Damodaran on Valuation: Security Analysis for Investment and Corporate Finance / Edition 2

Hardcover (Print)
Rent
Rent from BN.com
$20.95
(Save 79%)
Est. Return Date: 11/01/2014
Buy New
Buy New from BN.com
$59.11
Used and New from Other Sellers
Used and New from Other Sellers
from $53.96
Usually ships in 1-2 business days
(Save 46%)
Other sellers (Hardcover)
  • All (19) from $53.96   
  • New (13) from $53.96   
  • Used (6) from $54.44   

Overview

Praise for Damodaran on Valuation

SECOND EDITION

"Aswath Damodaran is simply the best valuation teacher around. If you are interested in the theory or practice of valuation, you should have Damodaran on Valuation on your bookshelf. You can bet that I do."
—Michael J. Mauboussin, Chief Investment Strategist, Legg Mason Capital Management and author of More Than You Know: Finding Financial Wisdom in Unconventional Places

"Damodaran on Valuation is a marvel. The combination of expositional simplicity and conceptual rigor in this book is a rarity in the field of finance; rarer still is the clarity of ideas that simultaneously informs and delights. I do not believe that one can claim to be a serious practitioner—or, for that matter, teacher—of business valuation without mastering the ideas presented in this definitive piece of work."
—Professor Anant K. Sundaram, Faculty Director of Executive Education, Tuck School of Business at Dartmouth College

"Professor Damodaran does an excellent job of incorporating public and private company valuation issues in one volume. It's full of 'how tos' in dealing with difficult technical issues not usually addressed in text books, making it a great discussion tool and resource for both the student and the valuation professional. This is a great addition to any valuation library or training program."
—Scott A. Nammacher, CFA, ASA, Managing Director, Empire Valuation Consultants, LLC

In today's no-room-for-error business environment, the ability to accurately value a company's assets—both tangible and intangible—is essential for a wide variety of professionals, whether they are inside or outside that company. Damodaran on Valuation looks at valuation from the viewpoint of both the internal corporate strategist and the external portfolio manager, addressing issues related to models and techniques for valuing a business and, just as important, explaining their application in either the operation or acquisition of that business.

Damodaran on Valuation explores all aspects of valuation, from the fundamentals of estimating cash flows and discount rates to the principles underlying the use of multiples. In addition, the book addresses what are often left as loose ends in valuation—the value of control and synergy; how best to deal with cash, non-operating assets, and employee stock options when valuing a company; and the consequences of illiquidity, distress, and lack of transparency for asset value.

Whether you are a manager looking to maximize a company's value or an investor looking to beat the market, Damodaran on Valuation will give you the detailed, logical, and sensible answers you need to arrive at an accurate valuation.

Read More Show Less

Editorial Reviews

Booknews
Valuation authority Damodaran (finance, NYU) offers an overview of the three basic valuation approaches for investment analysis: discounted cash flow, relative valuation, and contingent claim valuation. He shows how to apply the models within these classes by using case studies of actual firms, and also explains the purpose of each model, its pros and cons, the steps involved in applying it, and the types of firms to which it is most suited. Annotation c. Book News, Inc., Portland, OR (booknews.com)
Read More Show Less

Product Details

  • ISBN-13: 9780471751212
  • Publisher: Wiley
  • Publication date: 8/4/2006
  • Series: Wiley Finance Series , #324
  • Edition description: Revised Edition
  • Edition number: 2
  • Pages: 696
  • Sales rank: 509,091
  • Product dimensions: 7.32 (w) x 10.06 (h) x 1.54 (d)

Meet the Author

ASWATH DAMODARAN is Professor of Finance at New York University's Leonard N. Stern School of Business. He has been the recipient of numerous awards for outstanding teaching, including New York University's Distinguished Teaching Award. He has also been named one of the nation's top business school teachers by BusinessWeek. Damodaran conducts training courses in corporate finance and valuation at many leading investment banks. He is the author of numerous leading finance books, including the first edition of Damodaran on Valuation, Investment Valuation, Corporate Finance, Investment Management, Investment Philosophies, and Applied Corporate Finance, all published by Wiley.
Read More Show Less

Table of Contents

Preface.

Chapter 1: Introduction to Valuation.

Introduction to Chapters 2-6: Discounted Cashflow Valuation.

Chapter 2: Estimating Discount Rates.

Chapter 3: Measuring Cash Flows.

Chapter 4: Forecasting Cash Flows.

Chapter 5: Equity Discounted Cash Flow Models.

Chapter 6: Firm Valuation Models.

Introduction to Chapters 7-9: Relative Valuation.

Chapter 7: Relative Valuation: First Principles.

Chapter 8: Equity Multiples.

Chapter 9: Value Multiples.

Introduction to Chapters 10-17: Loose Ends in Valuation.

Chapter 10: Cash, Cross Holdings and Other Assets.

Chapter 11: Employee Equity Options and Compensation.

Chapter 12: The Value of Intangibles.

Chapter 13: The Value of Control.

Chapter 14: The Value of Liquidity.

Chapter 15: The Value of Synergy.

Chapter 16: The Value of Transparency.

Chapter 17: The Cost of Distress.

Chapter 18: Closing Thoughts.

Index.

Read More Show Less

Customer Reviews

Be the first to write a review
( 0 )
Rating Distribution

5 Star

(0)

4 Star

(0)

3 Star

(0)

2 Star

(0)

1 Star

(0)

Your Rating:

Your Name: Create a Pen Name or

Barnes & Noble.com Review Rules

Our reader reviews allow you to share your comments on titles you liked, or didn't, with others. By submitting an online review, you are representing to Barnes & Noble.com that all information contained in your review is original and accurate in all respects, and that the submission of such content by you and the posting of such content by Barnes & Noble.com does not and will not violate the rights of any third party. Please follow the rules below to help ensure that your review can be posted.

Reviews by Our Customers Under the Age of 13

We highly value and respect everyone's opinion concerning the titles we offer. However, we cannot allow persons under the age of 13 to have accounts at BN.com or to post customer reviews. Please see our Terms of Use for more details.

What to exclude from your review:

Please do not write about reviews, commentary, or information posted on the product page. If you see any errors in the information on the product page, please send us an email.

Reviews should not contain any of the following:

  • - HTML tags, profanity, obscenities, vulgarities, or comments that defame anyone
  • - Time-sensitive information such as tour dates, signings, lectures, etc.
  • - Single-word reviews. Other people will read your review to discover why you liked or didn't like the title. Be descriptive.
  • - Comments focusing on the author or that may ruin the ending for others
  • - Phone numbers, addresses, URLs
  • - Pricing and availability information or alternative ordering information
  • - Advertisements or commercial solicitation

Reminder:

  • - By submitting a review, you grant to Barnes & Noble.com and its sublicensees the royalty-free, perpetual, irrevocable right and license to use the review in accordance with the Barnes & Noble.com Terms of Use.
  • - Barnes & Noble.com reserves the right not to post any review -- particularly those that do not follow the terms and conditions of these Rules. Barnes & Noble.com also reserves the right to remove any review at any time without notice.
  • - See Terms of Use for other conditions and disclaimers.
Search for Products You'd Like to Recommend

Recommend other products that relate to your review. Just search for them below and share!

Create a Pen Name

Your Pen Name is your unique identity on BN.com. It will appear on the reviews you write and other website activities. Your Pen Name cannot be edited, changed or deleted once submitted.

 
Your Pen Name can be any combination of alphanumeric characters (plus - and _), and must be at least two characters long.

Continue Anonymously
Sort by: Showing 1 Customer Reviews
  • Posted March 4, 2010

    I Also Recommend:

    Too Theoretical

    The book is tailored totally for the academic market, which often ignores the reality on Wall Street. The wirter is a professor and it shows.

    Was this review helpful? Yes  No   Report this review
Sort by: Showing 1 Customer Reviews

If you find inappropriate content, please report it to Barnes & Noble
Why is this product inappropriate?
Comments (optional)