An updated look at the role of economic profit analysis in the process of wealth creation Grant explains the pivotal role of economic value added (EVA) in the theory of finance, how to measure EVA with standard accounting adjustments, how to use EVA to value companies and their stock, and how to use economic profit principles to identify wealth-creating firms, industries, and even market economies. Guide provides a look at the role of economic profit in the process of wealth creation. Shows how the EVA measure can be used as a prism to cast a revealing perspective on individual securities, portfolios, and macro-economic valuations
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