Application Research Of The Grey Relational Analysis In Enterprise Value Evaluation Market Method

In recent years, with the continuous development of Chinese market economy, and the enterprises listed on mergers and acquisitions and other economic affairs gradually increased, with it comes the business valuation business is also growing. High growth businesses assess and evaluate the industry is relatively backward outdated assessment methods in stark contradiction contrast. In practice asset valuation, income approach, market approach and cost approach is still the most major three assessment methods. And in specific operations, progressively larger components corresponding lack certain modifications and improvements. As the use of business valuation methods listed companies the market comparison method, the appraiser’s experience components account for a large proportion of the evaluation process, the final results of the assessment has played a pivotal role. This assessment of how to eliminate errors due to appraisers experience problems that arise, this article is to address the core. Currently in the domestic sector asset valuation using the income approach they accounted for a large proportion, and more market approach is in auxiliary functions, the final results of the assessment, the results are often still using the income approach. In the international arena, it is just the opposite. Market because of its simple and effective method of evaluation process, the integrity of the enterprise a good grasp of the dynamics, as well as easier access to favor CPV relevant agencies. The reason why the market approach in the domestic sector assessment neglected, the main reason for the domestic stock market from distrust. China’s securities market started late, mature stock markets in Europe and America can not be compared with the relevant laws and regulations is also lagging behind, information disclosure mechanism is not perfect, to use the law to assess the market caused great difficulties. However, as China’s market economic system and international practice continues, the stock market is constantly being improved, in time, will mature into a market in full compliance with the conditions of use of state law. In the throes of this progressive transformation, assessing community need to do is to continue to improve market law itself, standard operating procedures, try to eliminate the evaluation process may intervene in human factors, so that each step has strict practices can rely on. Such market approach possible to evaluate the effective, fair result.Through theoretical analysis and evaluation to assess the specific practice case studies in depth and maturity of a combination of methods to GT’s case, on the basis of market principles of law and the specific issues in assessing the practical use of some objective and rational discussion analysis. In this paper, the basic theory of the market approach, evaluation and application of the principles and other preconditions for a simple analysis and elaboration, detailing the progress of business valuation, the conventional method-a listed company specific operational procedures of Comparative Law, and noted wherein less dependent appraiser subjective experience, we put forward some improved methods. With a mature and effective mathematical methods gray correlation analysis of comparable companies as a screening method to make the evaluation process more rational, to some extent, to avoid the impact assessment personnel experience of the role of the assessment result. Details carding Listed Companies Law Act comparative evaluation process, the evaluation results were compared with the traditional method, which indicates that the cause of differences. Finally concludes the paper, this paper analyzes innovation and shortcomings.