Discover how discounted future earnings are used to estimate a company's size by analyzing forecasted earnings and terminal values, discounted to present value.

Net present value (NPV) is a popular decision-making criteria used by firms to make key, crucial choices about how to ...

Discount rates matter centrally for nearly all investments, and have been a focus for me. My ongoing work on Safehold (SAFE) has directed my attention their way even more strongly. Setting those rates ...

Learn about unamortized bond discounts—what they mean, how they are accounted for, and what they reveal about bond pricing ...

We have heard a thousand times that a stock is worth the present value of its future cash flows. But I think no other period in my career has witnessed this concept become so important in the stock ...