FAQs

The North American Industry Classification System (NAICS) is the standard used by Federal statistical agencies in classifying business establishments for the purpose of collecting, analyzing, and publishing statistical data related to the U.S. business economy.

NAICS was developed under the auspices of the Office of Management and Budget (OMB), and adopted in 1997 to replace the Standard Industrial Classification (SIC) system. It was developed jointly by the U.S. Economic Classification Policy Committee (ECPC), Statistics Canada, and Mexico's Instituto Nacional de Estadistica y Geografia, to allow for a high level of comparability in business statistics among the North American countries.

This official U.S. Government Web site provides the latest information on plans for NAICS revisions, as well as access to various NAICS reference files and tools.

For more information, go to https://www.census.gov/naics/

Ntry™ Estimates are a starting point estimate of a company’s enterprise value using Nterprisers’ proprietary methodology and automated insights on key inputs and rating metrics derived from publicly available information.

Ntry™ Estimates ARE NOT APPRAISALS and DO NOT follow business appraisal standards.

Ntry™ Estimates vary based on:

• Key Inputs: Inference of Industry, Number of Employees, and Estimates of Annual Revenue derived from public data sources and automated insights
• Metric Ratings: Machinery, Inventory, Profitability, IP/Other Intangibles, Projected Growth, and Relative Business Appeal are automatically assigned from insights inferred from publicly available and accessible information on metrics specific to the company

Ntry™ Estimates are low confidence estimates.

Ntry™ Estimates depend on automated insights on rating factors from public information which may not always be comprehensive or complete.

Ntry™ Estimates may be unavailable. Some common reasons include:

• Publicly available data on the company is insufficient or unreliable
• Business structure complexities – e.g. the company's operations are difficult to separately assess from that of its parent company
• Significant direct retail sales component, for example a food or beverage manufacturer
• Early stage / pre-revenue companies

Ntry™ Estimates ARE NOT indicative of the final sales price of a company, and DO NOT mean that a company has enterprise value that can be realized in a business sales transaction.

Ntry™ Estimates may be periodically revised to reflect updated information and insights from owner engagement without compromising their privacy. Owner First Commitment