Book description
A comprehensive look at the equity valuation process
With the Second Edition of Equity Asset Valuation, the
distinguished team of Jerald Pinto, Elaine Henry, Thomas Robinson, and
John Stowe, fully update information associated with this important
discipline. Blending theory with practice, they detail the
contemporary techniques used to determine the intrinsic value of an
equity security, and show you how to successfully apply these
techniques in both foreign and domestic markets.
Unlike alternative works in this field, the Second Edition of
Equity Asset Valuation clearly integrates finance and
accounting concepts into the discussion-providing the evenness of
subject matter treatment, consistency of notation, and continuity of
topic coverage that is so critical to the learning process.
- Addresses essential issues in this arena, including the equity
valuation process, discounted dividend valuation, free cash flow
valuation, and residual income valuation
- Each author brings his own unique experiences and perspectives
to the equity analysis process
- Distills the knowledge, skills, and abilities you need to
succeed in today's fast-paced financial environment
- Companion Workbook also available
Valuable for classroom study, self-study, and general reference, this
book contains clear, example-driven coverage of many of today's most
important valuation issues.
JERALD E. PINTO, PHD, CFA, is Director,
Curri-culum Projects, in the Education Division at CFA Institute.
Before coming to the CFA Institute in 2002, he consulted to
corporations, foundations, and partnerships in investment planning,
portfolio analysis, valuation, and quantitative analysis. Pinto also
worked in the investment and banking industries in New York and taught
finance at NYU's Stern School of Business. He holds an MBA from Baruch
College, a PhD in finance from the Stern School, and is a member of
CFA Virginia.
ELAINE HENRY, PHD, CFA, is an Assistant Professor of Accounting
at the University of Miami, where she teaches courses in accounting,
financial statement analysis, and valuation. After working in
corporate finance at Lehman Brothers, strategy consulting at McKinsey
& Company, and corporate banking at Citibank, she obtained a PhD
from Rutgers University where she majored in accounting and minored in finance.
THOMAS R. ROBINSON, PHD, CFA, CPA, CFP, is Managing Director of
the Education Division at CFA Institute. He joined the CFA Institute
as head of educational content in 2007 from the University of Miami,
where he was an associate professor of accounting and director of the
Master of Professional Accounting Program. Robinson was also
concurrently managing director of a private wealth investment advisory
firm. He was active locally and nationally with CFA Institute prior to
joining the staff.
JOHN D. STOWE, PHD, CFA, is O'Bleness Chair Professor of
Finance at Ohio University. He previously served as Head of Curriculum
Development and Director of Exam Development at the CFA Institute.
Stowe has also been professor of finance and associate dean at the
University of Missouri-Columbia, where he taught investments and
corporate finance. Stowe has won several teaching awards and has
published frequently in academic and professional journals in finance.
He is also coauthor of a college-level textbook in corporate finance.
Stowe earned his BA from Centenary College and his PhD in economics
from the University of Houston. He obtained his CFA charter in 1995.
