Private Equity Modeling Tests

Practice private equity modeling with hands-on financial modeling tests covering 3-statement modeling, DCF, and LBO.

3-Statement Modeling Tests

Build integrated financial models connecting the income statement, balance sheet, and cash flow statement.

Test 1 Easy

Simple 3-Statement Model

Build a straightforward integrated model connecting the three financial statements.

45 mins Easy
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Test 2 Medium

Medium 3-Statement Model

Practice a more detailed integrated financial statement model with additional forecasting work.

1 hr Medium
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Test 3 Hard

3-Statement Model — Amazon

Build an integrated financial model using historical and forecast financial statements for Amazon.

3 hrs Hard
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Test 4 Hard

3-Statement Model — Nucor

Take on a longer, more detailed 3-statement modeling case based on Nucor's financials.

4 hrs Hard
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DCF Modeling Tests

Practice forecasting free cash flow, calculating terminal value, discounting cash flows, and building complete valuation models.

Test 1 Easy

Simple DCF Model

A straightforward DCF exercise covering the core mechanics of forecasting free cash flow, calculating terminal value, and discounting cash flows to arrive at enterprise value.

45 min Easy
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Test 2 Medium

DCF Model — WebMD

Build a more complete DCF model using historical financials, operating forecasts, valuation assumptions, and sensitivity analysis.

1 hr Medium
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Test 3 Medium

DCF Model — Activision Blizzard

Practice building a DCF from company financials and operating assumptions while connecting the forecast, valuation, and trading comparables into one integrated model.

1.5 hrs Medium
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Test 4 Hard

DCF Model — Oracle

An advanced DCF modeling test designed to challenge your ability to build a detailed forecast and valuation model using realistic company financials.

3 hrs Hard
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Test 5 Hard

DCF Model — Target

An advanced DCF modeling test that challenges you to forecast Target’s merchandise category revenue, model margin recovery and working capital, calculate WACC using peer betas, and value the business using two terminal value methods.

3 hrs Hard
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LBO Modeling Tests

Practice building leveraged buyout models, forecasting operating performance, modeling debt paydown, and calculating sponsor returns.

Test 1 Easy

Paper LBO

Practice the core mechanics of an LBO and calculate sponsor returns using a simplified transaction structure.

45 min Easy
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Test 2 Easy

Simple LBO Model

Build a complete introductory LBO model with operating projections, debt paydown, exit assumptions, and sponsor returns.

1 hr Easy
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Test 3 Medium

Advanced LBO Model

Work through a more detailed LBO transaction with integrated operating forecasts, debt schedules, and returns analysis.

1.5 hrs Medium
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Test 4 Hard

LBO Model — PETM

Tackle a comprehensive private equity modeling case with a detailed transaction structure, operating model, debt paydown, and sponsor returns analysis.

5 hrs Hard
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Ready to practice?

Build private equity models hands-on and strengthen the skills used in private equity interviews and real-world investment analysis.

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