Description
Now Publishers Inc Valuation Approaches and Metrics A Survey of the Theory and Evidence by Aswath Damodaran
Valuation Approaches and Metrics focuses on the theory and practice of valuation of companies and stocks, providing an invaluable overview of the topic from both a practical and scholarly perspective. It reviews the finance literature on valuation and presents three approaches to valuation:_x000D__x000D_Discounted cash flow valuation relating the value of an asset to the present value of expected future cash flows on that asset._x000D_Liquidation and accounting valuation built around valuing the existing assets of a firm using accounting estimates of value or ""book value""._x000D_Relative valuation estimating the value of an asset by looking at the pricing of ""comparable"" assets relative to a common variable like earnings, cash flows, book value or sales._x000D__x000D__x000D__x000D_This book should be required reading for both finance practitioners and researchers._x000D_ Table of contents :- _x000D_
Introduction; Discounted cash Flow Valuation; Liquidation and Accounting Valuation; Relative Valuation; Directions for New Research; Conclusions; References_x000D_