2016 Valuation Handbook - Guide to Cost of Capital

  • $285.00-$355.00
    2016 Valuation Handbook - Guide to Cost of Capital Vendor Product Product #: PBV1601P
    AICPA Member: $285.00
    Non-Member: $355.00

Duff & Phelps is now providing the data previously in the SBBI Valuation Yearbook, as well as data from the Risk Premium Report, in this handbook - all to help you estimate the cost of equity capital for a subject company.

This Valuation Handbook contains all of the “key variables in estimating the cost of capital,” including:

  • Yields
    • Long-term (20-year) U.S. Treasury Coupon Bond Yield
  • Equity Risk Premium
    • Long-horizon expected “historical” equity risk premium
    • Long-horizon expected “supply side” equity risk premium
  • Size Premium
    • CRSP Mid-Cap, Low-Cap, and Micro-Cap size premia
    • CRSP Deciles 1 through 10 size premia
    • Size premia for the breakdown of CRSP Decile 10 into 10a (and its subdeciles 10w and 10x) and 10b (and its subdeciles 10y and 10z)
  • Industry Risk Premium
    • Industry risk premia (IRPs) for use in the build-up method (previously found in Table 3-5 in the SBBI Valuation Yearbook).

This Valuation Handbook also includes all of risk premia and size premia (for up to eight different measures of “size”) previously published in the Duff & Phelps Risk Premium Report, including:

  • Size Study
    Analyzes the relationship between equity returns and company size, using up to 8 measures of company size (market value of common equity, book value of common equity, 5-year average net income, market value of invested capital (MVIC), total assets, 5-year average EBITDA, sales, and number of employees).
  • Risk Study
    Analyzes the relationship between equity returns and accounting-based fundamental risk measures
  • High-Financial-Risk Study
    Analyzes the relationship between equity returns and high-financial-risk, as measured by the Altman z-Score.

Who Will Benefit

  • All accounting and finance professionals working in the area of valuation


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About the Authors

Duff & Phelps

About the Publisher

John Wiley and Sons

Wiley, a global company, helps people and organizations develop the skills and knowledge they need to succeed. Our online scientific, technical, medical, and scholarly journals, combined with our digital learning, assessment and certification solutions help universities, learned societies, businesses, governments and individuals increase the academic and professional impact of their work. For more than 200 years, we have delivered consistent performance to our stakeholders. The Company's website can be accessed at www.wiley.com