An accessible, and intuitive, guide to stock valuation Valuation is at the heart of any investment decision, whether that decision is to buy, sell, or hold. In The Little Book of Valuation, expert Aswath Damodaran explains the techniques in language that any investors can understand, so you can make better investment decisions when reviewing stock research reports and engaging in independent efforts to value and pick stocks. Page by page, Damodaran distills the fundamentals of valuation, without glossing over or ignoring key concepts, and develops models that you can easily understand and use. Along the way, he covers various valuation approaches from intrinsic or discounted cash flow valuation and multiples or relative valuation to some elements of real option valuation. Includes case studies and examples that will help build your valuation skills Written by Aswath Damodaran, one of today's most respected valuation experts Includes an accompanying iPhone application (iVal) that makes the lessons of the book immediately useable Written with the individual investor in mind, this reliable guide will not only help you value a company quickly, but will also help you make sense of valuations done by others or found in comprehensive equity research reports.

An accessible, and intuitive, guide to stock valuationValuation is at the heart of any investment decision, whetherthat decision is to buy, sell, or hold. In The Little Book ofValuation, expert Aswath Damodaran explains the techniques inlanguage that any investors can understand, so you can make betterinvestment decisions when reviewing stock research reports andengaging in independent efforts to value and pick stocks.Page by page, Damodaran distills the fundamentals of valuationwithout glossing over or ignoring key concepts, and develops modelsthat you can easily understand and use. Along the way, he coversvarious valuation approaches from intrinsic or discounted cash flowvaluation and multiples or relative valuation to some elements ofreal option valuation.* Includes case studies and examples that will help build yourvaluation skills* Written by Aswath Damodaran, one of today's most respectedvaluation experts* Includes an accompanying iPhone application (iVal) that makesthe lessons of the book immediately useableWritten with the individual investor in mind, this reliableguide will not only help you value a company quickly, but will alsohelp you make sense of valuations done by others or found incomprehensive equity research reports.

Foreword xiIntroduction xvHit the Ground Running--Valuation BasicsChapter One Value--More Than a Number! 3Chapter Two Power Tools of the Trade 13Chapter Three Yes, Virginia, Every Asset Has an Intrinsic Value 35Chapter Four It's All Relative! 59From Cradle to Grave--Life Cycle and ValuationChapter Five Promise Aplenty 83Chapter Six Growing Pains 105Chapter Seven Valuation Viagra 125Chapter Eight Doomsday 143Breaking the Mold--Special Situations in ValuationChapter Nine Bank on It 163Chapter Ten Roller-Coaster Investing 185Chapter Eleven Invisible Value 203Conclusion Rules for the Road 225