{"product_id":"2017-valuation-handbook-u-s-guide-to-cost-of-capital-9781119367123","title":"2017 Valuation Handbook - U.S. Guide to Cost of Capital","description":"\u003cp\u003e • Author(s): Roger J. Grabowski\u003cbr\u003e • Publisher: Wiley\u003cbr\u003e • Publisher Imprint: Wiley\u003cbr\u003e • BISAC: Corporate Finance - Valuation\u003c\/p\u003e\u003cp\u003e\u003cb\u003eEnsure that you're using the most up-to-date data available: Buy the \u003ci\u003e\u003ca href=\"http:\/\/www.wiley.com\/WileyCDA\/WileyTitle\/productCd-1119367166.html\"\u003e2017 Valuation Handbook – U.S. Guide to Cost of Capital + Quarterly PDF Updates\u003c\/a\u003e\u003c\/i\u003e together!\u003cbr\u003e\u003cbr\u003eThe New Industry Standard in Business Valuation Reference Materials\u003cbr\u003e\u003cbr\u003e\u003c\/b\u003e\u003ci\u003e2017 Valuation Handbook – U.S. Guide to Cost of Capital\u003c\/i\u003e provides the key annual valuation data previously published in (i) the now discontinued Morningstar\/Ibbotson \u003ci\u003eSBBI Valuation Yearbook\u003c\/i\u003e (discontinued in 2013), and (ii) the Duff \u0026amp; Phelps Risk Premium Report Study (no longer published as a stand-alone publication).\u003cbr\u003e\u003cbr\u003eThe size premia data previously published in the \u003ci\u003eSBBI Valuation Yearbook\u003c\/i\u003e is referred to as the \"CRSP Deciles Size Premia\" exhibits in the new \u003ci\u003e2017 Valuation Handbook – U.S. Guide to Cost of Capital\u003c\/i\u003e, while the size and risk premia data published in the Duff \u0026amp; Phelps Risk Premium Report\u003ci\u003e \u003c\/i\u003eStudy has been published annually since 1996 and, like the former \u003ci\u003eSBBI Valuation Yearbook\u003c\/i\u003e\u003ci\u003e, \u003c\/i\u003eprovides data and methodology that can be used to develop cost of equity capital estimates using (i) the build-up method and (ii) the capital asset pricing model (CAPM).\u003cbr\u003e\u003cbr\u003eThe \u003ci\u003e2017 Valuation Handbook – U.S. Guide to Cost of Capital\u003c\/i\u003e includes data through December 31, 2016, and is intended to be used for 2017 valuation dates.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eFor more information about Duff \u0026amp; Phelps valuation data resources published by Wiley, please visit \u003ca href=\"http:\/\/www.wiley.com\/go\/valuationhandbooks\"\u003ewww.wiley.com\/go\/valuationhandbooks\u003c\/a\u003e.\u003cbr\u003e\u003cbr\u003e\u003c\/b\u003e\u003cb\u003eAlso Available\u003c\/b\u003e\u003cbr\u003e  *\u003ca href=\"http:\/\/www.wiley.com\/WileyCDA\/WileyTitle\/productCd-1119366925.html\"\u003e2017 Valuation Handbook – U.S. Industry Cost of Capital\u003c\/a\u003e *\u003ca href=\"http:\/\/www.wiley.com\/WileyCDA\/WileyTitle\/productCd-1119366763.html\"\u003e2017 Valuation Handbook – International Guide to Cost of Capital\u003c\/a\u003e *\u003ca href=\"http:\/\/www.wiley.com\/WileyCDA\/WileyTitle\/productCd-1119366739.html\"\u003e2017 Valuation Handbook – International Industry Cost of Capital\u003c\/a\u003e  \u003cb\u003eKey Features\u003c\/b\u003e\u003cbr\u003e  *\u003cb\u003eKey cost of capital inputs: \u003c\/b\u003eThe \u003ci\u003e2017 Valuation Handbook – U.S. Guide to Cost of Capital\u003c\/i\u003e provides the key inputs needed for developing the cost of equity capital (i.e., \"discount rate\") for use in estimating the value of a subject business, business ownership interest, security, or intangible asset. Inputs provided include: equity risk premia, size premia, risk premia over the risk free rate, full-information industry betas, industry risk premia, and the risk-free rate. *\u003cb\u003eDiscussion of topics that come up most when performing valuation analysis: \u003c\/b\u003eThe \u003ci\u003e2017 Valuation Handbook – U.S. Guide to Cost of Capital\u003c\/i\u003e includes straightforward discussions about: (i) valuation theory, (ii) the differences between the various cost of capital estimation models (build-up, CAPM, Fama-French), (iii) understanding the basic building blocks of cost of equity capital (the risk-free rate, the equity risk premium, the size premium, beta, the industry risk premium, the company-specific risk premium), (iv) whether to \"normalize\" risk-free rates or not, (v) a detailed comparison of the CRSP Deciles Size Premia Study (the former \u003ci\u003eSBBI Valuation Yearbook\u003c\/i\u003e\u003ci\u003e \u003c\/i\u003edata) and the Risk Premium Report Study,\u003ci\u003e \u003c\/i\u003eand more. *\u003cb\u003eEasy-to-follow examples: \u003c\/b\u003eThe \u003ci\u003e2017 Valuation Handbook – U.S. Guide to Cost of Capital\u003c\/i\u003e is packed with easy-to-understand examples for properly using the data to develop levered, unlevered, and even \"high-financial-risk\" cost of equity capital estimates using various build-up methods and CAPM.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Hardcover","offer_id":45201324736663,"sku":"9781119367123","price":19586.0,"currency_code":"INR","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0666\/3471\/1191\/files\/9781119367123.webp?v=1769207727","url":"https:\/\/atlanticbooks.com\/products\/2017-valuation-handbook-u-s-guide-to-cost-of-capital-9781119367123","provider":"Atlantic Books","version":"1.0","type":"link"}