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Zygoot - 1:02 pm on Jul 4, 2005 (gmt 0)
Generally I think a site which gets most of its visitors through search engines is worth less than a site which gets lots of organic traffic. A search engine update can cut the revenue with 75% or more. I don't think a site is worth more than 12 months of current revenue, unless there is a lot of chance on future growth. But personally I wouldn't sell a site for just 6-12 months income. I would rather keep it.
I haven't read all pages of this topic because I'm just back from a short trip but I think it depends on many factors.