high quality Valuation: Measuring and popular Managing the Value of Companies (Wiley high quality Finance) outlet online sale

high quality Valuation: Measuring and popular Managing the Value of Companies (Wiley high quality Finance) outlet online sale

high quality Valuation: Measuring and popular Managing the Value of Companies (Wiley high quality Finance) outlet online sale

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McKinsey & Company''s #1 best-selling guide to corporate valuation―the fully updated seventh edition

Valuation has been the foremost resource for measuring company value for nearly three decades. Now in its seventh edition, this acclaimed volume continues to help financial professionals around the world gain a deep understanding of valuation and help their companies create, manage, and maximize economic value for their shareholders.

This latest edition has been carefully revised and updated throughout, and includes new insights on topics such as digital, ESG (environmental, social and governance), and long-term investing, as well as fresh case studies.  

Clear, accessible chapters cover the fundamental principles of value creation, analyzing and forecasting performance, capital structure and dividends, valuing high-growth companies, and much more. The Financial Times calls the book “one of the practitioners’ best guides to valuation.” 

This book: 

  • Provides complete, detailed guidance on every crucial aspect of corporate valuation
  • Explains the strategies, techniques, and nuances of valuation every manager needs to know
  • Covers both core and advanced valuation techniques and management strategies
  • Features/Includes a companion website that covers key issues in valuation, including videos, discussions of trending topics, and real-world valuation examples from the capital markets

For over 90 years, McKinsey & Company has helped corporations and organizations make substantial and lasting improvements in their performance. Through seven editions and 30 years, Valuation: Measuring and Managing the Value of Companies, has served as the definitive reference for finance professionals, including investment bankers, financial analysts, CFOs and corporate managers, venture capitalists, and students and instructors in all areas of finance.

From the Inside Flap

McKinsey & Company''s #1 bestselling guide to corporate valuation, now in its Seventh Edition

The revised Seventh Edition of Valuation offers detailed, step-by-step explanations of how to easily and effectively measure and manage the value of companies. This book contains proven valuation frameworks that have been used successfully in McKinsey & Company''s consulting work, including illustrative case studies that put the spotlight on practical judgments involved in developing and using valuations.

PRAISE FOR VALUATION

"The book''s clarity and comprehensive coverage make it one of the best practitioners'' guides to valuation."
—Financial Times

"Valuation . . . is a reminder of why shareholder value is still the most powerful idea in business and why many criticisms thrown at it are unfair."
—The Economist

"A ''how to'' guide for corporate executives who want to get at the unrealized shareholder values trapped in public companies."
—The New York Times

"Cuts through the clutter and confusion to focus executives on what really drives value creation."
—Fernando Tennenbaum, CFO, AB InBev

"Clearly articulates both the principles and practical applications of creating value."
—John Graham, D. Richard Mead Professor of Finance, Fuqua School of Business, Duke University

"The best valuation book just got better. It is required reading for all executives."
—Benjamin C. Esty, Roy and Elizabeth Simmons Professor of Business Administration, Harvard Business School

"The bible in its field. Anyone wanting to understand what drives corporate value should read this latest edition."
—Dr. Raymond Breu, retired CFO, Novartis AG

From the Back Cover

Valuation has become the resource that financial professionals rely on for measuring, managing, and maximizing shareholder value. Now in its updated Seventh Edition, this essential resource provides information for the practical application of finance to solve real-world business problems for a variety of industries and regions. This updated edition reflects the economic events of the past decade, new developments in academic finance, and the authors'' latest research and experiences.

Comprehensive in scope, Valuation reviews the foundations of value, explores core and advanced valuation techniques, clarifies how to manage value, and offers solutions for special situations. The authors explain how to develop a business portfolio strategy based on which business units a corporate parent is best positioned to own and which might perform better under someone else''s ownership. They also reveal how to assess major transactions such as acquisitions, divestitures, and restructurings. In addition, Valuation gives professionals an understanding of how to design a capital structure that supports a company''s strategy with a reasonable level of risk.

This thoroughly revised and updated Seventh Edition provides insights on improving planning and resource allocation, including for digital, for environmental, social, and governance, and for long-term investing. It also includes a collection of fresh case studies.

Valuation plays a pivotal role for both long- and short-term strategy. For more than 30 years, analysts and managers have turned to Valuation as a reference guide, helping to answer questions about challenging situations. This updated edition continues Valuation''s reputation for offering the quality solutions you need right now.

About the Author

TIM KOLLER is a partner in McKinsey''s Stamford, Connecticut office, where he leads a global team of corporate-finance expert consultants. Tim has served clients globally on corporate strategy and capital markets, mergers and acquisitions transactions, and strategic planning and resource allocation.

MARC GOEDHART is a senior expert in McKinsey''s Amsterdam office and endowed professor of corporate valuation at Rotterdam School of Management, Erasmus University (RSM).

DAVID WESSELS is an adjunct professor of finance at the Wharton School of the University of Pennsylvania. He was named by Bloomberg Businessweek as one of America''s top business school instructors.

MCKINSEY & COMPANY is a global management-consulting firm that serves leading global organizations across a wide range of industries and functions, helping them create change that matters.

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Customer reviews

4.7 out of 54.7 out of 5
250 global ratings

Top reviews from the United States

CMH
1.0 out of 5 starsVerified Purchase
Defective
Reviewed in the United States on January 9, 2021
The book was printed backward. Chapter one is in the back of the book, and the tables are in the front. You have to read the book from the last page to the first. Pretty spendy book for the inconvenience.
6 people found this helpful
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J English
5.0 out of 5 starsVerified Purchase
Highly recommend
Reviewed in the United States on April 17, 2021
This is the premier book on valuation for investors, managers and board members. A thorough presentation of DCF applications in context of various companies and markets. Not a quick read but each example contains a ton of scenarios that show the effects of the theory... See more
This is the premier book on valuation for investors, managers and board members. A thorough presentation of DCF applications in context of various companies and markets. Not a quick read but each example contains a ton of scenarios that show the effects of the theory presented making the analysis come to life. Excellent book!!!
2 people found this helpful
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Amazon Customer
1.0 out of 5 starsVerified Purchase
Great book, Amazon sending lemon printing
Reviewed in the United States on December 6, 2020
Great book, printing Amazon is sending broken batch. Bought twice and both had torn cover to back page. Kept second copy, tired for returning
4 people found this helpful
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Don M. Levin
4.0 out of 5 starsVerified Purchase
Not for a casual reader
Reviewed in the United States on September 29, 2021
I wanted a book that explains how to value stocks. I didn’t want a book that glosses over how it’s done. Perhaps it didn’t need over 800 pages, and there’s repetition. Readers like me who’ve never had a finance class may have to read it slowly. Occasionally values in... See more
I wanted a book that explains how to value stocks. I didn’t want a book that glosses over how it’s done. Perhaps it didn’t need over 800 pages, and there’s repetition. Readers like me who’ve never had a finance class may have to read it slowly. Occasionally values in tables appear without explaining formulas used. The formulas and rigor increases with each new chapter. The biggest drawback is offering for sale an expensive spreadsheet sold separately rather than included. I’ll try making my own after reading the whole book.
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coycruz
1.0 out of 5 starsVerified Purchase
Wrong page-turning orientation
Reviewed in the United States on February 17, 2021
My first time to order a book didn’t turn out to be a nice experience since the seller sent a defective copy - i.e. the page-turning orientation is from right to left.
4 people found this helpful
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Logysma srl
5.0 out of 5 starsVerified Purchase
Easy understanding of DCF valuation
Reviewed in the United States on March 31, 2021
It’s an operative book mainly focused on Discounted Cash Flow valuation. Various economic sectors are reported for a comprehensive visioning of different aspects in valuation processing ( bank, insurance, industrial, etc) . Suggested for easy understanding of the subjects... See more
It’s an operative book mainly focused on Discounted Cash Flow valuation. Various economic sectors are reported for a comprehensive visioning of different aspects in valuation processing ( bank, insurance, industrial, etc) . Suggested for easy understanding of the subjects from ratios to performance indexes , CF from operation/investing/financing, growth concepts, etc. Worth the price. Hard cover
Exist also a version with possibility of accessing to excel spreadsheets.
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ML
1.0 out of 5 starsVerified Purchase
Poor Quality
Reviewed in the United States on June 6, 2021
Book was delivered with broken binding.
3 people found this helpful
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Khaled
5.0 out of 5 starsVerified Purchase
Excellent resource for managing value creation process and measure business progress.
Reviewed in the United States on October 13, 2020
Excellent book for describing value creation process and measure business progress.

Starting from 4th edition I am reading this excellent book and recommending it to my team and clients.

I recommend for general managers and CFO’s
One person found this helpful
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Top reviews from other countries

Cal
5.0 out of 5 starsVerified Purchase
Good balance of breadth/depth in Valuation
Reviewed in Canada on February 22, 2021
I''m giving it a 5 because it is a thorough resource and it''s not too difficult to follow. I like the language and approach in this book vs Damodarans, although I like studying his content too. I took business as my undergrad over 10 years ago, haven''t been studying anything...See more
I''m giving it a 5 because it is a thorough resource and it''s not too difficult to follow. I like the language and approach in this book vs Damodarans, although I like studying his content too. I took business as my undergrad over 10 years ago, haven''t been studying anything related since then. With that as my base, I''m able to understand and apply the content in this book with a moderate effort- there''s a lot of nuance and relating the terminology used from one source is often very different from the terminology in other sources. A lot of specifics are included, I''m mainly interested in the value of businesses for investment purposes. For that, this is quite comprehensive, it explains how mainly growth, return on invested capital and free cash flow drive the future success of an enterprise. Many methods are included to elaborate on these elements and how to use them to calculate a businesses value. I do wish the book was streamlined a bit better. I find myself flipping all throughout the book for content I''d expect to see more grouped in one area. Bottom line it is a solid book/resource on understanding and applying valuation principles to businesses.
I''m giving it a 5 because it is a thorough resource and it''s not too difficult to follow. I like the language and approach in this book vs Damodarans, although I like studying his content too.

I took business as my undergrad over 10 years ago, haven''t been studying anything related since then. With that as my base, I''m able to understand and apply the content in this book with a moderate effort- there''s a lot of nuance and relating the terminology used from one source is often very different from the terminology in other sources.

A lot of specifics are included, I''m mainly interested in the value of businesses for investment purposes. For that, this is quite comprehensive, it explains how mainly growth, return on invested capital and free cash flow drive the future success of an enterprise. Many methods are included to elaborate on these elements and how to use them to calculate a businesses value.

I do wish the book was streamlined a bit better. I find myself flipping all throughout the book for content I''d expect to see more grouped in one area.

Bottom line it is a solid book/resource on understanding and applying valuation principles to businesses.
2 people found this helpful
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Anonymous
2.0 out of 5 starsVerified Purchase
Low printing quality, but good book
Reviewed in Australia on July 6, 2021
Feels like the book is not an original copy. It is in black & white (I have the ebook to which is in colour), and pages are stuck together, etc. The actual book is good but printing quality is really low
Feels like the book is not an original copy. It is in black & white (I have the ebook to which is in colour), and pages are stuck together, etc.

The actual book is good but printing quality is really low
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Nicholas
5.0 out of 5 starsVerified Purchase
Buy this book
Reviewed in Canada on September 10, 2020
Really well written. Goes into deep detail on subtle nuances. Does not align perfectly with Damodaran, but gives an interesting perspective.
Really well written. Goes into deep detail on subtle nuances. Does not align perfectly with Damodaran, but gives an interesting perspective.
One person found this helpful
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Illescas
4.0 out of 5 starsVerified Purchase
Muy bueno
Reviewed in Mexico on October 30, 2020
Mucha teoría y ejemplos reales que ayudan a valuar empresas.
Mucha teoría y ejemplos reales que ayudan a valuar empresas.
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Eric
5.0 out of 5 starsVerified Purchase
very good
Reviewed in Canada on August 12, 2020
very good
very good
One person found this helpful
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