Valuation methods & enterprise value · Working

Cost of equity

Also called: equity discount rate

ELI5

Required return for equity investors under the chosen method.

Used in conversation

“The valuation memo needs to state the assumptions behind cost of equity.”

Pitch context

You will see “Cost of equity” in financial models, budgets, board packs and investor materials when the discussion reaches valuation methods & enterprise value.

Why it matters: In valuation methods & enterprise value, a loose definition can change rights, obligations, approval, disclosure or enforceability.

Caution

Meaning, enforceability and required process vary by jurisdiction and agreement; this definition is not legal advice.

Sources & evidence · 5

Direct term-level sources and supporting source families.