2010 年出的新版，电子版： 麦肯锡公司出的：价值衡量与管理- 大学教程版, 第5版, 英文

Valuation: Measuring and Managing the Value of Companies, University Edition/5th Edition"
页数： 811 pages
文件： PDF，12 MB （解压后）


Part One Foundations of Value
1 WhyValueValue? 3
2 Fundamental Principles of Value Creation 17
3 The Expectations Treadmill 45
4 Return on Invested Capital 59
5 Growth 81
Part Two Core Valuation Techniques
6 Frameworks for Valuation 103
7 Reorganizing the Financial Statements 133
8 Analyzing Performance and Competitive Position 165
9 Forecasting Performance 187
10 Estimating Continuing Value 213
11 Estimating the Cost of Capital 235
12 Moving from Enterprise Value to Value per Share 273
13 Calculating and Interpreting Results 295
14 Using Multiples to Triangulate Results 313

Part Three Intrinsic Value and the Stock Market
15 Market Value Tracks Return on Invested Capital
and Growth 337
16 Markets Value Substance, Not Form 357
17 Emotions and Mispricing in the Market 381
18 Investors and Managers in Efficient Markets 397
Part Four Managing for Value
19 Corporate Portfolio Strategy 413
20 Performance Management 429
21 Mergers and Acquisitions 445
22 Creating Value through Divestitures 469
23 Capital Structure 489
24 Investor Communications 525
Part Five Advanced Valuation Issues
25 Taxes 543
26 Nonoperating Expenses, One-Time Charges, Reserves,
and Provisions 559
27 Leases, Pensions, and Other Obligations 575
28 Capitalized Expenses 593
29 Inflation 605
30 Foreign Currency 621
31 Case Study: Heineken 637
Part Six Special Situations
32 Valuing Flexibility 679
33 Valuation in Emerging Markets 713
34 Valuing High-Growth Companies 741
35 Valuing Cyclical Companies 755
36 Valuing Banks 765
Appendix A Economic Profit and the Key Value
Driver Formula 791
Appendix B Discounted Economic Profit Equals Discounted
Free Cash Flow 795

Appendix C Derivation of Free Cash Flow, Weighted
Average Cost of Capital, and Adjusted
Present Value 799
Appendix D Levering and Unlevering the Cost of Equity 805
Appendix E Leverage and the Price-to-Earnings Multiple 813
Index 817