Corporate Valuation A Guide for Managers and Investors by Phillip R. Daves, Michael C. Ehrhardt, Ron Shrieves


Corporate Valuation A Guide for Managers and Investors by Phillip R. Daves, Michael C. Ehrhardt, Ron Shrieves

This book has two significant advantages relative to other books and software on the topic of valuation. First, the expository approach of the authors is very user-friendly, with a pedagogy designed to build confidence. They begin with a very simple, but complete example in the first couple of chapters that takes the reader through the valuation of a company. They repeat the analysis for a slightly more complicated company in chapters 3-4. A repeat of the analysis is then completed in chapters 5-8 for an even more complicated company. This iterative approach allows the reader to absorb digestible amounts of material before moving on to the next level of complication. The second pedagogic advantage is the structure of their spreadsheet valuation model. They show the reader how to get real world data, and how to cut-and-paste it into their spreadsheet. The spreadsheet simplifies the complex accounting found in most actual companies' financial statements and condenses it into a simplified set of standardized financial statements. This allows the user to concentrate on the fundamental economic forces that underlie a company's value.

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Book Info


320 pages


Phillip R. Daves, Michael C. Ehrhardt, Ron Shrieves
More books by Phillip R. Daves, Michael C. Ehrhardt, Ron Shrieves


Publication date

6th November 2003



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