Valuation: Measuring and Managing the Value of Companies

By Allen C. Bowling, Thomas M. Stewart, Allen C. Bowling MD PhD

Book Overview

Hailed by financial professionals worldwide as the single best guide of its kind, Valuation , Fourth Edition is thoroughly revised and expanded to reflect business conditions in today's volatile global economy. Valuation provides up-to-date insights and practical advice on how to create, manage, and measure an organization's value. Along with all-new case studies that illustrate how valuation techniques and principles are applied in real-world situations, this comprehensive guide has been updated to reflect the events of the Internet bubble and its effect on stock markets, new developments in academic finance, changes in accounting rules (both U. S. and IFRS), and an enhanced global perspective. This edition contains the solid framework that managers at all levels, investors, and students have come to trust.

• Format: Hardcover
• Language: English
• ISBN: 0471702188
• ISBN13: 9780471702184
• Release Date: June 2005
• Publisher: John Wiley & Sons
• Length: 639 Pages
• Weight: 3.30 lbs.
• Dimensions: 1.6" x 7.2" x 10.2"

Customer Reviews

What do you expect from McKinsey?

My only complaint is that I did not buy this book earlier. I really found the content excellent and laid out in a helpful style, with plenty of illustrations so I could test my understanding of the words. Some of the more complex formulae (especially towards the end) lost me, but that was not a fault of the authors ~ more the reader. For any but the most experienced, this seems to be the best book on Valuation I have read,...

Valuation (McKinsey - 4th Edition)

This book is awesome. It offers incredibly comprehensive and insightful methods for rearranging financial statements into key drivers of firm value. It also teaches you how to apply those drivers to create a forecast for the future. Individual chapters are dedicated to the more complex concepts. This is a great resource for an aspiring or practicing analyst.

Valuation bible!

Have used the book for years and this may be the best update yet. The case studies alone are simply fascinating. The global nature make it invaluable for everyone in business anywhere. New discussions on return on capital and growth are must-read.

This IS the bible of valuation

The ultimate, common sense, technical "how to" manual on valuation. This book embodies the entire McKinsey institutional knowledge on valuation (I know - I used to work there).However, a significant note of caution! In the immortal words of Chuang Tzu " Nobody ever became a great horseman by talking about horses". If it were as simple as following the recipe book, would McKinsey have published their state secrets? Good valuation...

An excellent overview of the subject

This book has been hailed as a classic by many professionals, and it is easy to see why: It is well-organized, and it provides excellent examples and case studies. Another reader commented that those who want an introduction to this topic is "wasting their time and money." I believe otherwise. If you have a strong interest in the subject, this book will prove very usable. I was surprised that this book was not very math-intensive...