Asset Valuation

Lesson 1

Price and Value: The Foundation of Valuation

Distinguish market price from intrinsic value to understand why gaps create investment opportunities.

Lesson 2

Relative Valuation and Absolute Valuation

Compare market-multiple valuation with discounted-cash-flow valuation.

Lesson 3

P/E, P/B, EV/EBITDA, and When to Use Them

Understand the meaning, calculation, and appropriate context for common valuation multiples.

Lesson 4

WACC and Cost of Capital

Determine weighted average cost of capital as a discount rate in valuation models.

Lesson 5

Multi-Scenario DCF and Sensitivity Analysis

Build a DCF model with multiple assumptions and test the sensitivity of estimated value.

Lesson 6

Growth-Company Valuation

Evaluate high-growth companies based on reinvestment, competitive advantage, and future cash flow.

Lesson 7

Valuation Across Economic Cycles

Adjust profit and margin assumptions based on where the business sits in the cycle.

Lesson 8

What Expectations Is the Market Pricing In?

Analyze the growth and profit expectations already reflected in the current price.

Lesson 9

Margin of Safety and Valuation-Error Management

Set a margin of safety to reduce risk from assumption errors and market volatility.

Lesson 10

Limits and Errors in Valuation

Identify model limitations and common sources of valuation error.

Lesson 11

From Valuation to Capital Allocation Decisions

Convert valuation outputs into buy, hold, or capital-allocation decisions.