Investment Valuation

ASWATH DAMODARAN is Associate Professor of Finance at New York University's Leonard N. Stern School of Business. He has been the recipient of numerous awards for outstanding teaching, including the NYU university-wide Distinguished Teaching Award, and was recently named one of the nation's top business school teachers by BusinessWeek. In addition, Mr. Damodaran teaches training courses in corporate finance and valuation at Deutsche Bank, Swiss Bank, Credit Suisse, J.P. Morgan, and Smith Barney. His publications include Damodaran on Valuation: Security Analysis for Investment and Corporate Finance, also published by Wiley.

Approaches to Valuation; Risk and Return Theory; Estimation of Discount Rates; Understanding Financial Statements; Estimation of Cashflows; Estimation of Growth Rates; Market Efficiency Definition and Tests; Market Efficiency The Evidence; Dividend Discount Models; Free Cashflows to Equity Discount Models; Valuing a Firm The Free Cashflows to the Firm Approach; Special Cases in Discounted Cashflow Valuation; Price/Earnings Multiples; Price/Book Value Multiples; Price/Sales Multiples; Option Pricing Theory; Applications of Option Pricing Theory to Equity Valuation; The Determinants of Interest Rates; Special Features in Bonds; Valuing Futures Contracts; Valuing Real Estate; Valuing Other Assets; Overview and Conclusion; References; Index.