Amazon cover image
Image from Amazon.com

Financial statement analysis and security valuation

By: Material type: TextTextPublication details: Boston McGraw-Hill/ Irwin 2004Edition: 2nd edDescription: xxii, 740 pISBN:
  • 9780072533170
Subject(s): DDC classification:
  • 657.3
Summary: Financial Statement Analysis and Security Valuation teaches students to view a firm through its financial statements and to carry out the appropriate financial statement analysis to value the firm's debt and equity. The 4th edition works from a conceptual framework that helps the reader understand how businesses work, how they generate value and how the value they generate is captured in financial statements. Key Features: This edition emphasizes the role of financial statement analysis in "negotiating with Mr. Market" over the price to pay for securities (to use the words of Benjamin Graham). Students will be able to understand how earnings forecasts relate to value, reverse engineer the market price to understand the forecast that Mr. Market is making and then challenge that forecast with sound financial statement analysis. With the bubble valuation of the 1990s as a backdrop, earlier editions emphasized the danger of buying overpriced shares. With multiples falling below historical benchmarks during the credit crisis of the fall of 2008, this edition applies the same analysis to evaluating underpricing. Each text part is a distinct module, allowing the parts to be taught out of order without inconveniencing the instructor.
Tags from this library: No tags from this library for this title. Log in to add tags.
Star ratings
    Average rating: 0.0 (0 votes)
Holdings
Item type Current library Item location Shelving location Call number Status Date due Barcode
Books Vikram Sarabhai Library Rack 34-B / Slot 1831 (2nd Floor, East Wing) General Stacks 657.3 P3F4/2004 (Browse shelf(Opens below)) Available 155477

Financial Statement Analysis and Security Valuation teaches students to view a firm through its financial statements and to carry out the appropriate financial statement analysis to value the firm's debt and equity. The 4th edition works from a conceptual framework that helps the reader understand how businesses work, how they generate value and how the value they generate is captured in financial statements.

Key Features:

This edition emphasizes the role of financial statement analysis in "negotiating with Mr. Market" over the price to pay for securities (to use the words of Benjamin Graham). Students will be able to understand how earnings forecasts relate to value, reverse engineer the market price to understand the forecast that Mr. Market is making and then challenge that forecast with sound financial statement analysis.

With the bubble valuation of the 1990s as a backdrop, earlier editions emphasized the danger of buying overpriced shares. With multiples falling below historical benchmarks during the credit crisis of the fall of 2008, this edition applies the same analysis to evaluating underpricing.

Each text part is a distinct module, allowing the parts to be taught out of order without inconveniencing the instructor.

There are no comments on this title.

to post a comment.