April 2018
Intermediate to advanced
800 pages
26h 27m
English
book
Dark Side of Valuation, The: Valuing Young, Distressed, and Complex Businesses, Third edition
by Aswath Damodaran
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4
Relative Valuation/Pricing
In discounted cash flow valuation, the objective is to find the value of an asset given its cash flow, growth, and risk characteristics. In relative valuation or pricing, the objective is to price an asset or investment based on how much investors are paying for similar assets or investments. Consequently, relative valuation has two components. The first is that to price assets on a relative basis, prices have to be standardized, usually by converting prices into multiples of some common variable. While this common variable varies across investments, it usually takes the form of earnings, book value, or revenues for publicly traded stocks. The second component is to find similar investments. This is difficult to do ...
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I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
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