Adjusted present value
id:
adjusted-present-value-191-12526526
title:
Adjusted present value
text:
Adjusted present value (APV) is a valuation method introduced in 1974 by Stewart Myers. The idea is to value the project as if it were all equity financed ("unleveraged"), and to then add the present value of the tax shield of debt – and other side effects. Technically, an APV valuation model looks similar to a standard DCF model. However, instead of WACC, cash flows would be discounted at the unlevered cost of equity, and tax shields at either the cost of debt (Myers) or following later academi
brand slug:
wiki
category slug:
encyclopedia
description:
original url:
https://en.wikipedia.org/wiki/Adjusted_present_value
date created:
date modified:
2023-09-27T06:20:42Z
main entity:
{"identifier":"Q164945","url":"https://www.wikidata.org/entity/Q164945"}
image:
fields total:
13
integrity:
13