Investment Valuation - (Wiley Finance) 4th Edition by Aswath Damodaran (Hardcover)

About the Book

"Investment Valuation by Aswath Damodaran is an essential guide for understanding valuation techniques amid evolving market conditions. This updated third edition covers a wide range of valuation models, including real options, start-ups, distressed companies, and private equity. It incorporates recent lessons from market crises and emerging trends, with new content on probabilistic techniques like decision trees and Monte Carlo Simulation. Damodaran, a leading authority on investment valuation, provides valuable insights for professionals and students alike, making this book a key resource for mastering valuation methods"--

Book Synopsis

Updated edition of the definitive guide to investment valuation tools and techniques

Investment Valuation: Tools and Techniques for Determining the Value of Any Asset delves into valuation techniques for a variety of different asset classes, including real options, start-up firms, unconventional assets, distressed companies and private equity, real estate, and many more, and explains how to choose the right model for any given asset valuation scenario. The models are presented with real-world examples so as to capture some of the problems inherent in applying these models, with discussion of differences and common elements between the models to provide readers with a holistic understanding of the subject matter.

Written by a professor of finance who is widely regarded as one of the best educators and thinkers on the topic of investment valuation, this newly revised and updated Fourth Edition explores topics including:

• Understanding financial statements, the basics of risk, and tests and evidence for market efficiency
• Estimating risk parameters and costs of financing, terminal value, and equity value per share
• Using scenario analysis, decision trees, and simulations for probabilistic approaches in valuation

Investment Valuation: Tools and Techniques for Determining the Value of Any Asset is an essential resource for all investors and students of financial markets seeking an all-in-one guide to expand their valuation knowledge and make better investment decisions.

From the Back Cover

THE LATEST EDITION OF THE GOLD STANDARD IN VALUATION TEXTS FROM "THE DEAN OF VALUATION"

Investment Valuation: Tools and Techniques for Determining the Value of Any Asset, Fourth Edition, is the definitive and most up-to-date valuation resource for finance professionals and students seeking to price virtually any fungible asset. Award-winning NYU Professor of Finance, Aswath Damodaran, explains the fundamentals of this nuanced subject before diving deep into more advanced applications, including the valuation of start-up firms, options, cryptocurrencies and other digital assets, real estate, private companies, and more.

The book explains the wide array of valuation models and frameworks available to you and how to choose the most suitable one for your particular use case. You'll learn to understand--and implement--the latest evidence-based methods for determining the value of an asset using real-world examples, case studies, and tables filled with data from contemporary companies in a variety of industries and regions.

Investment Valuation is an essential resource for business and finance professionals seeking a solid understanding of one of the most complex and critical subjects in commerce. It's perfect for analysts, traders, investors, bankers, entrepreneurs, businesspeople, finance executives, and anyone else who needs to understand what an asset--any asset--is worth.

About the Author

ASWATH DAMODARAN is Professor of Finance at New York University's Leonard N. Stern School of Business. He teaches corporate finance and valuation at leading investment banks. He has been the recipient of numerous awards for outstanding teaching, including the NYU Distinguished Teaching Award, and was named one of the nation's top business school teachers by BusinessWeek. His publications include Damodaran on Valuation, Applied Corporate Finance, The Little Book of Valuation, Investment Philosophies, and The Dark Side of Valuation.