Investment Valuation: Tools and Techniques for Determining the Value of Any Asset: 666 (Wiley Finance) - Hardcover

Damodaran, Aswath

Hardcover

ISBN 10: 111801152X ISBN 13: 9781118011522

Publisher: Wiley, 2012

Synopsis

The definitive source of information on all topics related to investment valuation tools and techniques Valuation is at the heart of any investment decision, whether that decision is buy, sell or hold. But the pricing of many assets has become a more complex task in modern markets, especially after the recent financial crisis. In order to be successful at this endeavor, you must have a firm understanding of the proper valuation techniques. One valuation book stands out as withstanding the test of time among investors and students of financial markets, Aswath Damodaran'sInvestment Valuation. Now completely revised and updated to reflect changing market conditions, this third edition comprehensively introduces investment professionals and students to the range of valuation models available and how to chose the right model for any given asset valuation scenario. This edition includes valuation techniques for a whole host of real options, start-up firms, unconventional assets, distressed companies and private equity, and real estate. All examples have been updated and new material has been added. * Fully revised to incorporate valuation lessons learned from the last five years, from the market crisis and emerging markets to new types of equity investments * Includes valuation practices across the life cycle of companies and emphasizes value enhancement measures, such as EVA and CFROI * Contains a new chapter on probabilistic valuation techniques such as decision trees and Monte Carlo Simulation * Author Aswath Damodaran is regarded as one of the best educators and thinkers on the topic of investment valuation This indispensable guide is a must read for anyone wishing to gain a better understanding of investment valuation and its methods. With it, you can take the insights and advice of a recognized authority on the valuation process and immediately put them to work for you.

About this title

Review:

"Aswath Damodaran's work is always worth reading.... For investors and students of the financial markets who want to embark on serious fundamental analysis, it is critical to understand how to go about valuing stocks and other instruments. There is no short cut.... Damodaran's Investment Valuation explains the hard work part." (Seeking Alpha, May 2012)

From the Back Cover:

Valuation is at the heart of any investment decision, whether that decision is buy, sell, or hold. But the pricing of many assets has become a more complex task in modern markets, especially after the recent financial crisis. In order to be successful at this endeavor, you must have a firm understanding of the proper valuation techniques. One valuation book stands out as withstanding the test of time among investors and students of financial markets--Aswath Damodaran's Investment Valuation.

Now completely revised to reflect today's dynamic market conditions, this Third Edition comprehensively introduces investment professionals and students to the wide range of valuation models currently available and reveals how to choose the right model for any given asset valuation scenario. It also skillfully outlines essential valuation tools and techniques for determining the value of any asset--including the valuation of stocks, bonds, options, futures, and real assets--and contains refreshed examples and updated case studies.

With this reliable resource as your guide, you'll gain important insights on:

• The valuation lessons learned from the recent market crisis

• Valuing emerging market companies

• Probabilistic approaches in valuation, such as scenario analysis, decision trees, and simulations

• Using real option theory and option pricing models in valuing business and equity

• Applying valuation techniques to everything from start-up and financial services firms to real estate and unconventional assets

• And much more

A perfect guide for those who need to know more about the tricky business of valuation, Investment Valuation, Third Edition will be an essential asset to anyone learning about this critical part of the investment process.

About this edition

• Publisher: Wiley
• Publication date: 2012
• ISBN 10: 111801152X
• ISBN 13: 9781118011522
• Binding: Hardcover
• Edition number: 3
• Number of pages: 992