The Dark Side of Valuation: Valuing Young, Distressed, and Complex Businesses

Renowned valuation expert Aswath Damodaran reviews the core tools of valuation, examines today’s most difficult estimation questions and issues, and then systematically addresses the valuation challenges that arise throughout a firm’s lifecycle in The Dark Side of Valuation: Valuing Young, Distressed and Complex Businesses.

In this thoroughly revised edition, the author looks at how best to deal with low interest rates, volatile equity risk premiums and political risk in valuation.

Readers will gain insight into:

• Overcoming the temptation to use unrealistic or simplistic valuation methods
• Risk-free rates, risk premiums and other macroeconomic assumptions
• Intelligent analysis for angel and early venture capital investing
• Projecting the impact of regulatory changes
• The stages of the corporate lifecycle
• Valuing financial services and commodities companies

Damodaran’s insights will be indispensable to everyone involved in valuation: financial professionals, investors, M&A specialists, and entrepreneurs alike.