Why is Ad Value Equivalency or AVE no longer used?

Why is Ad Value Equivalency or AVE no longer used?

Ad Value Equivalency (AVE) is considered outdated because it uses arbitrary multipliers to assign a monetary value to media coverage, which doesn't reflect actual business outcomes. Modern PR focuses on value-driven metrics like engaged impressions and referral conversion rates. Stakeholders now prioritize measurable business results over inflated advertising estimates.