- CFA Exams
- 2025 Level II
- Topic 5. Equity Valuation
- Learning Module 22. Free Cash Flow Valuation
- Subject 6. Terminal value
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Subject 6. Terminal value PDF Download
Terminal value = forecast value at beginning of normal growth phase.
Estimation methods:
- Apply multiple (P/E).
- Use Gordon growth model.
User Contributed Comments 1
| User | Comment |
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| ashish100 | Still too damn long |
I just wanted to share the good news that I passed CFA Level I!!! Thank you for your help - I think the online question bank helped cut the clutter and made a positive difference.
Edward Liu
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