The Market Approach to Comparable Company Valuation

The Market Approach to Comparable Company Valuation

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Corporate valuation using multiples is one of the most popular corporate valuation approaches. In this book, the different steps of this valuation approach such as the selection of comparable companies or the choice of the reference variables are discussed. Then, the circumstances required for a sound valuation (e.g., the degree of efficiency of the equity market) are described. Additionally, the book gives insight on how the state of the industry and/or the company has an impact on the proper choice of the reference variables. Finally, it is shown how multi-factor models can enrich the universe of valuation models. While always maintaining the academic rigor, the author addresses practice-relevant topics and delivers hands-on solutions for typical valuation problems.1.1. Motivation. Company valuation is one of the most important tasks of financial analysts, invest- tors, consultants, and managers. ... However, the process of valuing a company is complex and not standardised at all. ... First, it is easy to use.

Title:The Market Approach to Comparable Company Valuation
Author:Matthias Meitner
Publisher:Springer Science & Business Media - 2006-08-18


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