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| Valuing A Business, 4th Edition | 
 enlarge | Authors: Shannon P. Pratt, Robert F. Reilly, Robert P. Schweihs
Publisher: McGraw-Hill
Category: Book
List Price: $99.95
Buy New: $24.19
You Save: $75.76 (76%)
Buy New/Used/Collectible from $24.19
Avg. Customer Rating:  (11 reviews)
Sales Rank: 614180
Languages: English (Original Language), English (Unknown), English (Published)
Media: Hardcover
Edition: 4
Number Of Items: 1
Pages: 1291
Shipping Weight (lbs): 6.4
Dimensions (in): 11.1 x 8.8 x 2.5
ISBN: 0071356150
Dewey Decimal Number: 657.73
UPC: 639785317265
EAN: 9780071356152
ASIN: 0071356150
Publication Date: August 30, 2000
Availability: Usually ships in 1-2 business days
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| Editorial Reviews:
Product Description
First published in 1981, Valuing a Business is today the world's most widely followed valuation reference. As more professional associations than ever offer valuation education and credentials, this Fourth Eidtion - with 10 new chapters that significantly expand the book's scope - promises to appeal to an even broader market. This easy-to-use reference features increased emphasis on vlauation court cases and decisions; new information on arbitration and mediation; updated data on stock option valuation; and much more.
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| Customer Reviews: Read 6 more reviews...
 A bit hard to understand December 1, 2004
3 out of 3 found this review helpful
I had an older edition of this book, which wasn't very helpful, so I bought the new one hoping it was an improvement, but came away rather disappointed because, for an instructional manual, this one is hard to follow. Apparently, the authors have been in the valuation business for a long time, but it's not always easy to translate experience effectively into words. For most, this is a how-to project with potentially big consequences, so the instructions should be more clear than this. I liked "Unlocking the Value of Your Business" as an alternative. Once I read that book, I understood better what these guys were talking about.
 This is a Terrific Resource for Practitioners Not Investors September 15, 2004
9 out of 9 found this review helpful
I am a lawyer who has tried valuation cases and this book is a terrific resource for valuation experts and attorneys. I used it to defend and to attack witnesses. It is respected. It is used at the Federal Judicial Center as training for judges on these issues. It is not at all appropriate for people who are trying to value companies for investment purposes.
 Super January 8, 2003
0 out of 5 found this review helpful
This book, guide, reference, ... or what ever you name it. is essential for all business, financial and investment guides.
An Excellent Private Equity Valuation Primer April 8, 2002
6 out of 6 found this review helpful
I have found Mr. Pratt's book to be an outstanding and practical general reference guide to valuing privately-held businesses. Due to the book's breadth of material and balanced focus on both the science and art of valuation, I have found "Valuing A Business" to be an excellent professional reference for anyone entering the field of business valuation. I highly recommend it.In addition to the common "science side" valuation techniques, issues, and approaches that are found in many valuation textbooks, Pratt provides unique, valuable insight into the "art side" of valuation. The book also includes real life project execution considerations for litigation support, expert witness testimony, and taxation. "Valuing A Business" offers solid information to assist a practitioner in building a quality framework for conducting a comprehensive private company valuation.
Good technique, directed at the professional practitioner October 18, 2001
28 out of 29 found this review helpful
I take issue with the reviewer who suggested that Tom Copeland/McKinsey's book "Valuation" is better than this one or is more directed at valuaing big businesses. ... On the other hand, it should be said that valuation techniques do not differ between big companies and small companies (especially if big/small companies are publically traded). Valuation techniques vary depending on (a) what sort of asset is being valued (public equity, vs. private equity, vs. business assets as a whole, etc) and (b) why valuation is being done (for M&A, litigation between business partners, divorce, ESOPs, for equity investment/divestment). If an investor is valuing a $50 Billion public company and a $50 million public company, the technique used for both is (probably) the same. If anything, this book does an excellent job in reminding us of the diversity of valuation techniques in use, and the diversity of reasons for doing valuations. Given the frequency with which privately held companies are bought, one would think that knowing how to value companies whose stock is not publically traded is useful for general businesspeople, not just accountants and attorneys. But if you absolutely insist that you just want to know how to value publically traded companies and don't give a hoot for calculating "private equity discounts" or "minority shareholder discounts", then I would recommend Aswath Damodaran's books "Damodaran on Valuation", "The Dark Side of Valuation" or "Investment Valuation". Damodaran, professor of Finance at NYU, actually uses the same techniques taught here, but applied to public equity investing and with different names (for example, what is called the "Market approach" here is just what Damodaran calls "relative valuation" in a different context).
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