Valuation: Measuring and Managing the Value of Companies (Wiley Finance)

The 6th edition is still an excellent valuation textbook. I've read every edition since the third, and I think Koller et al. doed a good job describing and explaining the valuation process from a fundamentally sound perspective. Many valuation textbooks out there are filled with practitioner rules of thumbs or techniques that are imprecise (maybe even flawed) from an economic standpoint. As such, I think this should be one of the first books anyone interested in valuation should read. That way, you stand a chance of not forming bad habits. In addition, although the main valuation techniques are very similar to what was presented in earlier editions of the book, the 6th edition has updated discussions and data through 2013/2014. I find these discussions insightful and help others realize that valuation is not a mechanical exercise and that the economics behind the calculations is the key driver of the process.

A lot of general investing books will provide an overview or a particular investors take on valuation approaches or will give a general one liner. You might read something like "start by valuing companies you are familiar with" but then you are never provided the step by step tools to begin that valuation. This book not only clearly states the various methods of valuing companies, but provides a step by step process on how to do so.

Good book. It came in a good shape.

At first, The description said defense model and online contents but they were not included with this book when I purchased it. But then I contacted Amazon and Wiley and they more than made up for it. Now, about the book, as always, more recent examples and analysis included. Great read. I think all of Wiley books deliver great value.

This is one of the best, most comprehensive books on valuation. If you're looking for a good amount of detail on some of the advanced topics this is a must have! It has a good balance of theory and application.

Very well written investment book. The content is very valuable for any investor and managers as well. You’ll learn to even Appraissal a business.

It's my first time learning about valuation and I am really enjoying this book. Great explanations on the core concepts and the logic behind their method. I definitely recommend!

This book added a lot of insights to me! I would recommend it for college students, professionals, and corporate executives.

Fine piece of work on Valuation. Treats the nitty gritty of equity valuation, assessing company performance etc.

Los ejemplos son muy claros y los análisis muy completos, cubre todos los temas de valuación

Good approach to valuation and ROIC analysis. Nevertheless, this read on the Kindle is not optimal due to the large number of tables and graphs which make it burdensome to follow. On the other hand, the iPad App does a good job presenting all the information and makes it easy to follow.

masterpiece

この水準の本をしっかりと和訳できる人材はいない、と言われたため原書でチャレンジ。辞書を引きながら読んでいるが、英語がわからない方が、和訳された日本語の意味がよくわからないよりもマシだと痛感。原書でのチャレンジをお勧めする。