Your practical guide to the art and science of valuation



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Learn value investing’s most important skill


Because it lets you buy great businesses when the market is giving them away.

It lets you sell overpriced stocks to hungry buyers… and it lets you invest with more conviction and more confidence than ever before.

‘How To Value Companies’ is your complete education in the theory and practice of valuation.

After taking this course, you’ll be able to:

  • • Pick the right valuation tools for any stock

  • • Use these to arrive at a range of valuations

  • • Buy and sell shares at attractive prices

This course is taught by me, Steve Clapham. A former hedge fund partner and stock analyst with over 30 years of experience.

What investors think of this course

What you’ll get in this course

By learning to value companies with me, you’ll benefit from:


Learn the pros and cons of every valuation method that matters.


Learn at your own pace and go back to the course materials whenever you need to consult them.


If this course doesn’t match your expectations, I’ll refund your purchase with no questions asked.

You’ll also benefit from 30 years of practical tips and tricks, including: 

  • • Why you should never take your stock screener’s data at face value

  • • The “twisted” method you can use to find cheap stocks

  • • Why an expensive looking company might actually be dirt cheap

  • • A quick way to spot overpriced hospitality and retail stocks

  • • Three situations I always avoid, even if they look cheap

  • • Why using P/E ratios to invest can be incredibly risky

  • • How you can find stocks trading for a true price of less than zero

  • • And much, much more

Set yourself up for investing success

Big firms like Legal and General and Schroders pay me over £10,000 a day to train their analysts. 

But you won’t pay anything like that for How To Value Companies.

In fact, you won’t even pay £1000.

Instead, you’ll get lifetime access to this course for £429. Which is peanuts when you consider how much you’ll invest over the years.

Simply click the button to add this course to your basket and start your risk-free trial.

A course by Steve Clapham

Steve Clapham has 30 years of stockmarket experience as an equity analyst. He had a successful career as a highly rated sell-side analyst covering a number of sectors. He then moved to become a partner and head of research at two multi-billion hedge funds, based in London.

In 2018, Steve set up his training company, Behind the Balance Sheet, and nearly 400 full-time professional investors have taken his Forensic Accounting Course. Hundreds more have taken his other in person and webinar courses. Some of the world’s top institutions rely on Steve to help their top analysts improve their skills. That expertise is now available to you! That’s why several hundred private investors (and quite a few professionals) are now enrolled in our online school.


Ready to improve your valuation skills?