目前我国企业并购活动越来越多,但是对于估值这一核心问题的研究尚不发达,还处于起步发展阶段,不仅流程不甚规范,方法也有很多问题。笔者结合实践对并购估值活动的流程和要点做了总结,并分析了市场法等三种常用的估值方法和具体适用条件。 At present, there are more and more M & A activities in our country, but the research on the core issue of valuation is still underdeveloped and still in the initial stage of development. Not only the processes are not standardized but the methods have many problems. The author summarizes the process and key points of M & A valuation activities in combination with practice, and analyzes three common valuation methods and specific applicable conditions such as market method.