Rating: 
Summary: Practical and clear
Review: I am an MBA student in the midst of my summer internship trying to calculate the value of an international company. After borrowing this book from a coworker, I am ordering my own. It explains the material that my profesors were unable to impart to me this past year. I have never read a finance related book so clearly written and with plenty of examples to reinforce the concepts. Well organized, easy to read, easy to understand. Buy the book - skip the class!
Rating: 
Summary: Great book
Review: I did a hybrid IT and business course, and bought this book days before an exam for which I'd attended few lectures. Although it would be easy to make this subject boring, the authors write with authority and humanity without ever descending into chit chat. They don't try to inject meaningless extras to lighten the tone, they just know how to make readers care about the subject.I'm now a commissioning editor for an IT publisher (having done just fine in the exam) and keep this book on my desk to remind me of how boring subjects != boring books.
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Summary: The No. 1 Book on DCF Valuation
Review: I found Valuation to be far and away the best financial text book on DCF valuation techniques I've come across in 5 years as a security analyst.
Rating: 
Summary: The book is good for subjective decision making.
Review: I have read a lot of books on how to value companies. This book has given me some more insight as to how to measure the intrinsic value of a company. However, the book at times is vague and esoteric. It is not altogether easy to read. Overall it is an all right book.
Rating:
Summary: Adequate, but not Original
Review: I hoped that McKinsey would have something new to say on this subject. There are two corporate finance texts and various finance books that cover the ground better or at least as well, so it is hard to see why this book was written. In light of recent corporate shenanigans with off-balance sheet products, it is unforgiveable that this book doesn't address how lack of value can be disguised using off-balance sheet products. Total return swaps, an off-balance sheet financing tool, isn't discussed, and credit derivatives, another off-balance sheet tool aren't even discussed. For coverage of these topics and offshore vehicles, read "Credit Derivatives" by Tavakoli.
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Summary: Good but bad Excel support
Review: I liked this book. In Russia it is one of the most popular books on valuatuion. But when I can get the perfect excel support for Investment Valuation by Aswath Damodaran or good web support for Valuation Methods and Shareholder Value Creation by Pablo Fernandez, I ask the authors, why don't they put supporting material in disk? I think that the price of their sowtware ($94.50) is too high compairing with the book ($56 with discount), because there is no supporting materials - only 1 spreadsheet (from my point of view does not conform to McKinsey, as the leader of consulting business). I hope, for the 4-th edition we will have a good excel support.
Rating:
Summary: You Could Do Worse...Fairly Comprehensive
Review: I notice that the Tom Copeland book VALUATION sometimes gets trashed for being too basic. To its credit, it is the only introductory book I'm aware of that discusses the discounting of financial service companies. Although overpriced, it is probably worthwhile to buy the accompanying discounting spreadsheet template disk. Unfortunately, this disk, which should include a financial service company template, only addresses non-financial service firms. Considering the price, there is no excuse for this. Considering the fact that authors of discounting texts seem intentionally to neglect financial firms, the authors missed a big opportunity by overlooking such a template.
Rating:
Summary: Excellent book, but "not for beginners".
Review: I want to say something about this book that the other reviewers didn't see. The point is that this book is a "tecnical" book and should not be considered as Carl Sagan's books an "easy reading of something difficult for the common people". This means that if you want to buy this book just to take a look of what valuation is, you are waisting your time and money: you shoul go firt to the university and study a little before you do this. So, considering only the purpose of this book I can say that it's contents are excellent, and the only drawback is that it is absolutely theoretical. It should have contained more excersises. But that's it...........excellent.!!!!!!
Rating:
Summary: A comprehensive guide to business valuations
Review: I'd just like to thank you the authors for putting together this absolute masterpiece on business valuations. It has proved to be an invaluable guide for anybody interested in company valuations. The real asset of the book is its use of real-life scenerios which are clear, precise and to-the-point.
Rating:
Summary: A masterpiece on corporate valuations
Review: It was a pleasure to read this book! Very clear, pratical and comprehensive, sometimes i take it again to clarify my ideas and concepts. Is a masterpiece on the strategy to create and measure value in a corporation.Is also a clear guide on the DCF's method to valuate any enterprise.
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