企业价值评估市场法与收益法比较分析.doc

PAGE PAGE 2 企业价值评估市场法与收益法比较分析 摘要：企业价值评估中比较重要的方法是市场法和收益法，本文先从原因入手，分析了为什么主要分析这两种方法，并对这两种方法进行了详细的叙述和分析，说明了两种方法的应用前提，主要原理公式和优缺点。在后面部分详细的对两种方法进行了分析，说明市场法应用起来比较直接快捷，收益法从本质中反映企业价值。经过分析我们可以发现，不同的方法适用于不同的企业，没有一个方法可以适用于全部情况。要得到全方位的企业价值评估结果，可以对同一个企业应用不同的分析方法，最终得到一个比较综合的结果。 关键词：企业价值；评估方法；市场法；收益法 Market approach and income approach compared about business valuation Abstract: Business valuation method is the more important market approach and income approach, the reasons for this start, analyzes why the primary analysis of these two methods, and the two methods described and analyzed in detail to illustrate the two methods The application of the premise, the main principle of the formula and the advantages and disadvantages. In the later part of the detailed analysis of the two methods shows that the market is relatively straightforward and efficient method to apply it, the income approach is essentially reflected in enterprise value. Through analysis we can find different ways for different companies, there is no way to apply to all situations. To get the results of a full range of business valuation, business applications can be different for the same analytical methods, and ultimately get a more comprehensive results. Key words: Enterprise Value; Assessment methods; Market approach; Income Approach 目录 TOC \o 1-3 \h \z \u HYPERLINK \l _Toc295828894 1企业价值评估含义及意义 PAGEREF _Toc295828894 \h 3 HYPERLINK \l _Toc295828895 2市场法评估企业价值的基本要点 PAGEREF _Toc295828895 \h 3 HYPERLINK \l _Toc295828896 2.1市场法的基本原理 PAGEREF _Toc295828896 \h 3 HYPERLINK \l _Toc295828897 2.2市场法分析中的具体方法简介 PAGEREF _Toc295828897 \h 4 HYPERLINK \l _Toc295828898 2.2.1市盈率估计法 PAGEREF _Toc295828898 \h 4 HYPERLINK \l _Toc295828899 2.2.2市净率估计法 PAGEREF _Toc295828899 \h 4 HYPERLINK \l _Toc295828900 2.2.3收入乘数法 PAGEREF _Toc295828900 \h 5 HYPERLINK \l _Toc295828901 2.2.4彼得.林奇增长率法 PAGEREF _Toc295828901 \h 5 HYPERLINK \l _Toc295828902 2.3用市场法评估企业价值的优缺点分析 PAGEREF _Toc295828902 \h 5 HYPERLINK \l _Toc295828903 2.3.