The Valuation Book

The Valuation Book contains the tools needed by anyone who wants to make a robust valuation of a business.

No detailed prior knowledge of business valuation is required – the book covers everything you need to know, including how to read relevant parts of company accounts and the valuation tools (including DCF and multiples) that are used by professionals.

Written by academics who are also practitioners, The Valuation Book provides a unique mix of theory and practical application. It is designed around the authors’ experience of teaching thousands of people about valuation principles over the last two decades.

Short, accessible chapters with a consistent structure and layout allow readers to build up their knowledge step by step.

And the book is fully up to date, with accessible specialist chapters on integrating ESG into valuations, valuing immature companies, identifying flaws in valuation models, valuation for mergers and acquisitions, and more.

The Valuation Book is a comprehensive introductory valuation guide for investors, managers, accountants, lawyers and anyone else who needs to value a business.

Dr Kenneth Lee is a professor at Loughborough Business School in the UK. Prior to that he was an associate professorial lecturer at the London School of Economics and Political Science. Before academia Kenneth was a Managing Director & Head of European Equity Research at Barclays Capital. Prior to this he was also a Managing Director and a ranked accounting and valuation analyst at Citi Investment Research in London. Professor Lee is a Fellow of the Institute of Chartered Accountants, a member of the Institute of Taxation, a CFA Charterholder and holds a doctorate from Aston Business School. He has published in leading academic journals, including Contemporary Accounting Research, The British Accounting Review and European Management Review. He is co-author of two books: Financial Statement Analysis Under IFRS (2018, Financial Edge); and Company Valuation Under IFRS (2020, Harriman House).

The Valuation Book contains the tools needed by anyone who wants to make a robust valuation of a business.

No detailed prior knowledge of business valuation is required – the book covers everything you need to know, including how to read relevant parts of company accounts and the valuation tools (including DCF and multiples) that are used by professionals.

Written by academics who are also practitioners, The Valuation Book provides a unique mix of theory and practical application. It is designed around the authors’ experience of teaching thousands of people about valuation principles over the last two decades.

Short, accessible chapters with a consistent structure and layout allow readers to build up their knowledge step by step.

And the book is fully up to date, with accessible specialist chapters on integrating ESG into valuations, valuing immature companies, identifying flaws in valuation models, valuation for mergers and acquisitions, and more.

The Valuation Book is a comprehensive introductory valuation guide for investors, managers, accountants, lawyers and anyone else who needs to value a business.

The Valuation Book contains the tools needed by anyone who wants to make a robust valuation of a business.

No detailed prior knowledge of business valuation is required – the book covers everything you need to know, including how to read relevant parts of company accounts and the valuation tools (including DCF and multiples) that are used by professionals.

Written by academics who are also practitioners, The Valuation Book provides a unique mix of theory and practical application. It is designed around the authors’ experience of teaching thousands of people about valuation principles over the last two decades.

Short, accessible chapters with a consistent structure and layout allow readers to build up their knowledge step by step.

And the book is fully up to date, with accessible specialist chapters on integrating ESG into valuations, valuing immature companies, identifying flaws in valuation models, valuation for mergers and acquisitions, and more.

The Valuation Book is a comprehensive introductory valuation guide for investors, managers, accountants, lawyers and anyone else who needs to value a business.