Beyond Earnings is targeted at investors, financial professionals, and students who
want to improve their ability to analyze financial statements, forecast cash flows, and ultimately value a
Because earnings and P/E ratios are too unreliable for valuation, this book takes you
beyond earnings and shows you how to apply the HOLT CFROI and Economic Profit framework in a step-by-step
manner. A better measure of profitability results in improved capital allocation decisions and fundamental
This ground-breaking book offers the first practical in-depth discussion of how
profitability and growth fade, and shows how to put this information to work right away. The authors
introduce their trailblazing Fundamental Pricing Model which includes fade as an adjustable value driver
and can be used to value the impact of business model disruption.
As the authors explain, the key to superior stock picking is understanding the
expectations embedded in a stock’s price and having a clear view of whether the company can beat those
expectations. The HOLT framework has been rigorously field tested for over 40 years by global investment
professionals to help them make better stock picks and by corporate managers to understand the
expectations embedded in their stock price.
Beyond Earnings is an indispensable guide for investors who want to improve
their odds of outperforming the competition.
View on Amazon