or
Sign in to turn on 1-Click ordering.
 
 
Express Checkout with PayPhrase
What's this? | Create PayPhrase
Sorry!
More Buying Choices
64 used & new from $47.99

Have one to sell? Sell yours here
 
   
Damodaran on Valuation: Security Analysis for Investment and Corporate Finance (Wiley Finance)
 
 
Tell the Publisher!
I’d like to read this book on Kindle

Don’t have a Kindle? Get your Kindle here.
 
  

Damodaran on Valuation: Security Analysis for Investment and Corporate Finance (Wiley Finance) (Hardcover)

~ (Author)
Key Phrases: estimating discount rates, firm valuation models, measuring cash flows, United States, Journal of Financial Economics, Titan Cement (more...)
4.6 out of 5 stars  See all reviews (7 customer reviews)

List Price: $100.00
Price: $63.00 & this item ships for FREE with Super Saver Shipping. Details
You Save: $37.00 (37%)
o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o
In Stock.
Ships from and sold by Amazon.com. Gift-wrap available.

Want it delivered Friday, November 13? Choose One-Day Shipping at checkout. Details
44 new from $47.99 20 used from $48.00

Frequently Bought Together

Damodaran on Valuation: Security Analysis for Investment and Corporate Finance (Wiley Finance) + Investment Valuation: Tools and Techniques for Determining the Value of Any Asset, Second Edition + Valuation: Measuring and Managing the Value of Companies, Fourth Edition, University Edition
Price For All Three: $182.78

Show availability and shipping details


Customers Who Bought This Item Also Bought

The Dark Side of Valuation: Valuing Young, Distressed, and Complex Businesses (2nd Edition)

The Dark Side of Valuation: Valuing Young, Distressed, and Complex Businesses (2nd Edition)

by Aswath Damodaran
$40.94
Valuation: Measuring and Managing the Value of Companies, Fourth Edition, University Edition

Valuation: Measuring and Managing the Value of Companies, Fourth Edition, University Edition

by Tim Koller
4.1 out of 5 stars (25)  $59.93
Valuation Workbook: Step-by-Step Exercises and Tests to Help You Master Valuation (Wiley Finance)

Valuation Workbook: Step-by-Step Exercises and Tests to Help You Master Valuation (Wiley Finance)

by Tim Koller
4.8 out of 5 stars (6)  $26.37
Financial Modeling, 3rd Edition

Financial Modeling, 3rd Edition

by Simon Benninga
4.7 out of 5 stars (16)  $54.84
Investment Banking: Valuation, Leveraged Buyouts, and Mergers and Acquisitions (Wiley Finance)

Investment Banking: Valuation, Leveraged Buyouts, and Mergers and Acquisitions (Wiley Finance)

by Joshua Rosenbaum
4.8 out of 5 stars (20)  $50.40
Explore similar items

Editorial Reviews

Product Description

"Aswath Damodaran is simply the best valuation teacher around. If you are interested in the theory or practice of valuation, you should have Damodaran on Valuation on your bookshelf. You can bet that I do."
-- Michael J. Mauboussin, Chief Investment Strategist, Legg Mason Capital Management and author of More Than You Know: Finding Financial Wisdom in Unconventional Places

In order to be a successful CEO, corporate strategist, or analyst, understanding the valuation process is a necessity. The second edition of Damodaran on Valuation stands out as the most reliable book for answering many of todays critical valuation questions. Completely revised and updated, this edition is the ideal book on valuation for CEOs and corporate strategists. You'll gain an understanding of the vitality of todays valuation models and develop the acumen needed for the most complex and subtle valuation scenarios you will face.



From the Inside Flap

The ability to value any asset is an essential skill in a wide variety of professional environments, from corporate finance to portfolio management to strategy. And while the reasons for doing valuation are as wide-ranging and varied as business itself, the fundamental precepts underlying valuation are surprisingly similar in both form and function.

Damodaran on Valuation, Second Edition provides you with today's most straightforward and comprehensive examination of the approaches and models necessary for performing valuations. Written by renowned teacher, author, and valuation authority Aswath Damodaran, and fully revised and updated from its top-selling first edition—which has become the essential reference for any professional needing accurate and reliable valuation information—this invaluable book now provides you with:

  • In-depth coverage of different distinct valuation approaches and key models within each
  • Techniques for accurately assessing the effect on value of employee stock options and other equity-based compensation
  • Methodologies for using valuation models to value intangible assets—patents, copyrights, trademarks, licenses, brand names, and more
  • Sound strategies for identifying and measuring the value of control in any business and why the expected value of control plays a role in many different valuation contexts
  • Discussion of how liquidity—or, more accurately, illiquidity—affects value, along with ways to measure this impact on value
  • Potential sources of the ever-elusive "synergy" when combining two entities, how best to value each type of synergy, and an examination of why firms so often overpay for synergy
  • Techniques for measuring the costs of accounting opacity and business complexity, and accurately discounting the value of complex firms to promote transparency at every level
  • A commonsense framework you can use to sift through numerous possible valuation models to determine the best model for your valuation task

For more than a decade, Damodaran on Valuation has been the standard valuation reference for professionals in virtually everyfield. Business realities have changed dramatically over that time, but the principles underlying valuation have not. Let this comprehensively revised and updated edition give you the knowledge and tools you need to address today's increasingly complex—and uncompromising—corporate and investment valuation environment.


Product Details

  • Hardcover: 696 pages
  • Publisher: Wiley; 2 edition (August 4, 2006)
  • Language: English
  • ISBN-10: 0471751219
  • ISBN-13: 978-0471751212
  • Product Dimensions: 9.8 x 7.3 x 1.6 inches
  • Shipping Weight: 2.9 pounds (View shipping rates and policies)
  • Average Customer Review: 4.6 out of 5 stars  See all reviews (7 customer reviews)
  • Amazon.com Sales Rank: #56,687 in Books (See Bestsellers in Books)

    Popular in these categories: (What's this?)

    #6 in  Books > Business & Investing > Management & Leadership > Pricing
    #68 in  Books > Business & Investing > Finance > Corporate Finance

More About the Author

Aswath Damodaran
Discover books, learn about writers, read author blogs, and more.

Visit Amazon's Aswath Damodaran Page

Inside This Book (learn more)

What Do Customers Ultimately Buy After Viewing This Item?


Tags Customers Associate with This Product

 (What's this?)
Click on a tag to find related items, discussions, and people.
 

Your tags: Add your first tag
 

Sell a Digital Version of This Book in the Kindle Store

If you are a publisher or author and hold the digital rights to a book, you can sell a digital version of it in our Kindle Store. Learn more

 

Customer Reviews

7 Reviews
5 star:
 (6)
4 star:    (0)
3 star:    (0)
2 star:
 (1)
1 star:    (0)
 
 
 
 
 
Average Customer Review
4.6 out of 5 stars (7 customer reviews)
 
 
 
 
Share your thoughts with other customers:
Most Helpful Customer Reviews

 
5 of 6 people found the following review helpful:
2.0 out of 5 stars academic, useful, March 15, 2009
I work for one of the largest banks in the US, and we use this book as a reference when we need to dig into the more arcane details of a project, particularly with regard to publicly-held interests. If you do a lot of valuation work, this is a recommended text, but it is tome-like and laborious to use, and I've found much of the advice it contains is very ivory-tower and not-so-practical in real world situations, having been written by a theorist rather than a dealmaker. If you are studying valuation theory, or do a lot of work on publicly-held companies, you'll definitely want this textbook, though over time, for privately-held situations, it might not be the one you reach for everyday. To accompany it, I would suggest buying Horn's "Unlocking the Value of a Business" for everyday use, which is a more concise and user-friendly manual on privately-held company valuation, with a more lighthearted, less-academic tone, and Horn's credentials as an acquisitions dealmaker yield advice that is decidedly more practical.
Comment Comment (1) | Permalink | Was this review helpful to you? Yes No (Report this)



 
5.0 out of 5 stars Thoroughly covers most aspects of equity valuation, May 22, 2009
By jelarv "jelv" (Riverside, CT USA) - See all my reviews
I saw the author speak at a conference which prompted me to buy the book. His presentation and book nicely merge theory with practice -- too many valuation books are academic and don't deal with the real-life problems. He seems to anticipate the types of real-life challenges you'll get and then tells you how to handle them (about half the book addresses these "loose ends" that aren't always covered in more basic valuation material). I especially like that he's embraced valuation methods beyond DCF (such as P/E and P/B) because purists tend to dismiss these other methods as too crude for serious consideration(in his book he acknowledges that only 10% of Wall Street valuations are done with DCF). His web site is great for practitioners because you can download the raw numbers for thousands of companies and do the valuation steps he highlights in the book.
Comment Comment | Permalink | Was this review helpful to you? Yes No (Report this)



 
0 of 2 people found the following review helpful:
5.0 out of 5 stars Amazing book , December 12, 2008
This is an amazing book for those who want to know everything about valuation.It has all concepts and real examples. Highly recommended.
Comment Comment | Permalink | Was this review helpful to you? Yes No (Report this)


Share your thoughts with other customers: Create your own review
 
 
 
Most Recent Customer Reviews

5.0 out of 5 stars A Must Have Text
Damodaran on Valuation is the best tutor on valuation short of sitting in his actual class. Anyone that practices valuation on a regular basis needs to have this book on the... Read more
Published 13 months ago by Seth Elliott

5.0 out of 5 stars the best book regarding vauation's methods
This is the best book which I have in this field. For me this is an Encyclopedia of fundamental analysis
Something what I can recommend
Published 13 months ago by T. Gorski

5.0 out of 5 stars Very good and very useful book
Very useful book for every Investment analyst.
Special credits to Amazon for their perfect shipping - 10 days from order to delivery in BG with standard shipping option!!!
Published on September 2, 2007 by B. Belchev

5.0 out of 5 stars The best valuation book there is
This book is for individuals that are serious about valuation. Professor Damodaran provides a clear framework regarding key issues that need to be addressed during company... Read more
Published on May 19, 2007 by Pedro I. Zuloaga

Only search this product's reviews



Customer Discussions

This product's forum
Discussion Replies Latest Post
No discussions yet

Ask questions, Share opinions, Gain insight
Start a new discussion
Topic:
First post:
Prompts for sign-in
 


Active discussions in related forums
Search Customer Discussions
Search all Amazon discussions
   



So You'd Like to...

Create a guide

Product Information from the Amapedia Community

Beta (What's this?)


Look for Similar Items by Category


Look for Similar Items by Subject

 

Feedback

If you need help or have a question for Customer Service, contact us.
 Would you like to update product info or give feedback on images?
Is there any other feedback you would like to provide?

Your comments can help make our site better for everyone.


Your Recent History

 (What's this?)

After viewing product detail pages or search results, look here to find an easy way to navigate back to pages you are interested in.