Valuation: Measuring and Managing the Value of Companies 8th Edition
Author(s): Tim Koller (Author), Marc Goedhart (Author), David Wessels (Author), McKinsey & Company Inc. (Author)
Publisher: Wiley
Publication Date: 22 May 2025
Edition: 8th
Language: English
Print length: 976 pages
ISBN-10: 1394279418
ISBN-13: 9781394279418
Book Description
The #1 best-selling guide to business valuation, newly updated and revised
Valuation: Measuring and Managing the Value of Companies 8th Edition has been the gold standard in measuring and managing company value for more than 30 years. Now in its eighth edition, this acclaimed volume continues to help corporate executives, bankers, students, and other financial professionals around the world gain a deep understanding of valuation as well as allow their companies to create and maximize economic value.
Called “the best practitioners’ guide to valuation” by The Financial Times and “the most influential contemporary books about the world economy” by The Economist, the newly revised eighth McKinsey’s long tradition of excellence. In the book, a team of veteran McKinsey & 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:
Clear, accessible chapters with detailed guidance on the fundamental principles of value creation
Best practices to apply valuation to business strategy questions and communicate with investors
How to analyze and forecast performance, the cost of capital, and put it all together in a coherent valuation
McKinsey & Company has been helping businesses, governments, non-profit organizations and other institutions grow and thrive for almost 100 years . Valuation‘s authors draw on that storied history to bring you the most relevant, accurate, intuitive, and practical guide to valuation on the market today.
Editorial Reviews
From the Inside Flap
Valuation has been the gold standard resource that financial professionals have relied on for over three decades to measure, manage, and maximize shareholder value. This new and up-to-date Eighth Edition offers practical tools you can use to solve real-world business problems. It reflects the latest developments in global financial markets, academic finance, and the authors’ latest research and experiences.
The book reviews the foundations of value and explains fundamental and advanced valuation techniques, and special or unusual business situations. You’ll learn how to develop a business portfolio strategy that considers which business units a corporation is best suited to own, and which might perform better under alternative ownership.
Valuation demonstrates how to accurately assess major transactions, like mergers, acquisitions, divestitures, and restructurings. It also shows you how to create a capital structure that integrates seamlessly with a company’s strategy at an appropriate level of risk. New, in-depth case studies explain critical and evolving concepts in valuation, including planning, resource allocation, digital assets, sustainability, and managing for the long term.
You’ll find proven valuation frameworks that McKinsey & Company has been using for decades in their consulting work. You’ll also become familiar with the practical judgments you’ll need to make when developing your own models and conducting valuations for yourself.
The newest edition of Valuation is a must-read for business analysts and managers, offering an insightful guide to long- and short-term strategy.
From the Back Cover
McKinsey & Company’s #1 bestselling guide to corporate valuation, now in its Eighth Edition
The revised Eighth Edition of Valuation offers detailed, step-by-step explanations of how to easily and effectively measure and manage the value of companies. This book contains proven valuation frameworks that have been used successfully in McKinsey & Company’s consulting work, including illustrative case studies that put the spotlight on practical judgments involved in developing and using valuations.
PRAISE FOR VALUATION
“The book’s clarity and comprehensive coverage make it one of the best practitioners’ guides to valuation.” ―Financial Times
“Valuation … is one of the most influential contemporary books about the world economy.” ―The Economist
“A ‘how-to’ guide for corporate executives who want to get at the unrealized shareholder values trapped in public companies.” ―The New York Times
About the Author
TIM KOLLER 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.
MARC GOEDHART 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.
DAVID WESSELS is an adjunct professor of finance at the Wharton School of the University of Pennsylvania. He was named by Bloomberg Businessweek as one of America’s top business school instructors.
MCKINSEY & COMPANY is a global management consulting firm. McKinsey combines bold strategies and transformative technologies to help organizations innovate and achieve lasting gains in performance.
Wow! eBook
