- 1,027 pages
- English
- PDF
- Available on iOS & Android
About this book
The #1 best-selling guide to business valuation, newly updated and revised
Valuation, University Edition, Eighth Edition: Measuring and Managing the Value of Companies is filled with the expert guidance from McKinsey & Company that students and professors have come to rely on for more than 30 years. Now in it's eighth edition, this volume continues to help professors and students around the world gain a deep understanding of valuation and help their companies create, manage, and maximize economic value for their shareholders.
Called "the best practitioners' guide to valuation" by The Financial Times and "one of 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:
- Questions at the end of each chapter for use in class discussions, assignments, and more with access to a curriculum and test bank
- 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
The University Edition contains end-of-chapter review questions to help students master key concepts from the book. Professors
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.
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Table of contents
- Cover
- Half Title Page
- 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