Barry Ritholtz

MARCH 18, 2025

This is as true for professionals as it is for amateurs; it’s also true in music, film, sports, television, and economic and market forecasting. We view valuation as a snapshot in time instead of recognizing how it evolves over a cycle, driven primarily by changes in investor psychology.

Investments 127

Investments Math Concentration Valuation 127

PYMNTS

JANUARY 6, 2021

Petco will file its initial public offering (IPO) with a valuation of almost $4 billion, according to a registration statement filed with the Securities and Exchange Commission (SEC) Wednesday (Jan. That will come with a price-per-share of $14 to $17.

Valuation 102

Valuation eCommerce Forecasting Numbers 102

Musings on Markets

FEBRUARY 2, 2023

I wrote about my most recent valuation of Tesla just over a week ago , and as has always been the case when I value this company, I have heard from both sides of the Tesla divide. Based at least on the reactions, I have realized that some may be misreading my story and valuation, ore reacting just to a picture in a tweet.

Valuation 99

Valuation Investments Forecasting Manufacturing 99

Musings on Markets

NOVEMBER 9, 2021

If you are interested, you can see my valuations from 2014 , 2016 and 2017. My two most recent valuations were in June 2019 and January 2020, and I am going to go back to them, not just because they are recent, but because they led to investment decisions on my part.

Valuation 101

Valuation Profit and Loss Manufacturing Investments 101

Musings on Markets

APRIL 21, 2022

My forecasted revenues for 2023 of $11.2 billion I estimated in 2021 (year 8 in my IPO valuation) as revenues in my IPO valuation of the company in November 2013, and its operating margin, even with generous assumptions on R&D, was 19.02% in 2021, still below my estimate of 19.76% in that year. billion, well below the $9.6

Valuation 113

Valuation Advertising Numbers Education 113

The Finance Weekly

OCTOBER 29, 2024

Financial models are essential for organizations, helping forecast financial performance using historical data and future projections. This practice allows businesses, investors, and finance professionals to evaluate investment opportunities, assess risks, forecast future scenarios, and support strategic decision-making.

Financial Modeling 52

Financial Modeling Mergers and Acquisitions (M&A) Budgeting Forecasting 52

Musings on Markets

FEBRUARY 8, 2025

I spend most of my time in the far less rarefied air of corporate finance and valuation, where businesses try to decide what projects to invest in, and investors attempt to estimate business value.

Hurdle Rate 72

Hurdle Rate Valuation Corporate Finance Currencies 72

E78 Partners

FEBRUARY 26, 2025

Implement driver-based forecasting that links operational metrics to financial outcomes. Solution: Implement rolling forecasts to enhance agility and adaptability. Solution: Implement rolling forecasts to enhance agility and adaptability. Leverage AI-driven forecasting tools, ensuring data accuracy and executive buy-in.

Financial Planning and Analysis (FP&A) 59

Financial Planning and Analysis (FP&A) Cash Flow Forecasting Forecasting Financial Modeling 59

Musings on Markets

JUNE 23, 2023

and with my own students asking ChatGPT questions about valuation that they would have asked me directly, the potential for AI to upend life and work is visible, though it is difficult to separate hype from reality. NVIDIA: The Opportunist! In my story, I will draw on both impulses, and try to thread the needle on the company.

Valuation 103

Valuation Profit and Loss Investments Marketing 103

Musings on Markets

JANUARY 28, 2025

This year, my caution would be to not read too much, at least in terms of forecasted economic growth, into the flattening or even mildly upward sloping yield curve. Forecasting Rates I am wary of Fed watchers and interest rate savants, who claim to be able to sense movements in rates before they happen for two reasons.

Banking 69

Banking Treasury Forecasting Economics 69

CFO News Room

DECEMBER 18, 2022

in the premarket after forecasting a slowdown in orders for new homes, stemming from higher mortgage rates. The home builder also reported lower-than-expected earnings for its latest quarter, although revenue was slightly above analyst forecasts. Discovery lost 1.2% in the premarket. Lennar (LEN) – Lennar slid 2.6% in the premarket.

Forecasting 130

Forecasting Valuation Marketing Planning 130

Global Finance

DECEMBER 26, 2024

To present a consolidated view, this often requires the integration of data from multiple sources, such as ERP systems, forecast and planning processes, and even local-entity-level global finance team members. Risk assessment is the next critical step.

Treasury 59

Treasury Risk Management Currencies SAP 59

CFO News Room

NOVEMBER 13, 2022

Bumble – Shares of the company known for its dating platforms added 10% even after Bumble issued a weak current quarter revenue forecast and missed expectations. Fair Isaac also issued guidance that beat a StreetAccount forecast. after it beat expectations for the quarter and raised its full-year forecast.

Profit and Loss 130

Profit and Loss Pharmaceutical Forecasting Valuation 130

Creative CFP

MARCH 5, 2021

The purpose of a Business Valuation While most can only dream of selling their business for that amount of money, it is important to know how one goes about valuing a business, no matter what the size. A valuation may be required for periodic reporting (i.e. How do we value a business?

Valuation 52

Valuation Forecasting CFO Construction 52

PYMNTS

JANUARY 27, 2020

forecasts that its initial public offering (IPO) valuation will be far under the approximate $1 billion it had for its most recent funding. The IPO would provide the company with a valuation of $768 million and would bring in $182.4 eCommerce mattress merchant Casper Sleep Inc. Casper , for its part, was valued at $1.1

Valuation 56

Valuation Profit and Loss eCommerce Forecasting 56

Creative CFP

MARCH 5, 2021

The purpose of a Business Valuation While most can only dream of selling their business for that amount of money, it is important to know how one goes about valuing a business, no matter what the size. A valuation may be required for periodic reporting (i.e.

Valuation 52

Valuation Forecasting CFO Construction 52

Musings on Markets

SEPTEMBER 5, 2024

In making their earnings judgments and revisions, analysts draw on many sources, including: The company’s history/news : With the standard caveat that the past does not guarantee future results, analysts consider a company’s historical trend lines in forecasting revenues and earnings.

Marketing 133

Marketing Valuation Profit and Loss Forecasting 133

PYMNTS

APRIL 3, 2020

Short-term rental site Airbnb has lowered its internal valuation to $26 billion, a 16 percent drop, as business continue to be hammered by lockdowns, Reuters reported , citing sources familiar with the matter. At its most recent funding round of $1 billion in September 2017, Airbnb had a valuation of $31 billion, the source said.

Valuation 56

Valuation Forecasting Startups Marketing 56

CFO News Room

NOVEMBER 16, 2022

As someone who has spent the last four decades talking, teaching and doing valuation that we have lost our way in valuation. Even as data has become more accessible and our tools have become more powerful, it is my belief that the quality of valuations has degraded over time.

Marketing 130

Marketing Valuation Advertising Numbers 130

E78 Partners

MARCH 3, 2025

Strong public market valuations in key sectorsespecially technology and healthcareare attracting growth-driven businesses. Implement budgeting and forecasting processes that withstand market scrutiny. Refine Financial Planning and Analysis (FP&A): Develop robust forecasting models and scenario planning tools.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) GAAP Marketing Compliance 52

CFO News Room

DECEMBER 3, 2022

” RBC praises the delivery service’s execution and management but says it is uncomfortable with the current valuation given the potential for order deceleration. DoorDash (DASH) – DoorDash shares fell 2.8% in premarket trading after RBC Capital Markets downgraded the stock to “sector perform” from “outperform.”

Technology 130

Technology Construction Valuation Forecasting 130

CFO News Room

JANUARY 27, 2023

Another is that when valuing companies, I am, in addition to valuing a company to see if it is fairly priced, interested into the broader insights about business and valuation that emerge from the company. Growth potential : I underestimated the company’s capacity to grow, by limiting its product reach.

Valuation 130

Valuation Investments Manufacturing Marketing 130

Michigan CFO

NOVEMBER 7, 2022

This trend makes SaaS valuation increasingly important. This makes determining an accurate SaaS valuation difficult. By ensuring that the appropriate methods and models are used, SaaS companies can attain more accurate, higher valuations that provide leverage when seeking financing or negotiating sales.

Valuation 40

Valuation CFO Leadership Forecasting 40

PYMNTS

AUGUST 13, 2020

This week, The Wall Street Journal reported despite a 40 percent decrease in its valuation in three years, Airbnb Inc. Airbnb was recently valued at $18 billion, down from a 2017 valuation of $31 billion. Airbnb’s business has been hit hard, with revenue this year forecasted to be less than half of what we earned in 2019.”.

Planning 111

Planning Valuation Forecasting Securities 111

PYMNTS

FEBRUARY 12, 2019

According to unnamed sources cited by the outlet, the company is looking for a valuation over $4 billion. But in 2017, the company took in capital at a valuation of $1.25 Now, Peloton is reportedly forecasted to choose underwriters over the weeks to come. billion, per unnamed sources.

Valuation 84

Valuation Forecasting Investments Technology 84

PYMNTS

JANUARY 21, 2020

And during the kickoff to a confab that is home to big ideas, big names and perhaps no shortage of controversy, seismic changes in industry and Big Tech got some time in the spotlight — and so did valuations and IPOs.

Valuation 52

Valuation Manufacturing Economics Forecasting 52

CFO News Room

NOVEMBER 22, 2022

Abercrombie & Fitch – Shares of the retail stock jumped 19% after the apparel retailer beat Wall Street’s revenue forecasts for the third quarter and posted unexpected quarterly profit. Dick’s raised its full-year financial forecast as well. Check out the companies making headlines in midday trading.

Profit and Loss 130

Profit and Loss Forecasting Entertainment Retail 130

PYMNTS

SEPTEMBER 20, 2019

You’d be forgiven for thinking that the WeWork IPO – rather, the shelving of that IPO , at least for now – heralds the end of rich valuations for firms viewed as entrenched in the early stages of disruption. Freight fraught with macro headwinds: Competition is tough in logistics and the last mile.

Valuation 49

Valuation Profit and Loss Compliance Forecasting 49

Global Finance

DECEMBER 26, 2024

In 2025, expect to see more-advanced forecasting tools, such as AI-powered analysis of vast amounts of data in order to predict future currency movements more accurately, and the modeling of different economic scenarios to assess potential risks and opportunities. Technology has revolutionized the way businesses manage currency risk.

Foreign Exchange 96

Foreign Exchange Banking Currencies Treasury 96

E78 Partners

MARCH 28, 2025

Improved demand forecasting can boost revenue by 2% to 4%, while smarter product targeting for priority customers can improve gross margins by 50 to 250 basis points. Proactive measures such as enhanced financial reporting, improved ERP systems, and clear growth narratives are essential for commanding premium valuations.

Mergers and Acquisitions (M&A) 59

Mergers and Acquisitions (M&A) Prioritization Leadership Investments 59

CFO News

JANUARY 8, 2025

HSBC has downgraded its rating on India to 'Neutral' from 'overweight', forecasting a Sensex target of Rs 85,990 for 2025. They reduced FY25 earnings growth for Nifty 50 from 15% to 5%, citing unsustainable profit growth and elevated valuations. This may prompt investor re-evaluation in Indian equities.

Valuation 40

Valuation Forecasting 40

Nerd's Eye View

APRIL 3, 2024

Notably, the work-from-home movement has resulted in a dramatic drop in office valuations that could lead to a whole host of issues, including lending constraints in the banking sector, which is already sitting on a mountain of unrealized losses on Treasuries and mortgages.

Economics 97

Economics Marketing Valuation Profit and Loss 97

Barry Ritholtz

AUGUST 1, 2023

Forecasting Folly : Did you get sucked into the endless predictions of doom and gloom ? Recall John Kenneth Galbraith’s observation: “The only function of economic forecasting is to make astrology look respectable.” Never forget: Forecasts are marketing. Were you convinced by the people who saw the Recession coming ?

Forecasting 98

Forecasting Concentration Valuation Economics 98

Musings on Markets

NOVEMBER 15, 2022

Narrative and Value As someone who has spent the last four decades talking, teaching and doing valuation that we have lost our way in valuation. Even as data has become more accessible and our tools have become more powerful, it is my belief that the quality of valuations has degraded over time.

Valuation 99

Valuation Advertising Numbers Investments 99

Fpanda Club

SEPTEMBER 2, 2021

The list of typical FP&A activities usually includes planning, budgeting, forecasting, analysis, management reporting and performance management. Forecasting is the practice of making regular predictions about the company’s expected future results based on the past and present data as well as on the anticipated future events.

Financial Planning and Analysis (FP&A) 130

Financial Planning and Analysis (FP&A) Corporate Finance Communication Forecasting 130

PYMNTS

DECEMBER 10, 2020

Airbnb 's record-breaking initial public offering (IPO) pricing topped expectations, with a share price of $68 on a $47 billion valuation, the Wall Street Journal (WSJ) reported on Thursday (Dec. The original target range set earlier this week was $56 to $60 a share. 10) under the ticker “ABNB.”

Forecasting 62

Forecasting Valuation Startups eCommerce 62

PYMNTS

OCTOBER 30, 2018

” Ethos uses data analytics to forecast the life expectancy of a person and boasts cutting the time to apply for life insurance from 10 weeks to 10 minutes. What’s more, CNBC reported it pays out insurance claims within a week.

Valuation 62

Valuation Startups Entertainment Forecasting 62