课程: Interview Tips for Finance Professionals
今天就开通帐号，24,600 门业界名师课程任您挑！
How to approach this question
- Company valuation is integral to investment banking. Answering this question right or wrong can make or break your interview. So let's first review the three primary valuation methods. Number one, the multiples approach. This is the approach also referred to as comps on the street. This is when you multiply the earnings of the company by the P/E ratio of the industry in which it competes. That's a mouthful. Other ratios can be used as well. For example, when answering this question, you will want to define the valuation method, then add on an example. Number two, the transactions approach. This is the approach also referred to as precedence on the street. This is where you compare the company to other companies that have recently been sold or acquired in the same industry. So let's just say that you're doing an analysis on the potential acquisition of a company. You would scour public records for reasonable estimates of multiples or premiums that others may have paid in transactions…
下载课程离线学习
下载课程到移动设备，轻松离线学习。在领英学习 iOS 或安卓版 APP 下载课程