Investment Valuation: Tools and Techniques for Determining the Value of any Asset, University Edition, 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. Now completely revised and updated to reflect changing market conditions, the Third University Edition of Investment Valuation provides expert instruction on how to value virtually any type of asset—stocks, bonds, options, futures, real assets, and much more.

Written by noted valuation authority—and acclaimed New York University Stern Business School Professor—Aswath Damodaran, this reliable resource uses real-world examples and the most current valuation tools to guide you through the theory and application of various valuation models. Along the way, it provides comprehensive coverage of:

• The valuation lessons learned from the recent market crisis

• Using real option theory and option pricing models in valuing business and equity

• Valuation of unconventional assets, financial service firms, start-ups, emerging market companies, and many other traditionally valued assets

• Probabilistic approaches in valuation, such as scenario analysis, decision trees, and simulations

• How to choose the right model for any given asset valuation scenario

A perfect guide for those who need to know more about the tricky business of valuation, the Third University Edition of Investment Valuation—which includes an instructor's companion site—will be an essential asset to anyone learning about this critical part of the investment process.