Stock Valuation Using Multiples in Corporate Finance

Determining the intrinsic and relative worth of a business is a vital skill in corporate finance, investment analysis, and financial accounting. This comprehensive text-based course breaks down the mechanics of multiple-based valuation into straightforward, actionable concepts. You will gain a solid foundation in how equity analysts and corporate finance professionals price shares and evaluate entire companies using industry-standard multiples. What you'll learn: Understand core financial terminology and the principles of relative valuation; Calculate and interpret key equity multiples including Price-to-Earnings (P/E), Price-to-Book (P/B), and Price-to-Sales (P/S); Compute enterprise value multiples such as EV/EBITDA and EV/Sales to evaluate capital-neutral firm performance; Select and normalize comparable company sets to ensure accurate benchmarking; Apply adjustments for non-recurring items, differing accounting standards, and debt structures; Practice valuation calculations through structured written walkthroughs and real-world case scenarios. The curriculum begins with fundamental definitions and financial statement mechanics before progressing to step-by-step multiple calculations and peer-group analysis. Designed for beginners, accounting students, and finance professionals, this course requires no prior valuation experience. Start reading today to enhance your corporate finance and valuation skill set.