JP Morgan analyst Imran Khan estimates that AOL is worth $4.2 billion. As you know, AOL is preparing to spin off from parent company Time Warner Inc. (NYSE:TWX). When Google bought a 5% stake in AOL back in 2005, the valuation of AOL was estimated to be about $5.5 billion.

To make Khan’s estimates even credible, Rich Greenfield of Pali Capital pegged AOL’s valuation to be around $4 billion also. The valuation is based on the following estimates by JP Morgan.

As AOL prepares to spin off from AOL, they have been making a few managerial changes. The company dismissed the COO and SVP earlier this month and also hired Brad Garlinghouse from Yahoo!