Clifford S. Ang

Clifford Ang is an Executive Vice President at Compass Lexecon based in Oakland and Chicago.

Clifford Ang specializes in valuing businesses & hard-to-value assets and analyzing complex financial statement issues. He has worked on hundreds of engagements involving firms across a broad spectrum of industries concerning a wide range of financial and economic issues, such as appraisals, complex asset pricing, solvency, lost profits, securities, market efficiency, loss causation, and damages.

He was previously Vice President for Finance at a real estate development firm, where he was in charge of accounting and corporate finance and was responsible for financial planning & analysis (FP&A), working capital management, capital budgeting, and investments.

Ang also teaches the equity and bond valuation courses in DataCamp, an interactive learning platform for data science. Previously, he has held teaching appointments at several universities, the last of which was at DePaul University in Chicago, Illinois where he taught investments.

He is the author of Applied Valuation: A Pragmatic Approach (DeGruyter) and Analyzing Financial Data and Implementing Financial Models Using R (Springer). He has also published several practitioner-oriented valuation articles. In 2017, his articles on the size premium and debt betas/beta unlevering formulas were the two highest rated articles on NACVA’s QuickRead.

Ang is a CFA Charterholder and an Accredited Valuation Institute Analyst. He holds an M.S. in Finance and B.S. in Business Administration majoring in Finance and Accounting. He is also an Expert Member & Accredited Member of the Business Valuation Institute UK and a member of CFA Institute, CFA Society San Francisco, and American Finance Association. He was a recipient of the 2023 Distinguished Alumni Award from the University of the Philippines Virata School of Business.