2017 Valuation Handbook: International Guide to Cost of Capital

July 2017 978-1-119-36676-8 Hardcover, PDF Update(s) (464 pages)

Carla Nunes, Duff & Phelps, James Harrington, Roger Grabowski

John Wiley & Sons, Inc.

The Duff & Phelps 2017 Valuation Handbook - International Guide to Cost of Capital provides data and methodology guidance that will enable the reader to assess risk and develop cost of capital estimates on a global scale, coupled with data exhibits that provide country-level country risk premia (CRPs), Relative Volatility (RV) factors, and equity risk premia (ERPs). The data exhibits can be used to estimate country-level cost of equity capital globally, for up to 188 countries, from the perspective of investors based in up to 56 different countries.*

Highlights of the Handbook include:

  • Country-level Country Risk Premia (CRPs) for up to 188 countries: The 2017 Valuation Handbook - International Guide to Cost of Capital provides country-level country risk premia for up to 188 countries globally, from the perspective of investors based in up to 56 different countries. CRPs are estimated using the following models: (i) Country Credit Rating Model and (ii) Country Yield Spread Model

  • Relative Volatility (RV) factors for up to 75 countries: The 2017 Valuation Handbook - International Guide to Cost of Capital provides country-level relative volatility factors from the perspective of investors in the U.S. and Germany. Relative volatility factors are estimated using the Relative Standard Deviation Model

  • Equity Risk Premia (ERPs) for 18 countries based in USD and "local" currency: The 2017 Valuation Handbook - International Guide to Cost of Capital provides long-horizon and short-horizon ERP data in USD and "local" currencies. Additional ERP resources include Pablo Fernandez' survey of ERPs for a variety of countries

One optional semi-annual update includes data through June and September and is available for an additional fee.

*Dependent on the estimation model being employed and data availability. Some models do not include estimates for all countries.

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