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Notes
- 1.
EVA is the registered trademark of Stern Stewart & Co.
- 2.
More recent rankings are available on the BCG website www.bcg.com.
- 3.
More recent EVA and MVA rankings are available from Stern Stewart & Co. See www.sternstewart.com.
- 4.
WACC can be reduced and EVA increased by decreasing the volatility of NOPAT (i.e., reducing the firm's business risk).
- 5.
This section is based on the findings of Stern Stewart & Co. See www.sternstewart.com.
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Krishnamurti, C. (2009). The EVA Approach to Investing. In: Krishnamurti, C., Vishwanath, R. (eds) Investment Management. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-540-88802-4_9
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