BV831-CON When Beta Breaks Down - Practical Approaches to Improving Cost of Capital Estimates


CE 1 | BV

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Session Description

This presentation will cover the fundamentals of why consideration of the beta R^2 indications is an important step in developing a supportable cost of capital estimate.  We will present factors that may lead historical beta indications (and resulting cost of equity) to be unreasonably low and present some ideas on potential practical solutions to produce more reasonable / supportable discount rate indications, including consideration of “implied” beta and cost-of-equity based on public stock prices and forecasts.

Speaker Information

Adam Smith, ASA, PwC Deals - Valuation, Managing Director | PwC
David Polan, CFA, CPA, PwC Deals - Valuation, Senior Manager | PwC

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Disclaimer: The opinions expressed in this presentation are that of the presenter(s) and do not necessarily reflect the views and opinions of the American Society of Appraisers.

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Pricing $69.00
ASA-Member $49.00
Non-Member $69.00
Available Yes
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