Price is what the market asks today; value is what a business is really worth. Intrinsic Worth gives the individual investor the tools to tell the two apart. Across eleven chapters it walks through the main valuation methods used by professionals, from discounted cash flows and comparable and historical multiples to the PEG ratio, the dividend discount model, asset-based approaches such as NAV and sum-of-the-parts, real options, Monte Carlo simulation, adjusted present value and sector-relative valuation. Each method is explained with everyday examples, its strengths and blind spots, and the situations where it works best. Written for curious non-experts who manage their own savings, hold stock options or simply want to understand why some companies trade at prices others never reach, this book turns valuation from an intimidating specialty into a practical, repeatable skill.
Price is what the market asks today; value is what a business is really worth. Intrinsic Worth gives the individual investor the tools to tell the two apart. Across eleven chapters it walks through the main valuation methods used by professionals, from discounted cash flows and comparable and his...