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AbstractBusinessvaluationisbecomingthemajorityofbusinessmanagersandinvestors,financialmanagement,animportantreferencebasisforinvestmentdecisions,whilemergerandreorganizationamongenterprises,equitytransactions,provideaneffectivevaluationtool.Realoptionstheoryoffinancialoptionsinkind(non-financial)assets,theextensionoption,wecanbetheunderlyingassettheoptioniscallednon-financialassets,realoption.Astheunderlyingassetisnotstockoptions,bonds,futuresorcurrencyandotherfinancialassets,butaspecificinvestmentproject,theprojectcanunderstandthecorrespondingequipment,physicalassetssuchasland,therefore,describingthemasrealoptions.Atpresent,moredevelopedcapitalmarketsinforeigncountries,businessvaluationtheoryandmethodologyhavebeenmaturing,andinnationalassessmentsisnotenoughin-depththeoreticalstudytoassessthemethodologyisnotperfect,enterprisevalueassessmentmethodfordomesticusearemainlydiscountedcashflowFrance,therelativevaluationmethod,options,pricingandsoon,mostofthemethodsinpracticetherearetechnicallimitationsandincompletetheoreticalsystem,thispaperbelievesthatlawisagreatoptionobjectivity,anditsvaluationoftheApplicationsshouldbefurtherstrengthened,sohechosetocalllawonourpartoftheassessmentofthevalueoflistedcompanies.Inthispaper,12basedondatafromthecementindustry,theuseofoptionsmethodtocalculatethevalueofitsfive-yearassessment,andtodowiththeactualmarketvalueofcontrast,found：First,theoptionmethodforthesubjectiveappraisaloftheparameterssuchasmaturity,changesinrisk-freerateofreturnisnotsensitivetothesubjectivityofthismethodshowslittleeffect.Second,themarketvalueoftheoptionmethodisalwaysaroundtheassessmentofthevalueobtainedbyfluctuationsshowsthattheassessmentmethodtogetthevalueofoptionscanbeusedastheintrinsicvalueofcompanies.Third,theoptionvalueoflawistheassessmentofthevarianceofsmaller,indicatingthevalueofoptionsassessmentmethodismorestablethanthemarketvalue. KeyWords：EnterpriseValueRealOptionIIValuation 独创性声明本人郑重声明：今所呈交的《期权法在企业价值评估中的应用》论文是我个人在导师指导下进行的研究工作及取得的科研成果。尽我所知，文中除了特别加以标注和致谢
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