Valuation · The price premium · Element

The premium

The observed price difference.

The part

What it is

Expressed in absolute and percentage terms, since one flatters small-ticket categories and the other flatters large ones.

Realised price rather than list price, because discounting frequently removes most of a nominal premium.

The smallest level

The attributes it carries

Each attribute is one of the framework’s shared types. What a date is, and how it is written, is defined once for the whole model — the note here says what it means in this particular place.