For upper division undergraduate and MBA students as well as business professionals ,Seeing the economic realities of the modern corporation through an integrated approach.

Titman and Martin presents an integrated approach to both project and enterprise valuation, showing readers the economic realities that today’s modern corporations face. This text also goes beyond standard DCF analysis by including additional valuation methods that are commonly used in practice, such as comparables, simulations, and real options.

The second edition includes an increased emphasis on enterprise valuation, a new chapter on financial forecasting, and enhanced examples and illustrations.

Valuation: The Art and Science of Corporate Investment Decisions is the first textbook to offer an integrated approach to both project and enterprise valuation.