A valuation summary for a merger and acquisition (M&A) transaction in which investment bankers graphically illustrate the final result, after completing all relevant valuation methodologies. This summary enables bankers to create a valuation range for a “target” company. In general, a football field shows a comparable company range that is lower than a comparable transaction range, because comparable transactions include a control premium. The following diagram is an example of a football field:

It is also known as a valuation football field.