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The Valuation Book: How to value businesses and shares – an introductory guide for investors, managers and more
The Valuation Book contains the tools needed by anyone who wants to make a robust valuation of a business.
No detailed prior knowledge of business valuation is required – the book covers everything you need to know, including how to read relevant parts of company accounts and the valuation tools (including DCF and multiples) that are used by professionals.
Written by academics who are also practitioners, The Valuation Book provides a unique mix of theory and practical application. It is designed around the authors’ experience of teaching thousands of people about valuation principles over the last two decades.
Short, accessible chapters with a consistent structure and layout allow readers to build up their knowledge step by step.
And the book is fully up to date, with accessible specialist chapters on integrating ESG into valuations, valuing immature companies, identifying flaws in valuation models, valuation for mergers and acquisitions, and more.
The Valuation Book is a comprehensive introductory valuation guide for investors, managers, accountants, lawyers and anyone else who needs to value a business.
No detailed prior knowledge of business valuation is required – the book covers everything you need to know, including how to read relevant parts of company accounts and the valuation tools (including DCF and multiples) that are used by professionals.
Written by academics who are also practitioners, The Valuation Book provides a unique mix of theory and practical application. It is designed around the authors’ experience of teaching thousands of people about valuation principles over the last two decades.
Short, accessible chapters with a consistent structure and layout allow readers to build up their knowledge step by step.
And the book is fully up to date, with accessible specialist chapters on integrating ESG into valuations, valuing immature companies, identifying flaws in valuation models, valuation for mergers and acquisitions, and more.
The Valuation Book is a comprehensive introductory valuation guide for investors, managers, accountants, lawyers and anyone else who needs to value a business.
226 pages, Kindle Edition
Published October 1, 2024
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Displaying 1 - 3 of 3 reviews
October 19, 2025
My initial thoughts were that this book was a bit repetitive, needed an abbreviations glossary and was pitched a bit oddly in terms of being about accounting vs valuation, and in terms of beginner vs advanced readers, but was basically decent. Then I appreciated a workthrough of a discounted cash flow to the firm model, and thought the book was good. But then I spotted that - I think - a similar chapter on free cash flow to equity has errors in it. I might be wrong: I've emailed the book's website email contact, so time might tell. Then I was impressed that this is the first investing book I've seen deal with the concept of economic profit as a discount model, but after the apparent error(s) in the earlier chapter I lost all confidence in everything that followed. So it's a bit of a weird one. I'll update this review if I get a reply to my email.
February 1, 2025
Thorough Coverage.
The authors did a fantastic job of summarising and elucidating many core valuation techniques in a simple and straightforward manner. Great Job 👏
I love this book 🥰
The authors did a fantastic job of summarising and elucidating many core valuation techniques in a simple and straightforward manner. Great Job 👏
I love this book 🥰
October 29, 2025
Super helpful and will keep a lot of the simple ways valuation is broken down with me for my career!
Displaying 1 - 3 of 3 reviews