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The Valuation Book is a comprehensive introductory valuation guide for investors, managers, accountants, lawyers and anyone else who needs to value a business.

Authors: Mark Aleksanyan and Kenneth Lee and Matthias Meitner and Neil Pande

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.

Link to the publisher

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Article by Johannes Baumgartner and Andreas Schüler in: Credit and Capital Markets – Kredit und Kapital, Vol. (2024), Online First : pp. 1-30.

[Read more…] about The Value Impact of Using Total Market Return and its Implications for Valuation Practice

published in Journal of Banking & Finance, June 2024, the paper is available on ssrn with the following link.

Co-published annually by the World Intellectual Property Organization (WIPO) in partnership with the Luiss Business School (LBS), the World Intangible Investment Highlights reveal that intangible investments grew at three times the rate of tangible investments between 2008–2023, proving resilient despite economic uncertainty and tighter monetary conditions.

Click on this link to download.

Content: Beta, Tax PPA, Beta and transaction multiple data, News

Unbiased Beta Despite Biased Data: Some Elementary Results
Prof. Dr. Leonhard Knoll / Prof. Dr. Dr. h.c. Lutz Kruschwitz / Prof. Dr. Dr. Andreas Löffler / Prof. Dr. Daniela Lorenz

Tax Purchase Price Allocations in Carve-Out Transactions
Dr. Moritz Bassemir

Data: Industry Betas and Multiples (for Eurozone Companies)
Dr. Martin H. Schmidt | Dr. Andreas Tschöpel, CVA/CEFA/CIIA

Data: Transaction Multiples for Europe
Prof. Dr. Stefan O. Grbenic, StB, CVA

News from IVSC

News from EACVA

IVSC Members Introduce Themselves:
The NiRV (Dutch Association of Registered Valuators)

Download the current issue and further information on the European Business Valuation Magazine here.