Comparable Company Analysis

A basic tutorial on how the logic of how a Comps Analysis works. Great for anyone interviewing for investment banking.

Update 2021:

Please find the models and walkthroughs here for download:

We've since taken our site - Valuation University - down, and there won't be new content. Thanks for all the love over the years, our goal was to simplify concepts and create an easy-to-grasp educational platform for anyone breaking into finance, and we hope that we did just that. Good luck to everyone :)

[valuationuniversity]

Hello all - it's cool to see so many of you continue to find value in our videos. Please kindly stop requesting edit access to the financial models we have made public in the Google Drive folder. You may download the models by selecting File > Download > Microsoft Excel (.xlsx)

[marcuss]

this is really clear & helpful. thank you so much! till now I have not come across a single video that can spell out clearly how to obtain the final valuation or goes over the excel model without bringing in all kinds of abstractions. liked and subbed. cheers!

[undermygarage]

This was incredibly helpful, thanks man.

[trevorschileshe]

thank you for such a great shot yet amazing lecture. are you able to share the spreadsheet you are using?

[byronyip]

hey, can i ask, how do you pick out which company you'd want to use as the target company? what critieria do you use? (eg. earnings coming out?)

[vincentnguyen]

At 8:31 you said to subtract net debt and minus cash, isn't it add cash as you initially subtract it from market cap to find EV in the first place? Really good video though!

[paragkulkarni]

Nice video..!! Can you please share the link to download the excel file? Tx..!!

[BlueIceAce]

Great video, are you going to do more videos on the other two valuation models?