Книга: Seth Bernstrom «Valuation»
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The market approach aims to establish the value of a company based on how similar firms are priced on the stock exchange or through company transactions. Using the market approach, price-related indicators such as price to earnings, sales and book values are utilised. An ever-present problem however, is that different valuation multiples and valuation methodologies tend to provide the analyst with contradictory outputs. The solution to this problem so far has been to claim that the market approach is more art than science, thus providing the analyst with the freedom to alter the multiples at their own discretion to reach a uniform value or range. Valuation: The Market Approach puts an end to this problem, providing the reader with a rational scientific-based understanding and the necessary tools to perform a sound market approach valuation, or if reviewing such valuations, provide the tools to challenge the work of the arts-based senior experts. The book begins with an in-depth review of the basics; which is then applied in a detailed worked example. Step-by-step, the reader’s expertise is built towards a complete understanding and implementation of the market approach, not only on a standalone basis but also in relation to the DCF methodology. The book is aimed at the seasoned professional, but will also be invaluable to students as they apply their academic knowledge to the real world of valuation and M&A. Издательство: "John Wiley&Sons, Inc"
ISBN: 978-0-470-42465-0 |
Другие книги автора:
| Книга | Описание | Год | Цена | Тип книги |
|---|---|---|---|---|
| Valuation. The Market Approach | The market approach aims to establish the value of a company based on how similar firms are priced on the stock exchange or through company transactions. Using the market approach, price-related… — John Wiley&Sons Limited (USD), электронная книга Подробнее... | электронная книга |
См. также в других словарях:
valuation — val·u·a·tion /ˌval yu̇ wā shən/ n 1: the act or process of valuing actuarial valuation of the assets and liabilities of a state pension fund; specif: appraisal of property valuation of marital property is a factual finding that will not be upset… … Law dictionary
Valuation — may refer to: *Valuation (finance), the determination of the economic value of an asset or liability *Valuation (ethics), the determination of the ethic or philosophic value of an object *Valuation (algebra) *Valuation (logic) *Valuation (measure … Wikipedia
Valuation — Val u*a tion, n. 1. The act of valuing, or of estimating value or worth; the act of setting a price; estimation; appraisement; as, a valuation of lands for the purpose of taxation. [1913 Webster] 2. Value set upon a thing; estimated value or… … The Collaborative International Dictionary of English
valuation — 1520s, from O.Fr. valuacion, noun of action from valuer (see VALUE (Cf. value)) … Etymology dictionary
valuation — ► NOUN ▪ an estimation of something s worth. DERIVATIVES valuate verb (chiefly N. Amer. ) … English terms dictionary
valuation — [val΄yo͞o ā′shən] n. [OFr valuacion] 1. the act of determining the value or price of anything; evaluation; appraisal 2. determined or estimated value or price on the market 3. estimation of the worth, merit, etc. of anything valuational adj.… … English World dictionary
