Advanced Valuation

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

Advanced Valuation

$1,936.00 $2,200.00 Save $264.00

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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.

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. 24

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

Week 2: Aug. 31

  • The Risk Free Rate
  • The Equity Risk Premium
  • Relative Risk Measures
  • The Costs of Debt and Capital

Week 3: Sept. 7

  • Estimating Cash Flows
  • Estimating Growth
  • Live Online Meetup 1: Tuesday, Sept. 8, 1:00pm ET

Week 4: Sept. 14

  • Terminal Value
  • Value Enhancement
  • Quiz 1: Friday, Sept. 18

 

Week 5: Sept. 21

  • Loose Ends 1: From Asset Value to Equity Value
  • Loose Ends 2: Acquisition Ornaments
  • Live Online Meetup 2: Tuesday Sept. 22, 1:00pm ET

Week 6: Sept. 28

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

Week 7: Oct. 5

  • The Pricing Imperative: Relative Valuation
  • The Most-Used Multiple: PE Ratio
  • Live Online Meetup 3: Tuesday Oct. 6, 1:00pm ET

Week 8: Oct. 12

  • Other Earnings Multiples
  • Book Value Multiples
  • Quiz 2: Friday, Oct. 16

 

Week 9: Oct. 19

  • Revenue Multiples and Mopping Up
  • Asset Based Valuation
  • Live Online Meetup 4: Tuesday, Oct. 20 1:00pm ET

Week 10: Oct. 26

  • Private Company Valuation
  • The Essence of Real Options

Week 11: Nov. 2

  • The Option to Delay
  • The Option to Expand & Abandon
  • Live Online Meetup 5: Tuesday, Nov. 3 1:00pm ET

Week 12: Nov. 9

  • Valuing/Pricing Start-Ups & Young Companies
  • Valuing/Pricing Declining & Distressed Companies
  • Quiz 3: Friday, Nov. 13

 

Week 13: Nov. 16

  • Valuing/Pricing Financial Service Companies
  • Valuing/Pricing Cyclical & Commodity Companies

Week 14: Nov. 23

  • Valuation: Looking Back & Looking Forward

Week 15: Nov. 30

  • Live Online Meetup 6: Dec. 1, 1:00pm ET
  • Final Exam: Saturday, Dec. 5

Week 16: Dec. 7

  • Final Project due Friday, Dec. 11

Customer Reviews

Based on 22 reviews
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J
JACOBO ASENSI
Will You Take Action After Valuing a Company? This Course Brings You Closer to the Answer.

I come from a financial background, with several years of experience in finance and profitability across multiple financial institutions, as well as owning and operating a healthcare business.

I can confidently say that your financial education is not complete until you take Professor Damodaran's valuation course. The course broadens your perspective on global risks, country-specific considerations, and the implications of capital structure on value.

Ultimately, valuation is not just about arriving at a number. The real question is whether you will invest, hold, or exit an equity position. This course provides the framework and tools needed to answer that question with confidence.

Every investor develops a unique recipe for making decisions. Before creating your own, you must learn how to combine the right ingredients. This course is an excellent place to start.

A
Arturo Garza Gil
The best in class Business course offered globally!

I am very grateful to professor Damodaran and his staff for such phenomenal course he has given us that I really enjoyed. Without question, it is the best-in-class Investment valuation course offered globally as professor Damodaran is the best valuation authority worldwide! He combines incredible knowledge, wisdom and experience that he applies to real life examples resulting in an incredible learning experience for the class.

Just to give some examples, due to the course I have understood much better the main drivers of Intrinsic Valuation and specifically a concept that he teaches with amazing grace called Reinvestment, and how it relates to Growth. I also learned how to use Probability and Statistics in Relative valuation to obtain a price for an asset, which was very interesting. Applying Option theory to value investments is a topic I was not that familiar with and will start using in my profession. Finally, the lesson about recommendations on how to increase the value of your company was simply phenomenal.

Finally, the course is extremely well designed since it combines presentations, videos, lectures, articles, webcasts, blogs and online video conferences with Professor Damodaran, all of which make the course very dynamic and extremely attractive.

It is a course that will greatly benefit investment analysts, business owners, CEOs, CFOs and executives from M&A, Financial Planning, Business Development, Strategic Planning and Corporate Finance of any company.

Thank you!

Z
Zoheir Haider
Valuation Beyond the Numbers: Mastering Strategy, Story, and Bias

For finance professionals operating within Corporate FP&A, business performance is often measured against static budgets, internal forecasts, and variance analysis. Taking Professor Aswath Damodaran’s Valuation course has fundamentally changed this paradigm, forcing me to view corporate performance through the prism of valuation.
It is not merely a course on modeling. Rather, it is a masterclass in corporate dissection, strategic narrative, and intellectual honesty. The most profound revelation of the course is that a true valuation is neither a cold, standalone spreadsheet nor a loose piece of creative storytelling. Instead, it requires constructing the right set of data and embedding those numbers seamlessly into a strong, cohesive storyline. The story drives the numbers, and the numbers discipline the story. Simultaneously, Professor Damodaran forces participants to confront a harsh truth: valuation is an exercise in managing our own preconceptions and unearthing the biases that can so easily distort true value.
For an FP&A professional like me working across multiple industry verticals, this course provides an invaluable toolset to disassemble any business into its constituent parts. I learned to deeply analyse diverse business models, evaluate operational and capital efficiency, dissect complex capital structures, and track exactly how effectively a company reinvests its generated cash back into the business for expansion.
This depth is driven by the unique teaching philosophy of the course. Professor Damodaran does not allow his students to passively absorb information. Through relentless, probing questions, he implores us to dig deeper into the data. Rather than accepting metrics at face value, he teaches us how to control for cross-industry differences, identify where a company sits in its corporate lifecycle, and establish the structural reasons behind the numbers.
Ultimately, this course bridges the gap between accounting reality and corporate strategy. For anyone in FP&A or corporate finance, it transforms valuation from a mechanical exercise into a vital craft. It has equipped me to look at any business, regardless of the industry vertical, and truly understand how value is created, protected, and destroyed.

A
Akshit Sharma
amazing course, i used the youtube lectures of mba by prof. damodaran as complimentary

amazing course

A
Andy Crowe
A detailed and rewarding short course

I had long admired Professor Damodaran’s work and was pleased to discover and complete this course in the fall of 2025. It was more challenging and required greater time commitment than I initially expected, but that ultimately made it more rewarding. The content was engaging and pushed me to develop a deeper, more rigorous understanding of business valuation. The capstone project was an excellent way to apply the concepts to a real company, and I look forward to putting this knowledge to use both personally and professionally.