoopers and Price Waterhouse, where he founded its U.S. Valuation Services practice and the Real Estate Appraisal practice. Roger has directed valuations of businesses, interests in businesses, intellectual property, intangible assets, real property and machinery and equipment. He has testified in court as an expert witness on the value of closely held businesses and business interests, matters of solvency, valuation and amortization of intangible assets and other valuation issues.
Roger's testimony in U.S. District Court was referenced in the U.S. Supreme Court opinion decided in his client's favor in the landmark
Newark Morning Ledger case. Roger co-authors the Duff & Phelps'
Risk Premium Report. He publishes regularly; for example, he is co-author with Shannon Pratt of
Cost of Capital: Applications and Examples (Wiley) and co-authored three chapters in the
The Handbook of Business Valuation and Intellectual Property Analysis (McGraw-Hill). Roger teaches courses for the American Society of Appraisers, including
Cost of Capital, part of the curriculum of the Center for Advanced Valuation Studies and a course he co-developed.
Roger has completed the doctoral program in finance at Northwestern University and holds a B.B.A. in finance from Loyola University of Chicago. He is also an accredited senior appraiser.