can anybody suggest best international standard text books on business valuation?
thanks in advance
Book Energy Investments: An Adaptive Approach to Profiting from U...
For the conventional valuation, you may consider Damodaran's book on Valuation. This covers net present value and similar standard tools, usually under conditions of certainty.
Dixit and Pindyck have written a book on real options, while Lenos Trigeorgis did one on Competitive Strategy, which uses real options and option games as a framework for valuing firms or investments under conditions of uncertainty.
My new book applies the real options and option games to valuing energy investments or portfolio, which could be used to value large scale or infrastructure investments.
http://www.mypearsonstore.com/bookstore/principles-of-managerial-finance-0133507696
Part 3 of the book. if you want i have the 13th edition i can send it to you!
DETERMINING VALUE: VALUATION MODELS AND FINANCIAL STATEMENTS
by Richard Barker
Aswath Damodaran has written several books on valuation. I find it really useful and easy to read.
The starting point should probably be Brealey & Myers' "Principles of Corporate Finance", as this book deals with the basic elements to be applied to valuation (cost of capital / WACC; CAPM; time value of money / NPV, etc).
Then, the books on general valuation I would recommend are the following:
1) Damodaran: Damodaran on Valuation. Damodaran also has a book titled "The Dark Side of Valuation" dealing with "difficult to value" companies (start-ups, financials, ...)
2) Massari, Gianfrate & Zanetti: "Corporate Valuation".
3) Koller, Goedhart & Wessels: "Valuation. Measuring and Managing the Value of Companies".
After reading these, you could consider other books dealing with advanced valuation methods (such as valuation using options) or specialised companies (such as financial institutions).
not directly related to Valuation......................................but,valuation in case of Mergers and Acquisitions.
M&A:Valuation,LBOs,and Financing by Sheeba Kapil,Wiley
A few of my favorites:
1. Valuation. Measuring and Managing the Value of Companies by Koller, Goedhart and Wessels
2. Financial Theory and Corporate Policy by Copeland, Weston, and Shastri
3. Corporate Valuation by Bradford Cornell
4. Valuing a Business by Shannon P. Pratt
5. Understanding Business Valuation by Gary R. Trugman
"Valuation. Measuring and Managing the Value of Companies". Koller, Goedhart & Wessels:
My recommendation would be
Holthausen/Zmijewski, Corporate Valuation: Theory, Evidence & Practice
Koller et. al, Valuation (see other answers)
Full Disclosure.
I will have to shamelessly mention my book with Nacho. (Ignacio Velez-Pareja!!)
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