期权理论在股票价值估算中的应用

The Application of Option Theory in the Estimating the Value of Stocks

主要以上市公司云南天化集团有限公司的实际财务数据为例,分析了传统的股票价值估价方法与期权的股票价格估算方法的应用及其缺陷,结论如下:期权的股价估算方法更加可靠,可成为投资者进行股票投资的主要依据之一。

According to the actual financial data of listed company of YUNNAN YUNTIANHUA CO, LTD, the paper analyzes the application and shortcomings of the traditional method and the option method of estimating the value of stocks. The conclusion is ： the option method of estimating the value of stocks is more reliable and it could become one of the main basis of investment of stocks.