Determining Value: Valuation Models and Financial Statements

This book is about the methods used to value companies. Valuation methods such as the price-earnings ratio, dividend yeild and EVA are found frequently in stockbrokers' reports and in the financial press. There has also been an explosion of interest in 'shareholder value' in recent years, with a corresponding need to understand how value is created and measured. Determining Value contains both the analytical review of valuation models and also evaluation of the data available for use in valuation models. This information is not at present available together in one textbook and has not been academically and critically evaluated.