企业价值评估方法分类及其利弊分析

The Ways to Evaluate the Value of Company and Their Pros and Cons

在不完全信息条件下,众多市场参与者对企业的未来收益的不同预期、风险判断、信息多寡衍生出了各种各样的企业价值评估方法。本文遵循市场演进和经济学发展的逻辑,将现行的企业价值评估方法分为四类,即账面价值调整法、市场比较法、现金流量折现法和期权估价法,并对这些方法进行了比较分析。

Under the condition of incomplete information, many bodies participating the market have different prospects, judges of danger. The amount the information decides the ways to evaluate the value of company. Following the market logic of evolution and development, the paper catalogs the ways into four kinds and does the comparative analysis on them.