What do you think?
Rate this book
Investment Valuation, University Edition: Tools and Techniques for Determining the Value of any Asset
Updated edition of the definitive guide to investment valuation tools and techniques
Investment Tools and Techniques for Determining the Value of Any Asset delves into valuation techniques for a variety of different asset classes, including real options, start-up firms, unconventional assets, distressed companies and private equity, real estate, and many more, and explains how to choose the right model for any given asset valuation scenario. The models are presented with real-world examples so as to capture some of the problems inherent in applying these models, with discussion of differences and common elements between the models to provide readers with a holistic understanding of the subject matter.
Written by a professor of finance who is widely regarded as one of the best educators and thinkers on the topic of investment valuation, this newly revised and updated Fourth Edition explores topics
Understanding financial statements, the basics of risk, and tests and evidence for market efficiency Estimating risk parameters and costs of financing, terminal value, and equity value per share Using scenario analysis, decision trees, and simulations for probabilistic approaches in valuation Investment Tools and Techniques for Determining the Value of Any Asset is an essential resource for all investors and students of financial markets seeking an all-in-one guide to expand their valuation knowledge and make better investment decisions.
Investment Tools and Techniques for Determining the Value of Any Asset delves into valuation techniques for a variety of different asset classes, including real options, start-up firms, unconventional assets, distressed companies and private equity, real estate, and many more, and explains how to choose the right model for any given asset valuation scenario. The models are presented with real-world examples so as to capture some of the problems inherent in applying these models, with discussion of differences and common elements between the models to provide readers with a holistic understanding of the subject matter.
Written by a professor of finance who is widely regarded as one of the best educators and thinkers on the topic of investment valuation, this newly revised and updated Fourth Edition explores topics
Understanding financial statements, the basics of risk, and tests and evidence for market efficiency Estimating risk parameters and costs of financing, terminal value, and equity value per share Using scenario analysis, decision trees, and simulations for probabilistic approaches in valuation Investment Tools and Techniques for Determining the Value of Any Asset is an essential resource for all investors and students of financial markets seeking an all-in-one guide to expand their valuation knowledge and make better investment decisions.
1127 pages, Kindle Edition
Published January 10, 2025
About the author
Aswath Damodaran
95 books761 followersAswath Damodaran is a Professor of Finance at the Stern School of Business at New York University (Kerschner Family Chair in Finance Education). He is well known as the author of several widely used academic and practitioner texts on Valuation, Corporate Finance and Investment Management; as well as a provider of comprehensive data for valuation purposes.
Ratings & Reviews
Friends & Following
Create a free account to discover what your friends think of this book!
Community Reviews
Displaying 1 of 1 review
March 5, 2026
[I read the physical copy, but somehow I cannot find that specific edition on the platform.]
A fresh remix of an absolute must-have from the Dean of Valuation.
When you read most popular investment books they usually a) cover only parts of the valuation process (of varying quality) or b) assume you know the basics of valuation and have the background knowledge. This book provides you with that background knowledge in a very comprehensive way.
You do not have to follow Prof. Aswath Damodaran perfectly, nor do you have to agree with him all the time, but you certainly have to be aware of his teachings.
The best way to tackle the book is alongside his valuation course:
https://pages.stern.nyu.edu/~adamodar...
..and with the help of the supporting materials from here: https://pages.stern.nyu.edu/~adamodar...
With these study materials the professor gives us a real treasure (teaching us to fish rather than just giving us the fish).
A fresh remix of an absolute must-have from the Dean of Valuation.
When you read most popular investment books they usually a) cover only parts of the valuation process (of varying quality) or b) assume you know the basics of valuation and have the background knowledge. This book provides you with that background knowledge in a very comprehensive way.
You do not have to follow Prof. Aswath Damodaran perfectly, nor do you have to agree with him all the time, but you certainly have to be aware of his teachings.
The best way to tackle the book is alongside his valuation course:
https://pages.stern.nyu.edu/~adamodar...
..and with the help of the supporting materials from here: https://pages.stern.nyu.edu/~adamodar...
With these study materials the professor gives us a real treasure (teaching us to fish rather than just giving us the fish).
Displaying 1 of 1 review