Valuation Textbook
A graduate-level treatment of business valuation.
Overview paragraph forthcoming — a short description of the textbook, its audience, and the principal frameworks it develops.
The textbook develops the theory and practice of business valuation from first principles in financial economics: free cash flow, discount rates, terminal value, and the relationship between accounting numbers and intrinsic value. It is used in graduate courses on valuation and is widely cited by practitioners and expert witnesses.
Each chapter combines rigorous derivation with worked examples drawn from real transactions and disputes.