---
product_id: 23471200
title: "Financial Statement Analysis and Security Valuation"
price: "€ 409.80"
currency: EUR
in_stock: true
reviews_count: 10
url: https://www.desertcart.at/products/23471200-financial-statement-analysis-and-security-valuation
store_origin: AT
region: Austria
---

# Financial Statement Analysis and Security Valuation

**Price:** € 409.80
**Availability:** ✅ In Stock

## Quick Answers

- **What is this?** Financial Statement Analysis and Security Valuation
- **How much does it cost?** € 409.80 with free shipping
- **Is it available?** Yes, in stock and ready to ship
- **Where can I buy it?** [www.desertcart.at](https://www.desertcart.at/products/23471200-financial-statement-analysis-and-security-valuation)

## Best For

- Customers looking for quality international products

## Why This Product

- Free international shipping included
- Worldwide delivery with tracking
- 15-day hassle-free returns

## Description

Valuation is at the heart of investing. A considerable part of the information for valuation is in the financial statements. Financial Statement Analysis and Security Valuation , 5 e by Stephen Penman shows students how to extract information from financial statements and use that data to value firms. The 5th edition shows how to handle the accounting in financial statements and use the financial statements as a lens to view a business and assess the value it generates.

Review: I love Penman's research - I love Penman's research. He has contributed significantly to both the accounting and financial research. His book is overall great but some parts he skips the logic or certain steps, leaving the reader a bit puzzled. Examples are good. Hopefully, the next version will not have certain jumps but overall great book that teaches you how to analyze and value firms.
Review: 2012 version is definitely worth the upgrage - I have the 2009 version and have read it multiple times from cover to cover. The 2012 version has enough new and relevant material to completely justify the upgrade. I like some of the simplifications that the author has done and I especially like the addition of Chapter 7. Overall - fantastic book.

## Features

- Valuation is at the heart of investing. A considerable part of the information for valuation is in the financial statements. Financial Statement Analysis and Security Valuation, 5 e by Stephen Penman shows students how to extract information from financial statements and use that data to value firms. The 5th edition shows how to handle the accounting in financial statements and use the financial statements as a lens to view a business and assess the value it generates.

## Technical Specifications

| Specification | Value |
|---------------|-------|
| Best Sellers Rank | #1,019,304 in Books ( See Top 100 in Books ) #311 in Accounting (Books) #486 in Business Investments #500 in Financial Accounting (Books) |
| Customer Reviews | 4.3 out of 5 stars 53 Reviews |

## Images

![Financial Statement Analysis and Security Valuation - Image 1](https://m.media-amazon.com/images/I/61JhrdV++IL.jpg)

## Customer Reviews

### ⭐⭐⭐⭐⭐ I love Penman's research
*by D***L on January 22, 2015*

I love Penman's research. He has contributed significantly to both the accounting and financial research. His book is overall great but some parts he skips the logic or certain steps, leaving the reader a bit puzzled. Examples are good. Hopefully, the next version will not have certain jumps but overall great book that teaches you how to analyze and value firms.

### ⭐⭐⭐⭐⭐ 2012 version is definitely worth the upgrage
*by B***N on June 4, 2013*

I have the 2009 version and have read it multiple times from cover to cover. The 2012 version has enough new and relevant material to completely justify the upgrade. I like some of the simplifications that the author has done and I especially like the addition of Chapter 7. Overall - fantastic book.

### ⭐⭐⭐⭐⭐ Five Stars
*by M***T on August 11, 2015*

worked well for class!

---

## Why Shop on Desertcart?

- 🛒 **Trusted by 1.3+ Million Shoppers** — Serving international shoppers since 2016
- 🌍 **Shop Globally** — Access 737+ million products across 21 categories
- 💰 **No Hidden Fees** — All customs, duties, and taxes included in the price
- 🔄 **15-Day Free Returns** — Hassle-free returns (30 days for PRO members)
- 🔒 **Secure Payments** — Trusted payment options with buyer protection
- ⭐ **TrustPilot Rated 4.5/5** — Based on 8,000+ happy customer reviews

**Shop now:** [https://www.desertcart.at/products/23471200-financial-statement-analysis-and-security-valuation](https://www.desertcart.at/products/23471200-financial-statement-analysis-and-security-valuation)

---

*Product available on Desertcart Austria*
*Store origin: AT*
*Last updated: 2026-05-10*