Investment Valuation: Tools and Techniques for Determining the Value of Any Asset, 3rd Edition

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.