PRAISE FOR THE LITTLE BOOK OF VALUATION
“There is nothing ‘little’ about Damodaran’s The Little Book of Valuation. The whole gamut of ideas that form the basis for all business valuations—covered in his many multi-hundred page classics—are all here, with the same rigor, clarity, pointedness, and wit.”
—PROFESSOR ANANT K. SUNDARAM, Tuck School of Business, Dartmouth College
“The Little Book of Valuation is a great book that I will recommend to my students and friends. This book is an impressive synthesis of sound theory and best practice. It is completely accessible to the novice. It is also an important addition to the professional library of the finance specialist. Acquire it without hesitation.”
—PABLO FERNÁNDEZ, Professor of Finance, IESE Business School, Spain
“Damodaran’s fast read book offers valuable insights for both institutional and sophisticated individual investors. Within the confines of ‘intrinsic’ (income approach) and ‘relative’ (market approach) analysis, he identifies the ‘value drivers’ in several broad categories of stocks and the most important factors to look for, and how to treat them in valuation for each category.”
—SHANNON PRATT, Chairman and CEO, Shannon Pratt Valuations
Guide to making accurate business valuations based on investing metrics that matter
In The Little Book of Valuation: How to Value a Company, Pick a Stock, and Profit, professor and economist Aswath Damodaran guides readers through the fundamentals and step-by-step process of picking winning companies to invest in. In the book, you'll learn how to make your own accurate valuation assessments, avoiding common pitfalls and mistakes along the way.
From widespread misunderstandings to undeniable truths in valuation, the author covers exactly where to turn your attention to when assessing a company's value based on a myriad of factors, with stories and real examples included throughout to prepare you for any modern investing challenge you may find yourself facing. You'll also learn:
Simple but extremely effective valuation tools and formulas for success The complex relationship between assets, debt, equity, and business value Special market considerations regarding valuation that require a dynamic approachRather than relying on third-party sources—often drawing from the same public information that you have access to, but getting it wrong—The Little Book of Valuation, Updated Edition gives readers all the insight and practical tools they need to cut through the noise and arrive at their own accurate valuations, pick profitable stocks, and establish successful long-term portfolios.