Stephen Groves
Principal Business Valuer,
Groves Valuations &
Forensics
Who is Stephen Groves?
Stephen specialises in valuing businesses and IP across tax, structuring, transaction, and dispute contexts. He is frequently briefed as both single and shadow expert valuer in family-law proceedings and has appeared multiple times as an expert witness in Australian courts.
Well-known for tackling valuations under heightened ATO scrutiny—including Top 500 and Next 5000 program groups—Stephen delivers reports that are accurate and reliable.
A former member of the Registered Business Valuer Education & Standards Committee, he has also lectured on Advanced Financial Analysis and Bases of Value in RBV courses.
All of Stephen's clients are referred to him. Stephen likes meeting complementary professional practitioners in person and working with them to achieve strong client outcomes. Professional practitioners looking to brief Stephen or refer clients can contact Stephen to arrange a meeting.

Australian Tax
Stephen prepares valuations that satisfy ATO requirements for capital gains, restructuring, and compliance. His approach brings clarity to even the most technical transactions.
Financial Reporting
With deep expertise in financial reporting standards, Stephen delivers valuations for impairment testing, business combinations, and fair value assessments under IFRS and AASB.
Employee Share Scheme
Stephen supports businesses in valuing equity plans for compliance and reporting purposes — providing clear, defensible valuations trusted by boards and advisers.
Transactions & Succession
Whether it’s M&A, demergers, or internal reorganisations, Stephen brings commercial insight to valuation assignments involving complex business structures.
Purchase Price Allocation
Stephen prepares detailed PPA reports to allocate value across assets and liabilities after acquisitions — with documentation that stands up to auditor scrutiny.
Family Law
Stephen is regularly appointed as a single expert or shadow expert in family law and commercial disputes. His reports are timely, court-compliant, and defensible under cross-examination.
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They took the time to 'dumb' it down for me so I could understand. Very professional and knowledgeable - great job team!
Brian Brown
CEO, Gutter Knight Australia -
Comprehensive in approach as well as plain spoken. Better still, the results I have seen are better than anywhere else in the industry.
Christopher Brereton
Nat'l Manager, O'Maras -
Stephen and his team delivered their expertise quickly and worked with us and our client in delivering a highly technical and sophisticated deliverable.
Vincent Elias
Director, Infinity Financial