Oceňování 2025, 18(1):47-60 | DOI: 10.18267/j.ocenovani.300

Discount rate and its parameters in the Czech Republic

Jakub Říha
Pricewaterhouse Coopers Česká republika, s.r.o

This article discusses the main parameters for deriving discount rates at the WACC level using the CAPM in the Czech Republic for company valuation using the income approach. The article first summarizes the observed practice in the Czech Republic, then describes selected parameters of the discount rate, including model examples of various assumptions for the given parameters. Last chapter of the article contains brief reflection on discount rates for valuation of start-ups.

Keywords: Discount rate, WACC, CAPM, cost of equity, cost of debt.
JEL classification: G12, G30

Published: September 1, 2025  Show citation

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Říha, J. (2025). Discount rate and its parameters in the Czech Republic. Oceňování, 18(1), 47-60. doi: 10.18267/j.ocenovani.300
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