Equity Asset Valuation

by Jerald E. Pinto, Elaine Henry, Thomas R. Robinson

Navigate equity investments and asset valuation with confidence Equity Asset Valuation, Third Edition blends theory and practice to paint an accurate, informative picture of the equity asset world. The most comprehensive resource on the market, this text supplements your studies for the third step in the three-level CFA certification program by integrating both accounting and finance concepts to explore a collection of valuation models and challenge you to determine which models are most appropriate for certain companies and circumstances. Detailed learning outcome statements help you navigate your way through the content, which covers a wide range of topics, including how an analyst approaches the equity valuation process, the basic DDM, the derivation of the required rate of return within the context of Markowitz and Sharpe's modern portfolio theory, and more. Equity investments encompass the buying and holding of shares of stock in the anticipation of collecting income from dividends and capital gains. Determining which shares will be profitable is key, and an array of valuation techniques is applied on today's market to decide which stocks are ripe for investment and which are best left out of your portfolio. Equity Asset Valuation, Third Edition is a comprehensive, updated text that guides you through the information you need to know to fully understand the general analysis of equity investments.

Genres: Finance, Business, Economics

624 pages, Hardcover

First published January 1, 2007

About the author

Jerald E. Pinto, CFA, is the Principal of Old Brook Road Consulting LLC since retiring as a Senior Director in Credentialing at CFA Institute in 2020. His investments research has been published in the J. of Portfolio Management and other outlets. He holds a B.A. with high distinction from Laurentian University, MBA from Baruch College and an MPhil and PhD in Finance from New York University. Mr. Pinto is a member of CFA Virginia.

Reviews

[Thái Dũng · Rating 4 out of 5]

This book provides clear and full approach to asset valuation, particular on equity investment.
It helped me a lot when I first try conducting my analysis on a public equity in Vietnam.
Highly recommend for people who practice equity research, analysis and engage in investment decision making.