Investment Valuation: Tools and Techniques for Determining the Value of Any Asset Book

Ch. 1	Introduction to Valuation	1
Ch. 2	Approaches to Valuation	11
Ch. 3	Understanding Financial Statements	26
Ch. 4	The Basics of Risk	60
Ch. 5	Option Pricing Theory and Models	88
Ch. 6	Market Efficiency - Definition, Tests, and Evidence	112
Ch. 7	Riskless Rates and Risk Premiums	154
Ch. 8	Estimating Risk Parameters and Costs of Financing	181
Ch. 9	Measuring Earnings	226
Ch. 10	From Earnings to Cash Flows	247
Ch. 11	Estimating Growth	268
Ch. 12	Closure in Valuation: Estimating Terminal Value	303
Ch. 13	Dividend Discount Models	322
Ch. 14	Free Cash Flow to Equity Discount Models	351
Ch. 15	Firm Valuation: Cost of Capital and Adjusted Present Value Approaches	382
Ch. 16	Estimating Equity Value per Share	423
Ch. 17	Fundamental Principles of Relative Valuation	453
Ch. 18	Earnings Multiples	468
Ch. 19	Book Value Multiples	511
Ch. 20	Revenue Multiples and Sector-Specific Multiples	543
Ch. 21	Valuing Financial Service Firms	575
Ch. 22	Valuing Firms with Negative Earnings	607
Ch. 23	Valuing Young or Start-Up Firms	637
Ch. 24	Valuing Private Firms	662
Ch. 25	Acquisitions and Takeovers	690
Ch. 26	Valuing Real Estate	729
Ch. 27	Valuing Other Assets	757
Ch. 28	The Option to Delay and Valuation Implications	772
Ch. 29	The Options to Expand and to Abandon: Valuation Implications	796
Ch. 30	Valuing Equity in Distressed Firms	817
Ch. 31	Value Enhancement: A Discounted Cash Flow Valuation Framework	832
Ch. 32	Value Enhancement: Economic Value Added, Cash Flow Return on Investment, and Other Tools	863
Ch. 33	Valuing Bonds	887
Ch. 34	Valuing Futures and Forward Contracts	926
Ch. 35	Overview and Conclusion	946
	References	961
	Index	977