2014 Valuation Handbook - Guide to Cost of Capital

SBBI Valuation Yearbook data is now available in this new resource by Duff & Phelps. It will include both the data previously available in the SBBI Valuation Yearbook and the data available in the Duff & Phelps Risk Premium Report.

The Valuation Handbook will include all of the "key variables in estimating the cost of capital," including:

Yields
Long-term (20-year) U.S. Treasury Coupon Bond Yield

Equity Risk Premium
Long-horizon expected "historical" equity risk premium
Long-horizon expected "supply side" equity risk premium

Size Premium
CRSP Mid-Cap, Low-Cap, and Micro-Cap size premia
CRSP Deciles 1 through 10 size premia
Size premia for the breakdown of CRSP Decile 10 into 10a (and its subdeciles 10w and 10x) and 10b (and its subdeciles 10y and 10z)

Industry Risk Premium
Industry risk premia (IRPs) for use in the build-up method (previously found in Table 3-5 in the SBBI Valuation Yearbook).

The Valuation Handbook will also include all of risk premia and size premia (for up to eight different measures of "size") previously published in the Duff & Phelps Risk Premium Report, including the Size Study, Risk Study, and High-Financial-Risk Study.