Research On Valuation System with Chinese Characteristics Based on Comprehensive Evaluation Model

Abstract

Exploring and establishing a valuation system with Chinese characteristics is of great significance to promoting the better performance of the market resource allocation function. This article comprehensively analyzes the valuation system with Chinese characteristics based on a variety of models. First, by analyzing relevant research reports and policy documents, four first-layer characteristics of the special evaluation are selected, namely policy orientation, value investment, industry characteristics, and capital allocation, and then multiple second-layer indicators are selected. The analytic hierarchy process is used to obtain the weights of indicators at all layers, and the characteristic indicators with the smallest weights are eliminated. Finally, after using entropy weight method to correct the weights, eight secondary characteristic indicators were obtained: strategic conformity, reform potential, price-earnings ratio, return on net assets, subsidy preferences, whether it is a state-owned enterprise, industry concentration, and early investment, and a set of appropriate evaluation index systems for medium and special evaluations were established. , define the special evaluation index.