Resources on Valuation of Companies

Here are some excellent valuation resources as originally compiled by the team at Clark Square Capital. 

1. The P/E Ratio: A User’s Manual –  Steven Bleiberg and William W. Priest, CFA, Epoch Investment Partners (2019)
2. Getting ROIC Right: How an Accurate View of ROIC Can Drive Improved Shareholder Value  – EY, New Constructs
3. What Does a Price-Earnings Multiple Mean? – Michael Mauboussin, Credit Suisse (2014)
4. What Does an EV/EBITDA Multiple Mean? – Michael Mauboussin, Blue Mountain Capital (2018)
5. Calculating Return on Invested Capital: How to Determine ROIC and Address Common Issues – Michael Mauboussin, Credit Suisse (2014)
6. Thoughts on Valuation – Michael Mauboussin, CSFB (1997)
7. Equity Valuation – Understanding What’s Important, Goldman Sachs (2009)
8. Primer on the ROIC Valuation Framework – Bear Stearns (2004)
9. Common Errors in DCF Models– Michael Mauboussin, Legg Mason (2006)
10. Valuation Multiples: A Primer – UBS (2001)
11. DCF Methodology – Bear Stearns (2005)
12. Thoughts on Valuation II: An Epistemological View – Michael Mauboussin, CSFB (2001)
13. Valuation resources – Professor Damodaran.
14. Valuing Subscription-Based Businesses Using Publicly Disclosed Customer Data – Daniel McCarthy, Peter Fader, and Bruce Hardie
15. Networking Industry: Does Valuation Matter? – Robertson, Stephens, & Company (1997)
16. Finding the Right P/E Multiple – Or How to Handicap a Stock – Geoff Gannon of Focused Compounding (2017)
17. The Math of Value and Growth – Michael Mauboussin, Consilient Observer at Morgan Stanley (2020)
18. Mind Matters: The Dangers of DCF – James Montier, Societe Generale (2008)
19. The Trouble with Earnings and P/E Multiples – Rappaport and Mauboussin, (2001)
20. Calculating Incremental ROIC’s – Hayden Capital (2017) 
21. Questions About ROIC & Valuation – Intrinsic Investing (2016)
22. The Role of Growth in Achieving Superior Value Creation – The Boston Consulting Group (2006) 
23. Thinking Competitive Advantage Periods – Bill Mahoney (2002) 
24. M&M on valuation – Michael Mauboussin (2005)
25. WACC and Vol: Valuation for Companies with Real Options – Michael Mauboussin (2020)