Value Investing (Online)

Make intelligent investment decisions

Download Brochure

Get Your Brochure

Course Dates

STARTS ON

January 16, 2025

Course Duration

DURATION

9 weeks, online
6-8 hours per week

Course Fee

PROGRAM FEE

US$3,895 and get a referral benefit

Course Information Flexible payment available
Course Fee

For Your Team

Enroll your team and learn with your peers

Learn More

Early Registration Benefit

Apply now to secure your place at US$3,311 by . Connect with a learning advisor for more information.

Discover a Strategy for Long-Term Value and Growth

An investment approach that yields long-term value and growth is a must in today’s uncertain economy. Therefore, many investors seek out value stocks, which historically have yielded better long-term results compared to growth stocks. However, in a market where investments are often undervalued, these opportunities may be more difficult to recognize.

The Value Investing (Online) program from Columbia Business School Executive Education will give you a strong foundation in the value investing process. In this nine-week program, you will acquire the essentials of valuation, strategic analysis, valuing growth, and risk management, preparing you to identify opportunities for investments that others may overlook.

2X

US stocks have doubled in value since reaching the low of March 2020

SOURCE: Vanguard

20%

Is the margin by which Value has outperformed Growth, indicating a significant shift in market dynamics

SOURCE: J.P. Morgan Asset Management

153X

With value investing, Berkshire Hathaway realized returns of 3,787,464% over a 60-year period, far exceeding the S&P 500’s 24,708%

SOURCE: CNBC

Key Takeaways

The Value Investing (Online) program will enable you to:

  • Apply the value investing principles to make smart, rational investment decisions
  • Think independently about investment opportunities without simply following the market
  • Learn to calculate asset value and earnings power value to understand the underlying value of a security
  • Conduct a strategic analysis of a company to understand its ability to produce ongoing profits
  • Learn how to assess and value growth opportunities and learn why many value investors shun high growth businesses
  • Execute a method for making investments by exploiting available data
  • Follow a process for systematic valuation
  • Strengthen your ability to evaluate growth and risk

Who Should Attend

The Value Investing program is designed for investors and corporate decision makers, including:

  • Individual investors interested in learning how to uncover investment opportunities that others might overlook
  • Portfolio managers looking to add proven, value-driven approaches to their toolkit of investment strategies
  • C-level executives and managing directors seeking to diversify their thinking about growth and profitability with new analytical approaches
  • Financial analysts and advisors looking for techniques that enhance the guidance they provide to their organizations or clients

Program Experience

World-Renowned Faculty

Learn from accomplished faculty, and industry experts whose diverse backgrounds encompass a broad range of disciplines

Guest Speakers

Accomplished academics and experts offer unique perspectives and the opportunity to put learning into practice

Peer Interaction

Stimulating discussions with like-minded global peers expand your professional network and build a supportive community

Case Studies

Through exploratory sessions, examine practical examples and find innovative solutions to strategic challenges

Live Faculty Sessions

Get actionable insights in live online interactions with faculty who are recognized leaders in their fields

Engaging Assignments and Activities

Hone business acumen and executive skills with try-it activities that help you redefine your potential

Capstone Project

Engage in a multifaceted experience where you apply program learnings to a real-world case

Program Topics

Module 1:

Value Investing Framework

Foundations, framework, and introduction to asset value: overview of the valuation approach and calculating asset value.

Module 2:

Earnings Power Value

The methodology to identify and buy securities priced well below their true value.

Module 3:

Strategic Analysis

Understanding the value of scale economies and barriers to entry.

Module 4:

Magna International Case Study

Valuation exercise for the automotive market in the aftermath of the financial crisis.

Module 5:

Growth and Value

Estimating future earnings and accounting for growth using Walmart as an example.

Module 6:

Amazon Case Study

Calculating the value of a high-growth company in dynamic industry segments.

Module 7:

Risk Management

Managing the risks of individual stocks and portfolios through proven financial and management strategies.

Module 8:

John Deere Case Study

Using the value investing approach to evaluate the attractiveness of John Deere.

Module 1:

Value Investing Framework

Foundations, framework, and introduction to asset value: overview of the valuation approach and calculating asset value.

Module 5:

Growth and Value

Estimating future earnings and accounting for growth using Walmart as an example.

Module 2:

Earnings Power Value

The methodology to identify and buy securities priced well below their true value.

Module 6:

Amazon Case Study

Calculating the value of a high-growth company in dynamic industry segments.

Module 3:

Strategic Analysis

Understanding the value of scale economies and barriers to entry.

Module 7:

Risk Management

Managing the risks of individual stocks and portfolios through proven financial and management strategies.

Module 4:

Magna International Case Study

Valuation exercise for the automotive market in the aftermath of the financial crisis.

Module 8:

John Deere Case Study

Using the value investing approach to evaluate the attractiveness of John Deere.

For full details of the curriculum, please download the brochure.

Download Brochure

Case Studies

We apply concepts by valuing real companies through case studies from Walmart, Amazon, Intel, Nestlé, John Deere, and others. And we’ll tackle highly-debated topics like: When does growth create value? How can we measure competitive advantage? How should we value risk?

Walmart

How does Walmart’s expansion into China affect our valuation estimates?

Amazon

How does one even approach the valuation of a market giant growing approximately 30 percent per year?

Does the shrinking market for personal computers spell trouble for Intel?

Intel

Does the shrinking market for personal computers spell trouble for Intel?

Magna International

How can we find value in an industry in deep decline?

Ferrovial

When and how can an investor take advantage of a real estate bubble?

John Deere

Capstone case study that cultivates understanding by pulling all the pieces together.

Hudson General

What does it mean when a company has a higher Earning Power Value (EPV) than its Asset Value (AV)?

Nestlé

How has Nestlé grown over the years — organically or via acquisitions?

Note: All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them.

Past Participant Profile

On your journey to learning value investing principles with Columbia Business School Executive Education, you’ll be in good company. Past participants come from a wide range of industries, job functions, and management levels — from more than 40 countries around the world. This program teaches investors and corporate decision makers one of the most successful investment strategies ever developed.

Participants include both entrepreneurs and intrapreneurs, individual contributors, and cross-functional teams. Representative job functions and titles include:

  • CEOs & Managing Directors
  • CFOs
  • CIOs
  • Chairpersons
  • Financial Advisors
  • Financial Analysts
  • Full-time Investors
  • Fund Managers
  • Investment Directors
  • Investment Strategists
  • Portfolio Managers
  • Vice Presidents

Participants include employees from companies like:

  • Accenture
  • Bank of Tokyo and Mitsubishi
  • Credit Suisse
  • Dentsu
  • Deutsche Bank
  • Goldman Sachs
  • HSBC Private Banking
  • Ipsos
  • Johnson & Johnson
  • J.P. Morgan
  • KPMG
  • Merrill Lynch
  • Morgan Stanley
  • PayPal
  • Philip Morris International
  • Shell
  • Volkswagen
  • Wells Fargo

Participant Testimonials

Jaime Casas

Understanding the valuation of a company gave me a different perspective on investments in stocks and how a different perspective can help my strategy. Reading and analyzing qualitative points of view makes me understand the quantitative better. I enjoyed learning about franchise value and understanding a little bit more about barriers to entry.

— Jaime Casas, President, CAA Real Estate Developers

Juancho Paolo Ligaya Jerusalem

The case studies were helpful. It's good to go deep into the financial statements of the companies and learn more about them. I also liked the structure that's been put into investing, something I plan to practice and embed into my investing journey.

— Juancho Paolo Ligaya Jerusalem, Vice President | Marketing Cloud | Asia Growth Economies, Salesforce

Frederick E. Neely

This program clarified all of the concepts that I was reading about this whole time. As a visual learner, it helps to see how things are done and not only helps increase my retention but also gives me a tangible working framework rather than just conceptual knowledge.

— Frederick E. Neely, Financial Solutions Advisor, Bank of America Merrill Lynch

Aneena Urbanek

The program material and its presentation are appropriate and comprehensive. Columbia Business School has a great team that includes Tano, Nielsen, and Leo. The tech support team is super-effective and dedicated and makes the experience very enjoyable.

— Aneena Urbanek, Director, La Leonessa of N. America

Aleks Mitrovic

Tanos' way of explaining the program strongly conveyed the technical aspects along with the philosophical aspects of the program.

— Aleks Mitrovic, Chief Technology Officer, Deploy Partners

Program Faculty

Faculty Member Tano Santos

Tano Santos

David L. and Elsie M. Dodd Professor of Finance, Faculty Co-Director and Head of Research of the Heilbrunn Center for Graham & Dodd Investing

Tano Santos is an expert in value investing at Columbia Business School. His current research focuses on two distinct areas: asset pricing, with an emphasis on theoretical and empirical models that can account for the predictability of returns, and applied economic theory, specifically, the economics of financial innovations as well as theory of organizations. Santos joined the Columbia Business School faculty in 2003.

Certificate

Example image of certificate that will be awarded after successful completion of this program

Certificate

Upon completion of the Value Investing (Online) program, you will receive a certificate of participation from Columbia Business School Executive Education. This certificate also awards two credits towards the Certificate in Business Excellence, which grants select alumni and tuition benefits. Learn More

Download Brochure

Your digitally verified certificate will be issued in your legal name and emailed to you, at no additional cost, upon completion of the program, including all modules of the program (online, in person, or live online, inter-module). All certificate images are for illustrative purposes only and may be subject to change at the discretion of Columbia Business School Executive Education.

FAQs

  • How do I know if this program is right for me?

    After reviewing the information on the program landing page, we recommend you submit the short form above to gain access to the program brochure, which includes more in-depth information. If you still have questions on whether this program is a good fit for you, please email learner.success@emeritus.org, and a dedicated program advisor will follow-up with you very shortly.


    Are there any prerequisites for this program?

    Some programs do have prerequisites, particularly the more technical ones. This information will be noted on the program landing page, as well as in the program brochure. If you are uncertain about program prerequisites and your capabilities, please email us at the ID mentioned above.


    Note that, unless otherwise stated on the program web page, all programs are taught in English and proficiency in English is required.


    What is the typical class profile?

    More than 50 percent of our participants are from outside the United States. Class profiles vary from one cohort to the next, but, generally, our online certificates draw a highly diverse audience in terms of professional experience, industry, and geography — leading to a very rich peer learning and networking experience.


    What other dates will this program be offered in the future?

    Check back to this program web page or email us to inquire if future program dates or the timeline for future offerings have been confirmed yet.

  • How much time is required each week?

    Each program includes an estimated learner effort per week. This is referenced at the top of the program landing page under the Duration section, as well as in the program brochure, which you can obtain by submitting the short form at the top of this web page.


    How will my time be spent?

    We have designed this program to fit into your current working life as efficiently as possible. Time will be spent among a variety of activities including:



    • Engaging with recorded video lectures from faculty
    • Attending webinars and office hours, as per the specific program schedule
    • Reading or engaging with examples of core topics
    • Completing knowledge checks/quizzes and required activities
    • Engaging in moderated discussion groups with your peers
    • Completing your final project, if required

    The program is designed to be highly interactive while also allowing time for self-reflection and to demonstrate an understanding of the core topics through various active learning exercises. Please email us if you need further clarification on program activities.


    What is it like to learn online with the learning collaborator, Emeritus?

    More than 300,000 learners across 200 countries have chosen to advance their skills with Emeritus and its educational learning partners. In fact, 90 percent of the respondents of a recent survey across all our programs said that their learning outcomes were met or exceeded.

    All the contents of the course would be made available to students at the commencement of the course. However, to ensure the program delivers the desired learning outcomes the students may appoint Emeritus to manage the delivery of the program in a cohort-based manner the cost of which is already included in the overall course fee of the course.

    A dedicated program support team is available 24/5 (Monday to Friday) to answer questions about the learning platform, technical issues, or anything else that may affect your learning experience.


    How do I interact with other program participants?

    Peer learning adds substantially to the overall learning experience and is an important part of the program. You can connect and communicate with other participants through our learning platform.

  • What are the requirements to earn the certificate?

    Each program includes an estimated learner effort per week, so you can gauge what will be required before you enroll. This is referenced at the top of the program landing page under the Duration section, as well as in the program brochure, which you can obtain by submitting the short form at the top of this web page. All programs are designed to fit into your working life.

    This program is scored as a pass or no-pass; participants must complete the required activities to pass and obtain the certificate of completion. Some programs include a final project submission or other assignments to obtain passing status. This information will be noted in the program brochure. Please email us if you need further clarification on any specific program requirements.


    What type of certificate will I receive?

    Upon successful completion of the program, you will receive a smart digital certificate. The smart digital certificate can be shared with friends, family, schools, or potential employers. You can use it on your cover letter, resume, and/or display it on your LinkedIn profile.
    The digital certificate will be sent approximately two weeks after the program, once grading is complete.


    Can I get the hard copy of the certificate?

    No, only verified digital certificates will be issued upon successful completion. This allows you to share your credentials on social platforms such as LinkedIn, Facebook, and Twitter.


    Do I receive alumni status after completing this program?

    No, there is no alumni status granted for this program. In some cases, there are credits that count toward a higher level of certification. This information will be clearly noted in the program brochure.


    How long will I have access to the learning materials?

    You will have access to the online learning platform and all the videos and program materials for 12 months following the program start date. Access to the learning platform is restricted to registered participants per the terms of agreement.

  • What equipment or technical requirements are there for this program?

    Participants will need the latest version of their preferred browser to access the learning platform. In addition, Microsoft Office and a PDF viewer are required to access documents, spreadsheets, presentations, PDF files, and transcripts.


    Do I need to be online to access the program content?

    Yes, the learning platform is accessed via the internet, and video content is not available for download. However, you can download files of video transcripts, assignment templates, readings, etc. For maximum flexibility, you can access program content from a desktop, laptop, tablet, or mobile device.

    Video lectures must be streamed via the internet, and any livestream webinars and office hours will require an internet connection. However, these sessions are always recorded, so you may view them later.

  • Can I still register if the registration deadline has passed?

    Yes, you can register up until seven days past the published start date of the program without missing any of the core program material or learnings.


    What is the program fee, and what forms of payment do you accept?

    The program fee is noted at the top of this program web page and usually referenced in the program brochure as well.

    • Flexible payment options are available (see details below as well as at the top of this program web page next to FEE).
    • Tuition assistance is available for participants who qualify. Please email learner.success@emeritus.org.

    What if I don’t have a credit card? Is there another method of payment accepted?

    Yes, you can do the bank remittance in the program currency via wire transfer or debit card. Please contact your program advisor, or email us for details.


    I was not able to use the discount code provided. Can you help?

    Yes! Please email us with the details of the program you are interested in, and we will assist you.


    How can I obtain an invoice for payment?

    Please email us your invoicing requirements and the specific program you’re interested in enrolling in.


    Is there an option to make flexible payments for this program?

    Yes, the flexible payment option allows a participant to pay the program fee in installments. This option is made available on the payment page and should be selected before submitting the payment.


    How can I obtain a W9 form?

    Please connect with us via email for assistance.


    Who will be collecting the payment for the program?

    Emeritus collects all program payments, provides learner enrollment and program support, and manages learning platform services.


    Are there any restrictions on the types of funding that can be used to pay for the program?

    Program fees for Emeritus programs with Columbia Business School Executive Education may not be paid for with Title IV financial aid funds. Participants may be able to pay the program fee with funds from the GI Bill, the Post-9/11 Educational Assistance Act of 2008, or similar types of military education funding benefits. Participants must contact the Columbia University’s Office of Military and Veterans Affairs to determine benefit eligibility.

  • What is the program refund and deferral policy?

    For the program refund and deferral policy, please click the link here.

Didn't find what you were looking for? Write to us at learner.success@emeritus.org or Schedule a call with one of our Program Advisors or call us at +1 315 387 4431 (US) / +44 203 838 0836 (UK) / +65 3138 4449 (SG)

Apply Now

Early registrations are encouraged. Seats fill up quickly!

Flexible payment options available. Learn more.