• Services
    • Valuation Services
    • Investment Banking
    • Frequently Asked Questions
  • Our Team
  • Insights
    • Newsletters
    • Relevant Court Cases
    • Relevant Business Valuation Articles
    • Published Articles
    • Related Links
  • Contact
    • E-Mail
    • Map
  • Home


“Company Valuation Using the DCF Method and
CAPM: You Shouldn’t Trust the Result,”

by Dr. Werner Gleibner and Endre Kamaras
dated March 22, 2023


This paper discusses the drawbacks of using the DCF valuation method to value a business and CAPM in determining an appropriate discount rate. 

Note: Full-text of this paper can be obtained by clicking on the above title.


1065 Executive Parkway, Suite 205
St. Louis, MO 63141
Ph. 314.434.3800
Fax 314.434.3809
2023 Capital Advisors, Inc.  All Rights Reserved.
"St. Louis Arch"; "Capital Advisors, Inc."; "Building"; "Conference Room"; "St. Louis Sky"; "Crane";