Advanced Valuation

$1,936.00 $2,200.00 Save $264.00
Advanced Valuation

Advanced Valuation

$1,936.00 $2,200.00 Save $264.00

has been successfully added to your cart . Feel free to continue shopping or check out .

Overview

Whether it’s managing a portfolio, preparing for an imminent merger or acquisition, or marveling over the newest dollar figure attached to a tech wunderkind, valuation is the key to parsing and understanding the numbers. Taught by Professor Aswath Damodaran, one of the leaders in the field, Advanced Valuation is for analysts, financial officers, and portfolio managers seeking a deeper understanding of valuation, and the skills and knowledge to confidently make financial decisions.

Through video lectures, live online meetups, and a hands-on valuation project, students will learn how to estimate the value of any business, small or large, private or public, in a developed or an emerging market. They will also be able to price businesses using earnings, book value, revenue, or other pricing multiples and comparables.

This course includes a free bonus course for students looking to enhance their accounting skills: Essentials of Financial Accounting taught by NYU Stern Professor Amal Shehata.

 

Course Trailer



 


Online Learning Experience

Our online certificate courses are asynchronous with optional synchronous elements. Asynchronous activities are things you do independently, like watch videos and complete assignments, and interactions with others over time via email, discussion forums, collaborative documents, and other channels. Synchronous learning includes interacting with other students and faculty in real time. Our courses are designed by educational experts from our Learning Science Lab to deliver courses that are designed with attention to user experience, learning science, and video production to build immersive digital learning environments for business school education.



Software/Technical Requirements
  • Desktop or laptop computer (This program does not support mobile devices, including tablets and iPads)
  • A webcam and headset (preferred) or microphone for online meetups
  • Broadband/high-speed Internet (1.5 Mbps minimum/3 Mbps preferred) to ensure your ability to participate fully in online meetups
  • Operating System: Mac OS 10.14 or Windows 10 or later
  • Browser: Safari 12.0.2, Chrome 72.0.3626, Firefox 65.0.1, or Internet Explorer 11 or later


Certificates and Credits

This course is a non-credit, pass/fail program. To pass this course, you will need a cumulative score of at least 55%. Upon successful completion of this course, participants will receive the NYU Stern Certificate in Advanced Valuation.

Program Takeaways

During this course, participants will:

  • Business Value Estimation

    Gain the skills needed to estimate the value of any business, small or large, private or public, in a developed or an emerging market.
  • Pricing Methodologies

    Learn to use earnings, book value, revenue, or other pricing multiples and comparables to price any business.
  • Data-Driven Storytelling

    Grow your confidence with numbers and develop the storytelling skills you need to complement your numerical skills.

Who Should Attend

Although there are no formal education or background requirements, this course is designed for participants who meet the criteria below. While we strongly encourage global participation, please note that all courses are taught in English. Proficiency in written and spoken English is required.

  • Years of Experience

    Participants with all levels of work experience are welcome to attend
  • Job Functions

    Ideal for analysts, financial officers, and portfolio managers
  • Prerequisites

    Intended for individuals with knowledge of financial statement analysis, basic statistics, time value of money, and Microsoft Excel; additionally, students must have a desktop or laptop computer with an internet connection

Agenda

The following agenda is a sample and subject to change.

Live Online Meetup Dates

  • Live Online meetups for Spring 2025 are in the works. Dates here are examples from the Fall 2024 session.

Course Access

  • In order to access the course, you will receive login credentials via email on the start date of the course. Activation instructions for your login credentials will be provided.

Live Online Meetups with Faculty

  • Our live online meetups provide you with the opportunity to engage face-to-face with Professor Damodaran. Please note that all online meetups are recorded and available for your viewing at a later time. Missing a meetup will not impact your grade, however, we recommend attending all sessions.

Workload

  • Please expect to invest about 10 to 15 hours of your time per week to course lessons, exercises, and assignments.

Week 1: Aug 25, 2024

  • Course Introduction
  • Valuation: The Big Picture
  • Introduction to Intrinsic Value

Week 2: Sep. 1

  • The Risk Free Rate
  • The Equity Risk Premium
  • Relative Risk Measures
  • The Costs of Debt and Capital
  • Live Online Meetup 1: Tuesday, Sept 23 1:00 PM ET

Week 3: Sep. 8

  • Estimating Cash Flows
  • Estimating Growth

Week 4: Sep 15

  • Terminal Value
  • Value Enhancement
  • Quiz 1: Sep. 19

 

Week 5: Sep 22

  • Loose Ends 1: From Asset Value to Equity Value
  • Loose Ends 2: Acquisition Ornaments
  • Live Online Meetup 1: Sep. 24. 1pm

Week 6: Sep. 29

  • Loose Ends 3: Dilution & Illiquidity
  • Narrative to Numbers: Connecting Stories to Value

Week 7: Oct. 6

  • The Pricing Imperative: Relative Valuation
  • The Most-Used Multiple: PE Ratio
  • Live Online Meetup 2: Oct. 7, 1pm ET

Week 8: Oct. 13

  • Other Earnings Multiples
  • Book Value Multiples
  • Quiz 2: Oct. 17

 

Week 9: Oct. 20

  • Revenue Multiples and Mopping Up
  • Asset Based Valuation
  • Live Online Meetup 3: Oct. 21, 1pm ET

Week 10: Oct. 27

  • Private Company Valuation
  • The Essence of Real Options

Week 11: Nov. 3

  • The Option to Delay
  • The Option to Expand & Abandon
  • Live Online Meetup 4: Nov. 4, 1pm ET

Week 12: Nov. 10

  • Valuing/Pricing Start-Ups & Young Companies
  • Valuing/Pricing Declining & Distressed Companies
  • Quiz 3: Nov. 14

 

Week 13: Nov. 17

  • Valuing/Pricing Financial Service Companies
  • Valuing/Pricing Cyclical & Commodity Companies
  • Live Online Meetup 5: Nov. 18, 1pm ET

Week 14: Nov. 24

  • Valuation: Looking Back & Looking Forward

Week 15: Dec. 1

  • Live Online Meetup 6: Dec. 2, 1pm ET
  • Final Exam: Dec. 6

Week 16: Dec. 8

  • Final Project: Dec. 12

Customer Reviews

Based on 16 reviews
94%
(15)
6%
(1)
0%
(0)
0%
(0)
0%
(0)
B
Bodhisattwa Panigrahi
The Course That Changed How I See Finance

If you're unsure whether this course is right for you, let me offer an honest perspective. My understanding of finance and business was minimal — limited to having heard or read some intimidating "jargon" that only pushed me further away from the subject. I had mentally filed it under “for finance wizards only.”

Then, by sheer serendipity, I came across an interview with Professor Aswath Damodaran, and that led me to this course. Enrolling was a leap of faith — I had no background in finance or accounting and simply hoped the Professor would bridge the gap. And he absolutely does.

If you're diligent and willing to follow his concise lectures on accounting, statistics, and finance — supplemented by Professor Shehata’s excellent refreshers — you'll find yourself right at home. From there, it's all about valuation, and Professor Damodaran will guide and challenge you to build your own level of competence.

Learning from Professor Damodaran is truly a privilege. Kudos to NYU for making this world-class education accessible online.

N
Nitin Chaurasia
Just go for it

You’ll be learning from the God of Valuation Prof. Aswath Damodaran himself. And I honestly can’t emphasize that enough.

This course completely changed how I look at finance and business. It’s not just theory, it’s deeply applied. From intrinsic and relative valuation to valuing young startups, distressed firms, and even private companies—Prof teaches you how to value just about anything.

His depth of knowledge, honesty and ability to simplify complex ideas is unmatched. He’s wise, humble and fearless in teaching the truth. His feedback, his lessons, his approach shaped my thinking.

If you have some basic understanding of finance and want to truly master valuation, this course is a no-brainer.

Thank you, Prof. Aswath for inspiring millions like me.

I
Ioannis Koronias
An Outstanding, Practice-Oriented Valuation Program

The Advanced Valuation course by Professor Aswath Damodaran is a truly comprehensive and well-structured program. What sets it apart is its strong practical focus, bridging theory with real-world application across industries and geographies.
Professor Damodaran explains even the most complex valuation concepts with exceptional clarity and insight. His teaching style, combined with the wealth of material and hands-on approach, makes this course invaluable for anyone looking to deepen their expertise in valuation, M&A, or corporate strategy.
Highly recommended for professionals aiming to build a solid foundation and confidence in valuing businesses.

Ioannis Koronias, M.Sc, EMBA, FMVA
Athens, Greece

M
Mateo Buriticá Fernández
The dean of business valuation distills all his knowledge into a course.

You can truly see what a lifetime of experience and dedication to a specialized field can do. Damodaran’s ability to connect the principles of corporate finance, storytelling, and business strategy is incredible.

In this course, he provides a framework for analysts, bankers, strategists, investors, and managers to evaluate and identify opportunities along with the risks at every stage of a business. It guides us on which value drivers to focus on and where the surprises that could destroy a business might come from.

A must-do for both practitioners and academics in corporate finance and strategy.

F
Filip Zaleski
A Thorough and Nuanced Overview of the Art of Valuation

This course will exceptionally prepare you for valuing a business in any country and industry. Content is logically and seemlessly organized and it's easy to keep track of the progression of content. Perhaps most importantly, however, Prof. Damodaran offers incredibly interesting and pioneering insights from his elaborate experience with valuation; this all helps you deliver more representative and effective valuations.

I do recommend some prior knowledge of essentials in finance - I took an introductory finance course at university beforehand and found this to be an effective preparation to Prof. Damodaran's class.