【摘要】 企业价理论是随着现代产权制度的建立和资本市场的出现而产生发展的。本文针对我国商业银行上市中估值问题，在介绍了企业估价的各种模型之后，对其选择的依据进行了分析，并结合我国资本市场的发展程度，分析了我国股份制商业银行特性，指出股权资本自由现金流贴现法是适用于我国股份制商业银行的估值方法。更多还原

【Abstract】 Based on the modern property right system and the development of capital market, enterprise valuation becomes more and more important. It has been a trend for commercial bank to list on the stock market. By introducing main kinds of models in valuation, the paper tries to discuss the valuation criteria of commercial bank. Then by virtue of analysis on China stock market and the difference between commercial bank and normal enterprise, it concludes that the discounted cash flow model of FCFE is suitable to commercial bank valuation.更多还原