Advantages: A completely revised, practice-oriented introduction to balance sheet and key figure analysis as well as company valuation. Ideal for those starting in company valuation.

About the work: Is a stock overvalued or undervalued? How should future prospects and key figures be assessed, and how can complex valuation models actually be applied in practice? This book presents company valuation in a practical, understandable, and applicable manner. More than 100 case studies provide a clear and comprehensible guide through the world of company valuation: key figure analysis and interpretation, business model analysis, company valuation, stock analysis. The book largely avoids complicated theoretical models and instead focuses on the fundamental data of companies to enable practical application for investors.

About the new edition: In addition to a new four-color layout, all examples have been updated, some chapters have been expanded, and particularly the chapter on value investing has been completely restructured.

Target audience: Beginners in investment.