Financial Valuation: Applications and Models

A comprehensive guide to the theory and application of valuation, along with useful models, tools, and tips for analysts

Financial Valuation: Applications and Models provides authoritative reference and practical guidance on the appropriate, defensible way to prepare and present business valuations. With contributions by 30 top experts in the field, this updated edition provides an essential resource for those seeking the most up-to-date methods, with a strong emphasis on applications and models. Coverage includes the latest approaches to the valuation of closely held businesses, nonpublic entities, intangibles, and other assets, with comprehensive discussion on valuation theory, a consensus view on application, and the tools to make it happen.

This 5th edition has been revised throughout, introducing new and extended coverage of essential topics like: S Corps, discounts for lack of marketability, cost of capital resources, cash flow methods, depositions and trials, and more. Packed with examples, checklists, and models to help navigate valuation projects, this book is an excellent practical tool for working professionals. It also provides hundreds of expert tips and best practices in clear, easy-to-follow language. The companion website provides access to extensive appendix materials, and the perspectives of valuation thought leaders add critical insight.

• Learn the art and science of estimating the value of businesses, including closely held businesses and nonpublic entities
• Determine the monetary value of intangible assets like goodwill, intellectual property, and brand recognition
• Update your knowledge with the latest valuation methods, approaches, and tools
• Use checklists, templates, models, and examples to make your valuations easier

Business valuation analysts, CPAs, appraisers, and attorneys--as well as anyone aspiring to those careers--will appreciate the comprehensive theory and thorough practical guidance in Financial Valuation: Applications and Models.

JAMES R. HITCHNER, CPA/ABV/CFF, is Managing Director of Financial Valuation Advisors, President of the Financial Consulting Group, CEO of Valuation Products and Services, and Editor-in-Chief of Hardball with HITCHNER. He has been court-qualified as an expert witness on the subject of business valuations and has 44 years of experience in the valuation field.