Valuation
Measuring and Managing the Value of Companies
- 975 pages
- English
- PDF
- Available on iOS & Android
About this book
The #1 best-selling guide to business valuation, newly updated and revised
Valuation: Measuring and Managing the Value of Companies has been the gold standard in measuring and managing company value for more than 30 years. Now in its eighth edition, this acclaimed volume continues to help corporate executives, bankers, students, and other financial professionals around the world gain a deep understanding of valuation as well as allow their companies to create and maximize economic value.
Called "the best practitioners' guide to valuation" by The Financial Times and "the most influential contemporary books about the world economy" by The Economist, the newly revised eighth McKinsey's long tradition of excellence. In the book, a team of veteran McKinsey & Company professionals walk you through the foundations of valuation, advanced topics like valuing high-growth companies and digital assets, and managerial topics such as corporate portfolio strategy and acquisitions. You'll also discover:
- Clear, accessible chapters with detailed guidance on the fundamental principles of value creation
- Best practices to apply valuation to business strategy questions and communicate with investors
- How to analyze and forecast performance, the cost of capital, and put it all together in a coherent valuation
McKinsey & Company has been helping businesses, governments, non-profit organizations and other institutions grow and thrive for almost 100 years. Valuation 's authors draw on that storied history to bring you the most relevant, accurate, intuitive, and practical guide to valuation on the market today.
Frequently asked questions
- Essential is ideal for learners and professionals who enjoy exploring a wide range of subjects. Access the Essential Library with 800,000+ trusted titles and best-sellers across business, personal growth, and the humanities. Includes unlimited reading time and Standard Read Aloud voice.
- Complete: Perfect for advanced learners and researchers needing full, unrestricted access. Unlock 1.4M+ books across hundreds of subjects, including academic and specialized titles. The Complete Plan also includes advanced features like Premium Read Aloud and Research Assistant.
Please note we cannot support devices running on iOS 13 and Android 7 or earlier. Learn more about using the app.
Information
Table of contents
- Cover
- Half Title
- Title Page
- Copyright
- Contents
- About the Authors
- Preface
- Acknowledgments
- Part One: Foundations of Value
- Part Two: Core Valuation Techniques
- Part Three: Advanced Valuation Techniques
- Part Four: Managing for Value
- Part Five: Special Situations
- Appendix A: Discounted Economic Profit Equals Discounted Free Cash Flow
- Appendix B: Derivation of Free Cash Flow, Weighted Average Cost of Capital, and Adjusted Present Value
- Appendix C: Levering and Unlevering the Cost of Equity
- Appendix D: Leverage and the Price-to-Earnings Multiple
- Appendix E: Other Capital Structure Issues
- Appendix F: Technical Issues in Estimating the Market Risk Premium
- Appendix G: Global, International, and Local CAPM
- Appendix H: Two-Stage Formula for Continuing Value
- Appendix I: A Valuation of Costco Wholesale
- Index
- EULA