Along with accounting, relative valuation is an essential foundation for anyone performing valuation work. This Course Pack covers two topics in one complete package. What is the relative value of Apple versus Microsoft? That type of question is addressed in the discussion around public comparables analysis. If Apple was hypothetically interested in acquiring a rival firm, what would be a fair price to pay? We then discuss acquisition comparables to analyze precedent transactions. The Course Pack also includes Excel models for both types of analysis.