Valuation is at the heart of any investment decision, whetherthat decision is buy, sell or hold. But the pricing of many assetshas become a more complex task in modern markets, especially afterthe recent financial crisis. In order to be successful at thisendeavor, you must have a firm understanding of the propervaluation techniques. One valuation book stands out as withstandingthe test of time among students of financial markets and investors,Aswath Damodaran'sInvestment Valuation.
Now completely revised and updated to reflect changing marketconditions, this third edition comprehensively introduces studentsand investment professionals to the range of valuation modelsavailable and how to chose the right model for any given assetvaluation scenario. This edition includes valuation techniques fora whole host of real options, start-up firms, unconventionalassets, distressed companies and private equity, and real estate.All examples have been updated and new material has been added.
This indispensable guide is a must read for students wishing togain a better understanding of investment valuation and itsmethods. With it, you can take the insights and advice of arecognized authority on the valuation process and immediately putthem to work for you.
ASWATH DAMODARAN is Professor of Finance at New YorkUniversity's Leonard N. Stern School of Business. He has been therecipient of numerous awards for outstanding teaching, includingthe NYU university-wide Distinguished Teaching Award, and was namedone of the nation's top business school teachers byBusinessWeek in 1994. In addition, Damodaran teachestraining courses in corporate finance and valuation at many leadinginvestment banks. His publications include Damodaran onValuation: Security Analysis for Investment and CorporateFinance; Investment Valuation; Corporate Finance;Investment Management; and Applied Corporate Finance,all published by Wiley, and The Dark Side ofValuation.
Valuation is at the heart of any investment decision, whetherthat decision is to buy, sell, or hold. In The Little Book ofValuation, expert Aswath Damodaran explains the techniques inlanguage that any investors can understand, so you can make betterinvestment decisions when reviewing stock research reports andengaging in independent efforts to value and pick stocks.
Page by page, Damodaran distills the fundamentals of valuation,without glossing over or ignoring key concepts, and develops modelsthat you can easily understand and use. Along the way, he coversvarious valuation approaches from intrinsic or discounted cash flowvaluation and multiples or relative valuation to some elements ofreal option valuation.Includes case studies and examples that will help build yourvaluation skillsWritten by Aswath Damodaran, one of today's most respectedvaluation expertsIncludes an accompanying iPhone application (iVal) that makesthe lessons of the book immediately useable
Written with the individual investor in mind, this reliableguide will not only help you value a company quickly, but will alsohelp you make sense of valuations done by others or found incomprehensive equity research reports.
While you can find numerous books focused on the topic ofcorporate finance, few offer the type of information managers needto help them make important decisions day in and day out.
Value explores the core of corporate finance withoutgetting bogged down in numbers and is intended to give managers anaccessible guide to both the foundations and applications ofcorporate finance. Filled with in-depth insights from experts atMcKinsey & Company, this reliable resource takes a much morequalitative approach to what the authors consider a lost art.Discusses the four foundational principles of corporatefinanceEffectively applies the theory of value creation to oureconomyExamines ways to maintain and grow value through mergers,acquisitions, and portfolio managementAddresses how to ensure your company has the right governance,performance measurement, and internal discussions to encouragevalue-creating decisions
A perfect companion to the Fifth Edition ofValuation, this book will put the various issues associatedwith corporate finance in perspective.
In order to be a successful CEO, corporate strategist, oranalyst, understanding the valuation process is a necessity. Thesecond edition of Damodaran on Valuation stands out as themost reliable book for answering many of today?s critical valuationquestions. Completely revised and updated, this edition is theideal book on valuation for CEOs and corporate strategists. You'llgain an understanding of the vitality of today?s valuation modelsand develop the acumen needed for the most complex and subtlevaluation scenarios you will face.
Financial Valuation: Applications and Models provides authoritative reference and practical guidance on the appropriate, defensible way to prepare and present business valuations. With contributions by 30 top experts in the field, this new fourth edition provides an essential resource for those seeking the most up-to-date guidance, with a strong emphasis on applications and models. Coverage includes state-of-the-art methods for the valuation of closely-held businesses, nonpublic entities, intangible, and other assets, with comprehensive discussion on valuation theory, a consensus view on application, and the tools to make it happen. Packed with examples, checklists, and models to help you navigate your valuation project, this book also provides hundreds of expert "tips" and best practices in clear, easy-to-follow language. The companion website provides access to extensive appendix materials, and the perspectives of valuation thought-leaders add critical insight throughout each step of the process.
Valuation is an important part of any organization's overall financial strategy, and seemingly-small inaccuracies or incomplete assessments can have big repercussions. This book walks you through the valuation process to give you the skills and understanding you need to get it done right.Learn best practices from 30 field-leading expertsFollow clear examples for complex or unfamiliar scenariosAccess practical tools that streamline the valuation processUnderstand valuation models and real-world applications
The business valuation process can become very complex very quickly, and there's no substitute for clear guidance and a delineated framework in the run-up to completion. Get organized from the beginning, and be systematic and methodical every step of the way. Financial Valuation: Applications and Models is the all-encompassing, expert guide to business valuation projects.