Overall Appraisal Theory On The Investment Value Of Chinese Public Companies

Enterprise property investment is a hot issue in modern time. Different company has different object, some are planning to get profit; some other want to carry out strategy expansion; and others anticipate business shift, however we'd better evaluate internal value of the invested company, and think about its potentiality before investing property right.According to Marx's value law, the paper suggests that stock's price is external expression of public company, it fluctuates around the actual value of the company, so the basis of this paper is value investment logos.This paper has adopt company benefit,activity,diathesis and industry analysis, combines quality index and quantity index, brings forward a perfect index system of public company, then makes all kinds of index consistent with range normalization method, finally, calculates the companies' relative internal value according to different weighting. Furthermore, this paper has demonstrated the investment value of 18 public companies in Shanghai and Shenzhen, the conclusion is over half of the companies' values have passed their market price.