2017 Valuation Handbook – U.S. Guide to Cost of Capital

<b>Ensure that you’re using the most up-to-date data available: Buy the <i><a href=”http://www.wiley.com/WileyCDA/WileyTitle/productCd-1119367166.html”>2017 Valuation Handbook – U.S. Guide to Cost of Capital + Quarterly PDF Updates</a></i> together!<br /><br />The New Industry Standard in Business Valuation Reference Materials<br /><br /></b><i>2017 Valuation Handbook – U.S. Guide to Cost of Capital</i> provides the key annual valuation data previously published in (i) the now discontinued Morningstar/Ibbotson <i>SBBI Valuation Yearbook</i> (discontinued in 2013), and (ii) the Duff & Phelps Risk Premium Report Study (no longer published as a stand-alone publication).<br /><br />The size premia data previously published in the <i>SBBI Valuation Yearbook</i> is referred to as the “CRSP Deciles Size Premia” exhibits in the new <i>2017 Valuation Handbook – U.S. Guide to Cost of Capital</i>, while the size and risk premia data published in the Duff & Phelps Risk Premium Report<i> </i>Study has been published annually since 1996 and, like the former <i>SBBI Valuation Yearbook</i><i>, </i>provides 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).<br /><br />The <i>2017 Valuation Handbook – U.S. Guide to Cost of Capital</i> includes data through December 31, 2016, and is intended to be used for 2017 valuation dates.<br /><br /><b>For more information about Duff & Phelps valuation data resources published by Wiley, please visit <a href=”http://www.wiley.com/go/valuationhandbooks”>www.wiley.com/go/valuationhandbooks</a>.<br /><br /></b><b>Also Available</b><br /> <ul> <li><a href=”http://www.wiley.com/WileyCDA/WileyTitle/productCd-1119366925.html”>2017 Valuation Handbook – U.S. Industry Cost of Capital</a></li> <li><a href=”http://www.wiley.com/WileyCDA/WileyTitle/productCd-1119366763.html”>2017 Valuation Handbook – International Guide to Cost of Capital</a></li> <li><a href=”http://www.wiley.com/WileyCDA/WileyTitle/productCd-1119366739.html”>2017 Valuation Handbook – International Industry Cost of Capital</a></li> </ul> <b>Key Features</b><br /> <ul> <li><b>Key cost of capital inputs: </b>The <i>2017 Valuation Handbook – U.S. Guide to Cost of Capital</i> 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.</li> <li><b>Discussion of topics that come up most when performing valuation analysis: </b>The <i>2017 Valuation Handbook – U.S. Guide to Cost of Capital</i> 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 <i>SBBI Valuation Yearbook</i><i> </i>data) and the Risk Premium Report Study,<i> </i>and more.</li> <li><b>Easy-to-follow examples: </b>The <i>2017 Valuation Handbook – U.S. Guide to Cost of Capital</i> 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.</li> </ul>