Understanding Business Valuation: A Practical Guide to Valuing Small to Medium-Sized Businesses

Rating:
Summary: Don't waste your money
Review: I own this book, and I've read most of it. It is a dud.

If you are a student of valuation of privately-owned business interests, don't waste your money on Trugman. He is probably a decent practitioner, but he is not the author you need to study.

Spend your money on Shannon Pratt or Chris Mercer. Read Aswath Damodaran. Read Copeland. You will get your money's worth with these authors.

Rating:
Summary: Great starter book especially for accountants
Review: The second edition of this book, just published, provides an easy to read introduction to both the standards and the methodology of valuing small and medium size companies. If you have an MBA in Finance from a top 20 B-school, Pratt would be a better read (although he must like reading encyclopedia), but Trugman address the professional concerns and requirements of the professional organizations (AICPA, NACVA, ASA, IBA) and provides hands-on applications and sample reports. I use this as a text book in a course in BV at the graduate level. It does not address large, publicly held corporate valuations, but that is not the niche he desires to address

Rating:
Summary: Great starter book especially for accountants
Review: The second edition of this book, just published, provides an easy to read introduction to both the standards and the methodology of valuing small and medium size companies. If you have an MBA in Finance from a top 20 B-school, Pratt would be a better read (although he must like reading encyclopedia), but Trugman address the professional concerns and requirements of the professional organizations (AICPA, NACVA, ASA, IBA) and provides hands-on applications and sample reports. I use this as a text book in a course in BV at the graduate level. It does not address large, publicly held corporate valuations, but that is not the niche he desires to address

Rating:
Summary: easy to read complex topics
Review: This book is an easy to understand text book that explains business valuation like nothing else does. The author brings his teaching style into a text book that for the first time uncomplicates the complicated.