Best-Practice EVA tells the new EVA story from the ground up. Stewart covers EVA essentials--the classic economic profit version of EVA--in the first three chapters of the book. He shows readers how simple and intuitive EVA really is, how it is defined, and why it is better than all other measures of corporate profit. You discover how it naturally guides managers into making all the right decisions--the ones that will truly maximize value. You see how to use it in profit-sharing bonus plans that create the powerful incentives of an owner. Later, Stewart introduces new ratios that make EVA much more powerful and much easier to use than ever before. The pinnacle of the new ratio framework is EVA Momentum, calculated by taking the change in EVA versus the prior period, and dividing by the revenues in the prior period. It measures the growth rate in EVA, scaled to the sales size of the business. It is the only corporate performance ratio where bigger always is better, because it gets bigger when EVA does, which means it should be every company's most important financial goal, the one ratio metric that everyone aims to maximize as the key measure of corporate success. Stewart then walks through the nuts and bolts of Best-Practice EVA, kicking off with an in-depth look at EVA Margin, or EVA as a percent of sales. It's a key productivity metric, and Stewart's candidate to replace ROI. The last link in the Best-Practice program is PRVit--the EVA market score report. Stewart shows how to read and interpret the report, how the score is determined, and why investors are turning to it to screen and rate stocks. He also shows why it is finding a home with CFOs and IR directors who want insights into how the market is pricing their stock. The book concludes with battle-tested tips from the firing line, practical suggestions for how you can test drive and adopt Best-Practice EVA at your company.

G. Bennett Stewart III is chairman and chief executive of EVA Dimensions LLC, a financial technology firm that provides software, data, and training and support programs to enable its corporate clients to test and implement Best-Practice EVA. The firm also offers EVA-based equity research services to help institutional fund managers make better informed buy-sell decisions and generate excess returns. Mr. Stewart was a founding partner of Stern Stewart & Co., the EVA consulting firm, from 1982 to 2006. He left to form EVA Dimensions by acquiring assets from Stern Stewart, including the EVA trademark for those assets. Mr. Stewart's other book is The Quest for Value (1991), which has been described as "the definitive management guide to EVA." A globally recognized expert in the field of value-based performance management, incentive compensation, and accounting for value, he is a frequent speaker and author of articles on topics in those fields.