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Aswath Damodaran

Aswath Damodaran

Joined Stern 1986

Leonard N. Stern School of Business
Kaufman Management Center
44 West Fourth Street, 9-94
New York, NY 10012

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Aswath Damodaran holds the Kerschner Family Chair in Finance Education and is Professor of Finance at New York University Stern School of Business. Before coming to Stern, he also lectured in Finance at the University of California, Berkeley.

Professor Damodaran received a B.A. in Accounting from Madras University and a post graduate diploma in Management from the Indian Institute of Management. He earned an M.B.A. (1981) and then Ph.D. (1985), both in Finance, from the University of California, Los Angeles.

Professor Damodaran's contributions to the field of Finance have been recognized many times over. He has been the recipient of Giblin, Glucksman, and Heyman Fellowships, a David Margolis Teaching Excellence Fellowship, and the Richard L. Rosenthal Award for Innovation in Investment Management and Corporate Finance.

His skill and enthusiasm in the classroom garnered him the Schools of Business Excellence in Teaching Award in 1988, and the Distinguished Teaching award from NYU in 1990. His student accolades are no less impressive: he has been voted "Professor of the Year" by the graduating M.B.A. class nine times during his career at NYU.

In addition to myriad publications in academic journals, Professor Damodaran is the author of several highly-regarded and widely-used academic texts on Valuation, Corporate Finance, and Investment Management.

Professor Damodaran currently teaches Corporate Finance and Valuation to the MBAs, and his interests lie in disentangling value drivers and understanding market pricing and behavior.

Research Interests

  • Information and Prices
  • Real Estate
  • Valuation

Courses Taught

  • Corporate Finance
  • Equity Instruments & Markets

Academic Background

Ph.D., Finance, 1985

M.B.A., Finance, 1981

M.S., Management, 1979
Indian Institute of Management

B.Com., Accounting, 1977
Madras University

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Professor Aswath Damodaran explains why investors are turning to Big Tech stocks amid the coronavirus crisis

Research addressing how to treat stock based compensation in cash flow valuations from Professor Aswath Damodaran is referenced

Professor Aswath Damodaran discusses the value of Big Tech stocks

As part of a Q&A, Professor Aswath Damodaran offers advice for investors to keep in mind while investing during a crisis

In a video interview, Professor Aswath Damodaran weighs in on the European equity market in light of the European Union’s new stimulus package

Professor Aswath Damodaran notes that despite Tesla's recent market surge, the electric-vehicle market is not big enough for all similar-minded companies to have the same success

Professor Aswath Damodaran explains how the coronavirus pandemic has impacted Tesla throughout 2020

In an in-depth Q&A, Professor Aswath Damodaran shares insights on equity valuations and discusses how investors can move from static to dynamic

Professor Aswath Damodaran examines the future of SoftBank-backed start-up Coupang as it contemplates going public or seeking additional funding

Professor Aswath Damodaran shares his reactions to the recent U.S. stock market rally

Research from Professor Aswath Damodaran on equity risk premiums is cited

Professor Aswath Damodaran's analysis on Peloton's IPO price is spotlighted

In a Q&A interview, Professor Aswath Damodaran shares his perspective on how investors can effectively value companies during the COVID-19 pandemic

Professor Aswath Damodaran notes that a market rebound could pave the way for an increased number of public offerings

In an in-depth Q&A interview, Professor Aswath Damodaran offers advice about investing in equities, managing long term accounts like 401(k) plans and how to best utilize stimulus checks from the government

Professor Aswath Damodaran’s framework for valuing cyclical and commodity companies is spotlighted

Areas of Expertise


  • Earnings Management
  • Shareholder Issues/Activism
  • Valuation


  • Berkshire Hathaway


  • Asset Management
  • Corporate Finance
  • Corporate Governance
  • Portfolio Management
  • Valuation


  • Housing/Real Estate


  • Restructuring & Layoffs