Clustering And Principal Component Regression In The Application Of The Enterprise Value Evaluation

The enterprise evaluation is an important part of assess,its development restricts ourcountry evaluation industry’s pace of internationalization and modernization.Since reform andopening up, China’s economy has been rapid development.In the context of internationaliza-tion,our country’s economy also gradually took to the internationalization,the economy’sinternationalization is bound to cause the enterprise competition internationalization. At thispoint, the only domestic enterprise evaluation has can’t satisfy the business enterprise merger,acquisition and reorganization, equity division, etc. of international competition.Enterprisevalue assessment in China starts late, formally started in1989, development has less than30years, although had very great progress, but compared with other developed countries ofmore than100years development still exist some problems.This paper studied the domestic and foreign enterprise value assessment theory andpractical aspects of the status quo, for now the deficiency existing in our country from theorybasis, assessment methods, processes, and personnel’s professional quality four aspects hascarried on the analysis: First of all, on the basis of theory, our country’s enterprise valueassessment theory is mainly continue to use of the foreign theory, and due to the specialnational conditions in our country, make we have no way to copy the foreign advancedresearch results, various reasons let our country’s enterprise value assessment theoryrelatively weak;Secondly, in terms of evaluation methods, the domestic appraiser inenterprise value assessment is more depend on the cost method,the enterprise valueassessment abroad mainly uses the more accepted by the market method such as market orincome method;Again, in terms of the evaluation process,the process of evaluating in ourcountry is more subjectivity，however in the process of evaluation abroad more used thequantitative analysis model,thus avoiding the process influenced by the subjective;Finally, inaspect of the evaluation personnel quality, the evaluation personnel quality of our country’sis still relatively low.In order to be able to solve the above problems, and promote the internationalization ofenterprise value assessment in our country,this article from the following several parts:the first part is the full text writing background and methods’ general description,there aredescriptions of the paper research background and the clustering and principal componentregression method and enterprise value evaluation in this paper, research and creative ideas ofthis article, research ascension of than ever before. The second part is theoretical part of thisarticle, to define the basic concept of enterprise value evaluation, compares the threetraditional methods,put forward the clustering and principal component regression method isused to make up for the inadequacy of the three traditional methods. The third part analyzedthe clustering, principal component regression method, and introduces how to use thismethod to the enterprise value evaluation.the fourth part is the clustering principal componentregression method applied in the assessment of enterprise value.using the example ofguangyu group,introduced how to use the clustering principal component.and using the priceof guangyu group non-public class A-shares judged the enterprise value evaluation valueright or not,and proves that the enterprise value assessment by using this method is effectiveand feasible.