FOR THIRTY YEARS McKINSEY HAS BEEN A TRUSTED GUIDE TO TEACHING CORPORATE VALUATION Valuation, University Edition, Seventh Edition contains the expert guidance from McKinsey & Company that students and professors have come to rely on. New to the fully revised and updated Seventh Edition: - New case studies that clearly illustrate both the economics of value creation and the process of measuring value - Clarifies the distinction between creating shareholder value and maximizing short-term profits - Explores in greater depth the factors that drive long-term value creation For thirty years Valuation has remained true to its basic principles and continues to offer a step-by-step approach to valuation, including: - Analyzing historical performance - Forecasting performance - Estimating the cost of capital with practical tips - Interpreting the results of a valuation in light of a company's situation - Linking a company's valuation multiples to the core drivers of its performance The University Edition contains End-of-Chapter Review Questions that help students master key concepts from each chapter. Wiley also offers an Online Instructor's Manual with a full suite of learning resources for professors and students. McKINSEY & COMPANY is a global management-consulting firm that serves across a wide range of industries and functions.