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Starter 14 lessons

Understanding Valuation


Learn how to tell if a stock is expensive or cheap using the metrics professionals use.

Lessons in this course

Work through them in order, or jump to whichever fits where you are. Every lesson is free and saves your progress locally.

  1. 01What is a P/E Ratio?
  2. 02EV/EBITDA: The Professional's Metric
  3. 03Price-to-Book: Asset Value
  4. 04Cost of Capital: What Discount Rate to Use
  5. 05Buybacks: When Returning Cash Beats Reinvesting It
  6. 06DCF: What Is a Company Really Worth?
  7. 07Putting It Together: Is This Stock Cheap?
  8. 08Mr. Market: Graham's Core Insight
  9. 09Circle of Competence: Buffett's Risk Framework
  10. 10Earnings Quality: Why Coca-Cola Trades at a Premium
  11. 11Earnings Predictability
  12. 12Capital Allocation: The CEO's Five Choices
  13. 13PEG Ratio: P/E Adjusted for Growth
  14. 14Choosing the Right Valuation Method
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