Equity Asset Valuation

Equity Asset Valuation
by Dennis W. McLeavey CFA, Jerald E. Pinto CFA, John D. Stowe CFA, Thomas R. Robinson CFA

Equity Asset Valuation
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Book Summary Information

Author: Dennis W. McLeavey CFA, Jerald E. Pinto CFA, John D. Stowe CFA, Thomas R. Robinson CFA
Edition: Hardcover
Audio: English (Unknown); English (Original Language); English (Published)
Published: 2007-01-22
ISBN: 0470052821
Number of pages: 336
Publisher: Wiley
Accessories:

Book Reviews of Equity Asset Valuation

Book Review: Excellent book
Summary: 5 Stars

This was one of the better finance books I've come across and a definite keeper for reference. Instead of mindless rambling or chocked full of jargon, the material was concise yet contained enough detail to cover all aspects of equity valuation that one might need to know suitable for the CFA Level II prep. But even for laypeople who have no intention of taking the CFA, this book will be very easily understandable with just a rudimentary background in basic finance theory.

The layout is very logical, basically covering the four important aspects of equity valuation: DDM, Free cash flow models, price multiples, and residual income. Under each of these, the reading builds up to form a bigger picture of what needs to be understood. Examples are very clear and do not rely on specific methods of solving, such as being only relegated to math equations, spreadsheets, or financial calculators. You basically can approach any of the problems in whatever way you want. The emphasis is on understanding rather than route "do it my way" methods. The book appears to have been very well proofread, so you don't find numerical errors that can make you pull your hair out as with other books.

There is also a workbook for this series but at my time of writing, it has yet to be released. When it is out, I would give this book series six stars in strength.

Summary of Equity Asset Valuation

"Here is an essential tool for the investor: clear, practical, insightful, and concise. This book should have a long, useful life in a professional's library."
?Jeffrey P. Davis, CFA, Chief Investment Officer, Lee Munder Capital Group

"This book provides a clear, comprehensive overview of equity valuation concepts and methods. It is well suited for finance practitioners who want to strengthen their understanding of equity asset valuation and as a supplemental reading in advanced undergraduate and graduate courses addressing security analysis and business valuation."
?Professor Robert Parrino, CFA, PhD, Department of Finance, Red McCombs School of Business, The University of Texas at Austin

"CFA Institute has done it again. This will be a 'must' reference book for anyone serious about the nuances of equity investment valuation."
?Robert D. Arnott, Chairman, Research Affiliates

"Equity Asset Valuation concisely and clearly explains the most widely used approaches to equity evaluation. In addition to thoroughly explaining the implementation of each valuation method, there is sophisticated discussion of the commonsense financial economics and accounting issues underlying the methods."
?David Blackwell, Head and RepublicBank/James W. Aston Professor of Finance, Mays Business School, Texas A&M University

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