本文从分析可转换债券的价值构成入手,提出了评估可转换债券的思路,即可转换债券的价值应由纯债券价值及期权价值共同构成,在评估期权价值时,引入国际公认的Black-Scholes定价模型,并对该模型在我国使用的前提条件、限制因素以及计算结果的调整进行了简单的分析,试图从理论上描绘可转换债券的评估方法。 Starting from the analysis of the value composition of convertible bonds, this paper puts forward the idea of ​​evaluating convertible bonds, that is, the value of convertible bonds should be composed of pure bond value and option value. When evaluating the option value, the paper introduces internationally recognized Black-Scholes Pricing model and the prerequisites, constraints and adjustment of the calculation results of the model used in our country are briefly analyzed in order to theoretically describe the evaluation method of convertible bonds.