在股票市场上总会存在能够与第一次公开发行的公司类似的可比公司。这些公司股票的市场价格,反映了当前投资者对这类公司的估价。通过这些可比公司的一些能够反映估值水平的量化指标,我们就能够估计首次公开发行的公司价值,此为可比公司法。使用可比公司法估值,通常包含以下步骤:寻找合适的可比公司、确定合适的指标、估算公司的价值。 There are always comparable companies on the stock market that can be similar to the first public offering. The market prices of the shares of these companies reflect the current investor’s valuation of such companies. Through these quantitative indicators of comparable companies that reflect the valuation level, we can estimate the value of the initial public offering company, which is a comparable company law. The use of comparable company valuation usually involves the following steps: Find a suitable comparable company, determine the appropriate indicators, and estimate the value of the company.