{"product_id":"valuation-workbook-isbn-9781394279449","title":"Valuation Workbook","description":"\u003cp\u003e\u003cb\u003eThe #1 best-selling guide to business valuation, newly updated and revised\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003ci\u003eValuation Workbook\u003c\/i\u003e is the companion book to the eighth edition of McKinsey's \u003ci\u003eValuation\u003c\/i\u003e, the gold standard in measuring and managing valuation for more than 30 years. This workbook has been used by individuals and professors to gain a deeper understanding of valuation.\u003c\/p\u003e \u003cp\u003eCalled \"the best practitioners' guide to valuation\" by \u003ci\u003eThe Financial Times\u003c\/i\u003e and \"the most influential contemporary books about the world economy\" by \u003ci\u003eThe Economist,\u003c\/i\u003e the newly revised eighth McKinsey's long tradition of excellence. In the book, a team of veteran McKinsey \u0026amp; Company professionals walk you through the foundations of valuation, advanced topics like valuing high-growth companies and digital assets, and managerial topics such as corporate portfolio strategy and acquisitions. You'll also discover:\u003c\/p\u003e \u003cul\u003e \u003cli\u003eQuestions and answers about the content in each chapter\u003c\/li\u003e \u003cli\u003eBest practices to apply valuation to business strategy questions and communicate with investors\u003c\/li\u003e \u003cli\u003eHow to analyze and forecast performance, the cost of capital, and put it all together in a coherent valuation\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eMcKinsey \u0026amp; Company has been helping businesses, governments, non-profit organizations and other institutions grow and thrive for almost 100 years. \u003ci\u003eValuation\u003c\/i\u003e's authors draw on that storied history to bring you the most relevant, accurate, intuitive, and practical guide to valuation on the market today.\u003c\/p\u003e \u003cp\u003eAbout the Authors xi\u003c\/p\u003e \u003cp\u003eIntroduction XIII\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart One Questions\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e1 Why Value Value? 3\u003c\/p\u003e \u003cp\u003e2 Finance in a Nutshell 5\u003c\/p\u003e \u003cp\u003e3 Fundamental Principles of Value Creation 7\u003c\/p\u003e \u003cp\u003e4 Risk and the Opportunity Cost of Capital 11\u003c\/p\u003e \u003cp\u003e5 The Alchemy of Stock Market Performance 15\u003c\/p\u003e \u003cp\u003e6 The Stock Market and Economic Fundamentals 19\u003c\/p\u003e \u003cp\u003e7 The Stock Market Is Smarter than You Think 23\u003c\/p\u003e \u003cp\u003e8 Return on Invested Capital 27\u003c\/p\u003e \u003cp\u003e9 Growth 31\u003c\/p\u003e \u003cp\u003e10 Frameworks for Valuation 35\u003c\/p\u003e \u003cp\u003e11 Reorganizing the Financial Statements 39\u003c\/p\u003e \u003cp\u003e12 Analyzing Performance and Competitive Position 43\u003c\/p\u003e \u003cp\u003e13 Forecasting Performance 47\u003c\/p\u003e \u003cp\u003e14 Estimating Continuing Value 53\u003c\/p\u003e \u003cp\u003e15 Estimating the Cost of Capital 57\u003c\/p\u003e \u003cp\u003e16 Moving from Enterprise Value to Value per Share 61\u003c\/p\u003e \u003cp\u003e17 Analyzing the Results 65\u003c\/p\u003e \u003cp\u003e18 Using Multiples 69\u003c\/p\u003e \u003cp\u003e19 Valuation by Parts 73\u003c\/p\u003e \u003cp\u003e20 Taxes 77\u003c\/p\u003e \u003cp\u003e21 Nonoperating Items, Provisions, and Reserves 79\u003c\/p\u003e \u003cp\u003e22 Leases 83\u003c\/p\u003e \u003cp\u003e23 Retirement Obligations 87\u003c\/p\u003e \u003cp\u003e24 Measuring Performance in Capital-Light Businesses 89\u003c\/p\u003e \u003cp\u003e25 CFROI and Other Ways to Measure Return on Capital 93\u003c\/p\u003e \u003cp\u003e26 Inflation 95\u003c\/p\u003e \u003cp\u003e27 Cross-Border Valuation 99\u003c\/p\u003e \u003cp\u003e28 Corporate Portfolio Strategy 103\u003c\/p\u003e \u003cp\u003e29 Strategic Management: Analytics 107\u003c\/p\u003e \u003cp\u003e30 Strategic Management: Governance, Processes, and Decision-Making 111\u003c\/p\u003e \u003cp\u003e31 Mergers and Acquisitions 115\u003c\/p\u003e \u003cp\u003e32 Divestitures 119\u003c\/p\u003e \u003cp\u003e33 Digital Initiatives and Companies 123\u003c\/p\u003e \u003cp\u003e34 Sustainability 125\u003c\/p\u003e \u003cp\u003e35 Capital Structure, Dividends, and Share Repurchases 127\u003c\/p\u003e \u003cp\u003e36 Investor Communications 131\u003c\/p\u003e \u003cp\u003e37 Leveraged Buyouts 135\u003c\/p\u003e \u003cp\u003e38 Venture Capital 139\u003c\/p\u003e \u003cp\u003e39 High-Growth Companies 141\u003c\/p\u003e \u003cp\u003e40 Flexibility and Options 143\u003c\/p\u003e \u003cp\u003e41 Emerging Markets 147\u003c\/p\u003e \u003cp\u003e42 Cyclical Companies 149\u003c\/p\u003e \u003cp\u003e43 Banks 153\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Two Solutions\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e1 Why Value Value? 159\u003c\/p\u003e \u003cp\u003e2 Finance in a Nutshell 161\u003c\/p\u003e \u003cp\u003e3 Fundamental Principles of Value Creation 163\u003c\/p\u003e \u003cp\u003e4 Risk and the Opportunity Cost of Capital 165\u003c\/p\u003e \u003cp\u003e5 The Alchemy of Stock Market Performance 167\u003c\/p\u003e \u003cp\u003e6 The Stock Market and Economic Fundamentals 169\u003c\/p\u003e \u003cp\u003e7 The Stock Market Is Smarter than You Think 171\u003c\/p\u003e \u003cp\u003e8 Return on Invested Capital 173\u003c\/p\u003e \u003cp\u003e9 Growth 175\u003c\/p\u003e \u003cp\u003e10 Frameworks for Valuation 177\u003c\/p\u003e \u003cp\u003e11 Reorganizing the Financial Statements 179\u003c\/p\u003e \u003cp\u003e12 Analyzing Performance and Competitive Position 181\u003c\/p\u003e \u003cp\u003e13 Forecasting Performance 183\u003c\/p\u003e \u003cp\u003e14 Estimating Continuing Value 187\u003c\/p\u003e \u003cp\u003e15 Estimating the Cost of Capital 191\u003c\/p\u003e \u003cp\u003e16 Moving from Enterprise Value to Value per Share 193\u003c\/p\u003e \u003cp\u003e17 Analyzing the Results 195\u003c\/p\u003e \u003cp\u003e18 Using Multiples 197\u003c\/p\u003e \u003cp\u003e19 Valuation by Parts 199\u003c\/p\u003e \u003cp\u003e20 Taxes 201\u003c\/p\u003e \u003cp\u003e21 Nonoperating Items, Provisions, and Reserves 203\u003c\/p\u003e \u003cp\u003e22 Leases 205\u003c\/p\u003e \u003cp\u003e23 Retirement Obligations 207\u003c\/p\u003e \u003cp\u003e24 Measuring Performance in Capital-Light Businesses 209\u003c\/p\u003e \u003cp\u003e25 CFROI and Other Ways to Measure Return on Capital 211\u003c\/p\u003e \u003cp\u003e26 Inflation 213\u003c\/p\u003e \u003cp\u003e27 Cross-Border Valuation 217\u003c\/p\u003e \u003cp\u003e28 Corporate Portfolio Strategy 221\u003c\/p\u003e \u003cp\u003e29 Strategic Management: Analytics 223\u003c\/p\u003e \u003cp\u003e30 Strategic Management: Governance, Processes, and Decision-Making 225\u003c\/p\u003e \u003cp\u003e31 Mergers and Acquisitions 227\u003c\/p\u003e \u003cp\u003e32 Divestitures 229\u003c\/p\u003e \u003cp\u003e33 Digital Initiatives and Companies 231\u003c\/p\u003e \u003cp\u003e34 Sustainability 233\u003c\/p\u003e \u003cp\u003e35 Capital Structure, Dividends, and Share Repurchases 235\u003c\/p\u003e \u003cp\u003e36 Investor Communications 237\u003c\/p\u003e \u003cp\u003e37 Leveraged Buyouts 241\u003c\/p\u003e \u003cp\u003e38 Venture Capital 243\u003c\/p\u003e \u003cp\u003e39 High-Growth Companies 245\u003c\/p\u003e \u003cp\u003e40 Flexibility and Options 247\u003c\/p\u003e \u003cp\u003e41 Emerging Markets 249\u003c\/p\u003e \u003cp\u003e42 Cyclical Companies 251\u003c\/p\u003e \u003cp\u003e43 Banks 253\u003c\/p\u003e \u003cp\u003eIndex 255\u003c\/p\u003e  \u003cp\u003e\u003cb\u003eTIM KOLLER\u003c\/b\u003e is a McKinsey partner and founder of McKinsey’s Strategy and Corporate Finance Insights team. In his 40 years of consulting, he has served clients globally on corporate strategy and capital markets, acquisitions and divestitures, and resource allocation. \u003c\/p\u003e\u003cp\u003e\u003cb\u003eMARC GOEDHART\u003c\/b\u003e is a senior expert in McKinsey’s Strategy and Corporate Finance practice and an endowed professor of corporate valuation at Rotterdam School of Management (RSM), Erasmus University. \u003c\/p\u003e\u003cp\u003e\u003cb\u003eDAVID WESSELS\u003c\/b\u003e is an adjunct professor of finance at the Wharton School of the University of Pennsylvania. He was named by \u003ci\u003eBloomberg Businessweek\u003c\/i\u003e as one of America’s top business school instructors. \u003c\/p\u003e\u003cp\u003e\u003cb\u003eMICHAEL CICHELLO\u003c\/b\u003e is clinical professor in finance at the Smith School of Business at the University of Maryland and Academic Director of the Masters of Finance program. \u003c\/p\u003e\u003cp\u003e\u003cb\u003eMCKINSEY \u0026amp; COMPANY\u003c\/b\u003e is a global management consulting firm. McKinsey combines bold strategies and transformative technologies to help organizations innovate and achieve lasting gains in performance.  \u003c\/p\u003e\u003cp\u003e\u003cb\u003eThe ideal companion to \u003ci\u003eVALUATION \/ EIGHTH EDITION\u003c\/i\u003e\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003ci\u003eValuation Workbook\u003c\/i\u003e is the ideal companion to the \u003ci\u003eEighth Edition\u003c\/i\u003e of McKinsey's \u003ci\u003eValuation\u003c\/i\u003e, the gold standard in measuring and managing valuation for more than 35 years. This workbook has been used by individuals and professors to gain a deeper understanding of valuation.\u003c\/p\u003e \u003cp\u003eCalled \"the best practitioners\" guide to valuation by the \u003ci\u003eFinancial Times\u003c\/i\u003e and \"the most influential contemporary books about the world economy\" by \u003ci\u003eThe Economist,\u003c\/i\u003e the \u003ci\u003eEighth Edition\u003c\/i\u003e of \u003ci\u003eValuation\u003c\/i\u003e continues McKinsey's long tradition of excellence. In that book, a team of veteran McKinsey \u0026amp; Company professionals walk you through the foundations of valuation, advanced topics like valuing high-growth companies and digital assets, and managerial topics such as corporate portfolio strategy and acquisitions. Here, you'll discover:\u003c\/p\u003e \u003cul\u003e \u003cli\u003eQuestions and answers about the content in each chapter\u003c\/li\u003e \u003cli\u003eBest practices to apply valuation to business strategy questions and communicate with investors\u003c\/li\u003e \u003cli\u003eHow to analyze and forecast performance, the cost of capital, and put it all together in a coherent valuation\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eMcKinsey \u0026amp; Company has been helping businesses, governments, nonprofit organizations and other institutions grow and thrive for almost 100 years. \u003ci\u003eValuation\u003c\/i\u003e's authors draw on that storied history to bring you the most relevant, accurate, intuitive, and practical guide to valuation on the market today.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47990444523749,"sku":"NP9781394279449","price":52.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781394279449.jpg?v=1761787855","url":"https:\/\/k12savings.com\/products\/valuation-workbook-isbn-9781394279449","provider":"K12savings","version":"1.0","type":"link"}