Michael Lewrick

From the Back Cover FOR THIRTY YEARS McKINSEY HAS BEEN A TRUSTED GUIDE TO TEACHING CORPORATE VALUATION Valuation, University Edition, Seventh Edition  contains the expert guidance from McKinsey & Company that students and professors have come to rely on. New to the fully revised and updated  Seventh Edition : New case studies that clearly illustrate both the economics of value creation and the process of measuring value Clarifies the distinction between creating shareholder value and maximizing short-term profits Explores in greater depth the factors that drive long-term value creation For thirty years  Valuation  has remained true to its basic principles and continues to offer a step-by-step approach to valuation, including: Analyzing historical performance Forecasting performance Estimating the cost of capital with practical tips Interpreting the results of a valuation in light of a company's situation Linking a company's valuation multiples to the core drivers of its performance The  University Edition  contains End-of-Chapter Review Questions that help students master key concepts from each chapter. Wiley also offers an Online Instructor's Manual with a full suite of learning resources for professors and students. McKINSEY & COMPANY  is a global management-consulting firm that serves across a wide range of industries and functions.