4. Comparing Valuation Models

  1. Rawley Thomas and
  2. Benton E. Gup
  1. Thomas E. Copeland Ph.D.

Published Online: 6 DEC 2011

DOI: 10.1002/9781118268179.ch4

The Valuation Handbook: Valuation Techniques from Today's Top Practitioners

The Valuation Handbook: Valuation Techniques from Today's Top Practitioners

How to Cite

Thomas, R. and Gup, B. E. (2009) Comparing Valuation Models, in The Valuation Handbook: Valuation Techniques from Today's Top Practitioners, John Wiley & Sons, Inc., Hoboken, NJ, USA. doi: 10.1002/9781118268179.ch4

Publication History

  1. Published Online: 6 DEC 2011
  2. Published Print: 19 OCT 2009

ISBN Information

Print ISBN: 9780470385791

Online ISBN: 9781118268179

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Keywords:

  • valuation models;
  • adjusted present value;
  • discounted cash flow models;
  • corporate equity valuation model;
  • industrial companies

Summary

This chapter contains sections titled:

  • Literature Review

  • Brief Description of the Valuation Models That Are Compared

  • An Expert System That Does Valuation

  • Goodness of Fit: Initial Sample (1,395 Valuations, 1993 to 2000)

  • Tests of DCF in a Holdout Sample (New Sample 2000–2008)

  • Convergence Tests

  • Straw Man Horse Races (Comparison of Three Models)

  • Convergence

  • Conclusion

  • Notes

  • References