Investment Valuation book cover by Aswath Damodaran
Book

Investment Valuation

Tools and Techniques for Determining the Value of Any Asset

Aswath Damodaran

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Investment Valuation is Aswath Damodaran's reference on how to value a business, a project, or another asset. ChartClub lists the January 2025 University Edition, fourth edition, the paperback whose cover file matches. A valuation model is a set of assumptions. It is not the future price.

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Listing facts checked 2026-10-10.

Author
Aswath Damodaran
Audience
Advanced
Publisher
Wiley
Year
2025
Pages
1136

Key takeaways

  • A valuation is the result of assumptions. The book does not make those assumptions true.
  • This record is the 2025 University Edition paperback, not the 2012 third edition.
Wiley lists this paperback as ISBN 9781394262731, January 2025, 1136 pages. The cover says Fourth Edition and University Edition, and the image file is the one Wiley attaches to this ISBN. Earlier editions, including the 2012 third edition, are different books and are not this record. The text is a catalog of models: cash flows, multiples, and the cases where each one breaks. The output is only as sober as the inputs. ChartClub does not treat a model in a textbook as evidence that an asset is cheap. This is a valuation manual for readers who will do the arithmetic. It is not a list of stocks to buy.

Tags

  • value-investing
  • process

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