Advanced Valuation - DTA Impact on DCF

Hi Monkeys,

I got a question in an interview on how DTAs impacts a DCF.

Am I correct to think that DTA reduces tax (bcs of NOLs) and hence produces a higher valuation?

5,785 WSO Academy Investment Banking Session Reviews: 4.82/5

Georgetown McDonough School of Business

Class of '29 Jul 2026 Cohort

5.00/5

Investment Banking Mock Interview

“Julius was an excellent mentor and made the mock interview feel both challenging and constructive. He asked realistic investment banking questions and did a great job explaining not only what I could improve, but why certain answers were stronger. His feedback was specific, actionable, and immediately useful, particularly around structuring my responses and communicating my thought process more clearly. I also appreciated how approachable and encouraging he was throughout the session. I came away with several concrete takeaways that I can apply to future interviews, and I would absolutely work with Julius again. ”

SDA Bocconi School of Management

Class of '25 Oct 2026 Cohort

4.70/5

Investment Banking Full Resume Review

“The mentoring sessions were extremely valuable and played an important role in improving both the quality and the overall presentation of my CV. The mentor took the time to go through every single aspect of the document in great detail, providing clear and practical feedback on the content, structure, wording, and overall positioning of my experiences. One of the most valuable aspects of the sessions was the mentor’s ability to understand the specific requirements and expectations of the Investment Banking industry. Rather than simply making general improvements, he carefully reviewed each section of my CV and helped me identify how to better present my academic background, professional experiences, skills, and achievements in a way that is relevant and attractive to Investment Banking recruiters. The mentor also completely restructured the CV, helping me move from an initial version to a polished final format specifically suited to Investment Banking applications. The final result was much more concise, professional, and impactful, while ensuring that the most relevant information was clearly highlighted. His attention to detail was particularly helpful in improving the wording and making each bullet point more focused on achievements and measurable impact. Another aspect I particularly appreciated was his responsiveness. He was extremely quick in answering my questions and providing feedback, which made the entire process very efficient. Whenever I had doubts or needed clarification, I received a prompt and detailed response, allowing me to continuously improve the CV without unnecessary delays. Overall, the mentoring sessions provided significant value and gave me a much clearer understanding of how to position my profile for Investment Banking opportunities. I am very satisfied with the final version of my CV and with the level of guidance and support provided throughout the process. I would highly recommend this mentoring experience to anyone looking to strengthen their CV and prepare it effectively for a career in Investment Banking.”

See All 10,803 WSO Academy Reviews

1 Comments

WSO Monkey Bot

O

4y

Voluptas sunt odio et aut et est atque. Beatae cupiditate a aspernatur corrupti sequi et quis. Quo laborum sed praesentium rerum error. A non eum accusantium quos enim reiciendis. Architecto non saepe nihil fugit aperiam.

Animi quae dolore amet voluptates. Maiores odit velit asperiores quisquam perferendis quaerat nihil. Aperiam sapiente voluptate aut. Explicabo corrupti rem quis dolore et corporis repellat.

+211	Just One More Year	17	4h
+173	Piper Sandler in talks to acquire PWP	74	5d
+124	UBS Appears to be Exploring Sale	19	2d
+87	Paradise Is Paradise	8	9h
+77	Drunk VP. How to manage?	27	1d
+38	How do I take my foot off the gas? (AN1)	4	1d
+38	Lazard US Views 2026/2027	13	1d
+32	M&A is Paradise	1	6d
+25	Why did EVR succeed vs GHL or PWP that ended up getting acquired?	7	3d
+24	HR is starting to worry me, do I throw a hail mary during an upcoming chat with an MD?	4	51m

1	redever	99.2
2	kanon	99.0
3	BankonBanking	99.0
4	Secyh62	99.0
5	DrApeman	98.9
6	dosk17	98.9
7	CompBanker	98.9
8	Betsy Massar	98.9
9	GameTheory	98.9
10	numi	98.8

Elite Career Bootcamp. Top Job Offer Guaranteed.

Elite Career Bootcamp. Top Job Offer Guaranteed.

Advanced Valuation - DTA Impact on DCF

Score Breakdown

Feedback

Score Breakdown

Feedback

Elite Career Bootcamp. Top Job Offer Guaranteed.

Elite Career Bootcamp. Top Job Offer Guaranteed.

Advanced Valuation - DTA Impact on DCF

See All Comments - 100% Free

Trending Content - Investment Banking Forum