PRAISE FOR VALUATION

"The book's clarity and comprehensive coverage make it one of the best practitioners' guides to valuation."
—Financial Times

"Valuation . . . is a reminder of why shareholder value is still the most powerful idea in business and why many criticisms thrown at it are unfair."
—The Economist

"A 'how to' guide for corporate executives who want to get at the unrealized shareholder values trapped in public companies."
—The New York Times

"Cuts through the clutter and confusion to focus executives on what really drives value creation."
—Fernando Tennenbaum, CFO, AB InBev

"Clearly articulates both the principles and practical applications of creating value."
—John Graham, D. Richard Mead Professor of Finance, Fuqua School of Business, Duke University

"The best valuation book just got better. It is required reading for all executives."
—Benjamin C. Esty, Roy and Elizabeth Simmons Professor of Business Administration, Harvard Business School

"The bible in its field. Anyone wanting to understand what drives corporate value should read this latest edition."
—Dr. Raymond Breu, retired CFO, Novartis AG

The Valuation DCF Model, 7th Edition is a vital companion to the seventh edition of Valuation, containing an expert guide and the renowned discounted cash flow (DCF) valuation model developed by McKinsey's own finance practice. The DCF Model can be used to value real companies in real-world situations, and includes detailed instruction and expert guidance on how to use it. The advantage of the ready-made model is that allows users to focus on analyzing a company's performance instead of worrying about computation errors.