TWI735129B - Method and system for determining enterprise value or intangible asset value using risk rating - Google Patents

Abstract

A method and system for determining the value of an enterprise or intangible assets by using risk ratings. It mainly includes the pre-process of judging the risk ratings of enterprises or intangible assets and calculating multiple estimates, and then using risk ratings and market characteristics. The method effectively converges the number of estimates, and then determines the best value of the enterprise or intangible assets.

Description

Method and system for determining enterprise value or intangible asset value using risk rating

The present invention relates to an evaluation system, especially a method and system for determining the value of an enterprise or intangible assets by using a risk rating.

Social and economic development is accompanied by industrial changes, and the operation and development of enterprises inevitably require external funds. In order for foreign capital owners to understand the status of the enterprise, a fair and objective evaluation report is necessary for reference.

In recent years, in addition to measuring the tangible corporate value, the evaluation of companies has also paid more and more attention to the intangible assets owned by the company (such as patented technology and patent rights), and can more completely evaluate all aspects of the company. However, there are many different theoretical research results for statistical analysis and estimation of enterprise value or intangible asset value. The estimated value and the measurement factors are different, and the final estimated results often differ greatly. Therefore, it is difficult to provide a credible estimation result of the relevant industry, which has been a common problem in this field since the beginning of the value.

In view of the shortcomings of the prior art, the inventor of this case concentrated on studying and analyzing the ways of improvement, and after continuous attempts, he finally completed the present invention.

The main purpose of the present invention is to provide a method and system for determining enterprise value or intangible asset value by using risk rating. It mainly uses the estimated value estimated by various pricing theories to bring in risk factors for preliminary convergence, and other subsequent convergence procedures, which are appropriate To determine the best appraised value of the enterprise or intangible assets.

In order to achieve the above-mentioned purpose, the object to which the method of the present invention can be applied can be an enterprise or an intangible asset. The main technical methods adopted include: assessing the risk rating of one of the objects based on the financial data of the object; using plurals A plurality of evaluation formulas are calculated based on the financial data of the subject matter, and the plurality of estimated values calculated above are sorted according to the numerical value; according to the ratio of the risk rating relative to the total grade and the position of the high and low, the corresponding selection is reversed The estimated value of the proportion of the number of transactions; the selected estimated value is measured by market characteristics, and the estimated value that meets the market characteristics of the subject matter is screened and retained; the value of the subject matter is determined by the retained estimated value.

Furthermore, in the process of determining the value of the subject matter by the estimated value retained in the present invention, if the estimated value retained is a single transaction, the value of the subject matter is determined by the estimated value, and if the retained value is retained When the estimated value is plural, the present invention further measures the value interval of any two combinations of the plural estimated values retained, and selects the two estimated values that are closest and does not exceed a preset confidence interval to determine the value of the subject matter .

Among them, the plural evaluation formulas used in the present invention may be evaluation formulas priced according to the cost method, the income method, or the market method, respectively.

According to the above method of the present invention using risk rating to determine value, it can be further applied to a system for evaluating enterprise value or a system for evaluating enterprise value and intangible asset value.

In the part of evaluating the value of an enterprise, the system configuration to which the present invention is applied includes at least a first input module, an enterprise diagnosis module, and an enterprise evaluation module; the input module is used for users to input information about an enterprise Financial data; the enterprise diagnostic module is connected to the first input module for judging one of the company’s corporate risk ratings based on the company’s financial data; the enterprise evaluation module is connected to the first input module and the company’s diagnostics The module uses a plurality of enterprise evaluation formulas to respectively calculate a plurality of enterprise estimates based on the financial data of the enterprise, and executes at least one risk convergence procedure and a characteristic convergence procedure to determine the value of the enterprise; among them, the risk convergence procedure It is to sort the estimated values of the above-mentioned multiple enterprises according to the numerical value, and select the corresponding proportion of the enterprise estimates according to the ratio of the enterprise risk rating to the total grade and the position of the enterprise; the characteristic convergence procedure is The market characteristics are used to measure the estimated value of the enterprise selected by the aforementioned risk convergence procedure, and the estimated value of the enterprise that meets the market characteristics of the enterprise is screened and retained.

In the part of evaluating intangible assets, the system configuration of the present invention is applied, which is based on the above-mentioned system for evaluating enterprise value, and further includes a second input module, an intangible asset diagnosis module, and an intangible asset evaluation module. ; The second input module is used for the user to input the enterprise’s intangible asset data; the intangible asset diagnostic module is connected to the second input module and the enterprise diagnostic module for the basis of the enterprise’s financial data and The intangible asset data judges the risk rating of one of the intangible assets of the enterprise; the intangible asset evaluation module connects the first input module, the second input module, and the intangible asset diagnostic module, using multiple intangible asset evaluation formulas According to the company’s intangible asset data and financial data, a plurality of intangible asset estimates are calculated, and at least one risk convergence procedure and one characteristic convergence procedure are performed to determine the value of the enterprise’s intangible assets; among them, the intangible asset evaluation module The risk convergence procedure implemented is to first sort the estimated values of the above-mentioned intangible assets according to the numerical value, and compare the intangible asset risk rating to the total The ratio of the grade and the position of the high and low positions are reversed to select the estimated value of the corresponding number of intangible assets; the characteristic convergence procedure executed by the intangible asset evaluation module is to measure the estimated value of the intangible assets selected by the aforementioned risk convergence procedure based on market characteristics. Filter and retain the estimated value of intangible assets that meet the characteristics of the intangible asset market.

According to the above system architecture, after the enterprise evaluation module performs the feature convergence procedure, if the retained enterprise estimate is a single transaction, the enterprise estimate is used to determine the value of the enterprise. If the retained enterprise estimate is When it is a plural number, an interval convergence procedure is further executed; the interval convergence procedure executed by the enterprise evaluation module is to measure the value interval of any two combinations of the plural enterprise estimates retained, and select the closest and not more than a predetermined value interval. Set up two enterprise estimates of the confidence interval to determine the value of the enterprise.

According to the above system architecture, after the intangible asset evaluation module executes the characteristic convergence procedure, if the retained intangible asset estimate is a single transaction, the intangible asset estimate is used to determine the value of the enterprise’s intangible asset. When the estimated value of the retained intangible assets is plural, an interval convergence procedure is further performed; the interval convergence procedure executed by the intangible asset evaluation module is to measure the value interval of any two combinations of the retained plural estimated intangible assets. The two estimated values of intangible assets that are closest to and do not exceed the preset confidence interval are selected to determine the value of the intangible assets of the enterprise.

In order to gain a more detailed understanding of the above-mentioned objectives, features, and functions of the present invention, a preferred embodiment of the present invention is described in conjunction with the accompanying drawings as follows:

1‧‧‧Risk Evaluation System

10‧‧‧Industry Data Database

11‧‧‧The first input module

12‧‧‧Data Conversion Module

13‧‧‧Financial Analysis Module

14‧‧‧Comparison data module

15‧‧‧Enterprise Diagnostic Module

16‧‧‧Enterprise Evaluation Module

161‧‧‧Cost Method Module

162‧‧‧ Income Method Module

163‧‧‧Market Law Module

17‧‧‧Report output module

21‧‧‧Second input module

22‧‧‧Data Conversion Module

23‧‧‧Intangible Assets Diagnostic Module

24‧‧‧Intangible Asset Evaluation Module

241‧‧‧Cost Method Module

242‧‧‧ Income Method Module

243‧‧‧Market Law Module

25‧‧‧Report output module

S0‧‧‧Value calculation program

S1‧‧‧Risk Convergence Procedure

S11‧‧‧Sequencing program

S12‧‧‧Select program

S2‧‧‧Characteristic convergence program

S3‧‧‧Interval Convergence Program

S4‧‧‧Determining the value process

Figure 1 is a schematic flow diagram of the method of the present invention;

Figure 2 is a schematic diagram of the system architecture of the preferred embodiment of the present invention, which is mainly related to the part of enterprise evaluation;

Figure 3 is a schematic diagram of most of the system architecture of the preferred embodiment of the present invention;

Figure 4 is a schematic diagram of the system architecture of a preferred embodiment of the present invention, which is mainly related to the evaluation of intangible assets.

Please refer to Figure 1, it can be seen that the present invention mainly uses risk rating as a factor to measure the value of the subject matter, reasonably and effectively screens the estimated values estimated by a variety of theories, and then determines the final and best estimation results, and finally screens out The estimated value of is used as the evaluation value of the subject matter; wherein, the subject matter to which the method of the present invention is applicable can be an enterprise or an intangible asset.

The method of the present invention is mainly applied to a risk evaluation system 1 (with reference to Figures 2 to 4), the risk evaluation system 1 is preset with risk rating specifications, so as to first judge the risk rating of one of the objects; In practice, the evaluation of the risk rating, the embodiment of the present invention mainly uses the financial data of the subject matter and the similar data obtained from an industry data database 10 to compare, and then evaluate the risk rating of the subject matter; The standard of risk rating can be determined according to needs, such as the use of authority and index analysis of the degree of risk, and divided by levels. The embodiment of the present invention mainly regulates three levels of high, medium, and low, and each major level is divided into three levels. Three small levels form a total of nine levels of risk rating norms.

The process of calculating and determining the value of the subject matter in the present invention can be divided into value calculation program S0, risk convergence program S1, characteristic convergence program S2, and interval convergence program S3. And determine the value procedure S4 and other steps; in the value calculation procedure S0, a plurality of evaluation formulae are used to calculate a plurality of estimated values based on the financial data of the subject matter, and the plurality of evaluation formulae are based on the cost method and the income method respectively. Or the evaluation formula of market valuation; in the risk convergence procedure S1, a sorting procedure S11 is performed first, and the plural estimated values calculated above are sorted according to the numerical value, and then a selection procedure S12 is performed, and the risk rating is relative Select the estimated value of the corresponding proportion in the reverse of the proportion of the total grade and the high and low position; when performing the characteristic convergence procedure S2, the selected estimated value is measured by market characteristics, and the ones that meet the market characteristics of the subject matter are selected and retained Estimated value; then, it will first determine that the estimated value retained by the characteristic convergence procedure S2 is a single or plural number. If it is a single, directly enter the value determination procedure S4, and use the estimated value to determine the value of the subject matter. If it is a plural number, enter the interval convergence procedure S3 first, measure the value interval of any two combinations of the retained plural estimates, select the two estimates that are closest to and not exceed a preset confidence interval, and then enter The value determination procedure S4 uses the two estimated values to determine the value of the subject matter.

The following takes a case to further illustrate the above process of the present invention. For example, the aforementioned risk rating specification has 9 levels as an example. Suppose that the risk rating of the subject matter is judged by the system as the higher risk level 3 (the highest risk is level 1 ), 72 estimated values are calculated in the value calculation program S0, and the ranking program S11 of the risk convergence program S1 is sorted according to the numerical value as follows:

In the selection procedure S12, the estimated value of the corresponding proportion is selected according to the proportion of the risk rating relative to the total grade and the high and low position. The practical operation can be based on the 9 levels of the risk rating to average the 72 to the estimated value. Divide into 9 groups (for example, the first group is 133,261~145,236, the second group is 145,236~185,854, the 9th group is 773,505~2,109,671), the target is the risk rating of the third highest risk level, so the selection is reverse Select the group with the third lowest estimated value, that is, the group from 185,854 to 199,494, and select a total of 8 estimates in this group.

The characteristic convergence procedure S2 is then carried out, which is based on market characteristics for measurement and screening. The practical operation can measure which of the 8 estimated values are calculated using public or non-public issuance market factors, and filter and retain the market characteristics of the subject matter. Assuming that the 8 selected estimates mentioned above have been screened and there are three estimates of 187,978, 197,207, and 198,351 that match, these three estimates are retained for subsequent procedures.

Since the number of retained estimates is plural, the interval convergence procedure S3 is performed based on the value interval of any two combinations of the retained three estimates (maximum 5.52%, minimum 0.58%), and select the closest and Two estimates that do not exceed a preset confidence interval (assuming that the preset confidence interval is 10%), that is, select two estimates of 5.52%, 187,978, 198,351, and then enter the value determination procedure S4, that is, use the two estimates The estimated value determines the value of the object, that is, the final value of the object is 187,978~198,351.

By using the risk rating of the present invention to determine the value of the enterprise or the value of intangible assets The method can use risk factors as a measure, reasonably and effectively converge a variety of estimation results, and determine the best appraisal value of the enterprise or intangible assets.

Please also refer to Figures 2 to 4, which are a preferred embodiment applying the technical features of the present invention such as pricing and convergence. It is a risk evaluation system 1, which can be used to provide enterprise risk diagnosis and evaluation. The main components include at least There is an industry data database 10, a first input module 11, an enterprise diagnosis module 15, and an enterprise evaluation module 16. In this embodiment, the risk evaluation system 1 can also provide further risk diagnosis of enterprise intangible assets And evaluation, its composition further includes a second input module 21, an intangible asset diagnosis module 23, and an intangible asset evaluation module 24.

Among them, for the part about enterprise risk diagnosis and evaluation, you can refer to Figures 2 and 3 in conjunction. The industry data database 10 stores relevant industry data of various industry categories, which mainly collects and aggregates relevant information from the outside. Filtered and converted into data applicable within the system.

The first input module 11 provides an interface for the user to operate, for the user to enter the financial data of the enterprise, such as basic enterprise information, annual, financial statements (balance sheet, income statement), industry, enterprise category, and financial forecast And other data; the first input module 11 is connected to a data conversion module 12, the data conversion module 12 converts the enterprise financial data entered by the user into the system's internal applicable data or data format; the data conversion module 12 A financial analysis module 13 is connected. The financial analysis module 13 statistically analyzes the relevant data for diagnosis based on the converted data, such as the financial ratio of the enterprise, the rate of change over the years, etc.; the financial analysis module 13 also A comparison data module 14 is connected. The comparison data module 14 obtains the data from the industry data database 10 according to the industry, category, year and other conditions of the company. The corresponding comparison data.

The enterprise diagnostic module 15 is connected to the financial analysis module 13 and the comparison data module 14. According to the statistical analysis of the financial ratio of the enterprise, the enterprise’s financial structure, solvency, operating capacity, and profitability Profitability and cash flow, provide the conclusion of the company’s diagnosis, and judge the company’s risk rating based on the preset corporate risk rating norms.

The enterprise evaluation module 16 connects the data conversion module 12, the enterprise diagnostic module 15 and the industrial data database 10 respectively, and mainly executes the value calculation program S0, the risk convergence program S1, the characteristic convergence program S2, and the interval Convergence procedure S3 and value determination procedure S4 that determine the value of the enterprise. Among them, the value calculation program S0 is based on the financial data of the enterprise and the relevant data obtained from the industrial data database 10, using a plurality of enterprise evaluation formulas to calculate a plurality of enterprise estimates, and the plural enterprise evaluation formulas can be constructed separately The cost method pricing evaluation formula in the cost method module 161, the income method pricing evaluation formula constructed in the income method module 162, and the market method pricing evaluation formula constructed in the market method module 163; the cost method module 161 is mainly Use corporate financial data, exchange rates, major financial ratios in the industry and other data to bring in the built-in asset method model to calculate the estimated value of the enterprise; the income method module 162 mainly uses corporate financial data, interest rates, return rates, risk factors, and growth Calculate the company’s estimated value by bringing in the built-in surplus capitalization method model, asset return method model, excess surplus storage method model, surplus (cash flow) discount method model, etc. Group 163 mainly uses data such as corporate financial data, analogue investment capital market value multiples, equity market value multiples, discount and premium rates, etc., to bring into the built-in investment capital market multiple model, equity market value multiple model, etc. to calculate the estimated value of the enterprise.

After calculating multiple enterprise estimates in the value calculation procedure S0, execute them in order The convergence procedure determines the best result; first, the risk convergence procedure S1 is executed, which is to sort the estimated values of the above-mentioned inferred enterprises according to the numerical value, and according to the ratio of the enterprise risk rating to the total grade and the reverse position To select the company's estimated value of the corresponding proportion of the number; secondly, perform the characteristic convergence procedure S2, which is to measure the estimated value of the enterprise selected by the aforementioned risk convergence procedure S1 by the market characteristic, and select and retain the enterprise estimated value that meets the market characteristic of the enterprise . After that, if the retained enterprise estimate is a single transaction, skip directly to the value determination procedure S4, and use the enterprise estimate to determine the value of the enterprise, and if the retained enterprise estimate is multiple, the interval will be executed first Convergence procedure S3, to measure the value range of any two combinations of the retained plural enterprise estimates, select the two enterprise estimates that are closest to and not exceed a preset confidence interval, and then execute the value determination procedure S4 to take the two enterprise estimates The estimated value determines the value of the enterprise; finally, a report output module 17 can output the enterprise's risk and diagnosis conclusions and the determined enterprise value.

The following is about the part of intangible asset risk diagnosis and evaluation. You can refer to Figures 3 and 4 together. Among them, the second input module 21 provides a corresponding input interface and measurement block options for the user to input the The company’s intangible asset data, such as the basic information of intangible assets, technology name, patent certificate number, reference date, etc., are available for users to choose according to preset measurement block options; the second input module 21 is connected to a data conversion Module 22, which converts the enterprise intangible asset data and measurement block options entered by the user into the applicable data or data format within the system.

The intangible asset diagnostic module 23 is respectively connected with the data conversion module 22, the enterprise diagnostic module 15 and an external database 20, based on user input and selection of intangible asset data, and related information obtained from the external database 20 Data, as well as relevant corporate financial data brought in from the corporate diagnostic module 15, comprehensively analyze the capabilities and technical aspects of the operators, Industrial application and market competition, provide intangible asset diagnosis conclusions, and judge the risk rating of the intangible asset according to the preset risk rating norms for intangible assets.

The intangible asset evaluation module 24 is connected to the data conversion module 12 for converting corporate financial data, the data conversion module 22 for converting intangible asset data, the intangible asset diagnostic module 23, and the industrial data database 10, respectively. Mainly perform value calculation program S0, risk convergence program S1, characteristic convergence program S2, interval convergence program S3, and value determination program S4 that determines the value of the enterprise's intangible assets. Among them, the value calculation program S0 is based on the financial data of the enterprise, the intangible asset data of the enterprise, and the relevant information obtained from the industrial data database 10, using multiple intangible asset evaluation formulas to calculate the estimated value of multiple intangible assets. Intangible assets evaluation formulas can be the cost method evaluation formula constructed in the cost method module 241, the income method evaluation formula constructed in the income method module 242, and the market method evaluation formula constructed in the market method module 243; The cost method module 241 mainly uses the price index, service life and other data to bring into the built-in market price analog method model, index method model, replacement cost method model, etc. to calculate the estimated value of intangible assets; the income method module 242 is mainly calculated by using data such as royalty ratio, interest rate, rate of return, risk coefficient, durability years, etc., into the built-in incremental income method model, excess return method model, royalty method model, factor contribution method model, etc. Estimated value of intangible assets: The market method module 243 mainly uses data such as analog technology transaction prices to bring in the built-in analog value adjustment model to calculate the estimated value of intangible assets.

After the value calculation program S0 of the intangible asset evaluation module 24 calculates a plurality of intangible asset estimates, the convergence process is executed in order to determine the best result; first, the risk convergence process S1 is executed, which is ranked according to the numerical value. The estimated value of a plurality of intangible assets is calculated, and the ratio of the risk rating of the intangible asset relative to the total grade is reversed from the high and low position Select the estimated value of the intangible assets of the corresponding proportion; secondly, perform the characteristic convergence procedure S2, which uses the market characteristics to measure the estimated value of the intangible assets selected by the aforementioned risk convergence procedure S1, and select and retain the intangible assets that meet the market characteristics of the enterprise estimated value. After that, if the estimated value of the retained intangible assets is a single transaction, skip directly to the value determination procedure S4, and use the estimated value of the intangible assets to determine the value of the company's intangible assets, and if the estimated value of the retained intangible assets is plural , First execute the interval convergence procedure S3, measure the value interval of any two combinations of the retained plural intangible asset estimates, select the two intangible asset estimates that are closest to and not exceed the preset confidence interval, and then execute the value determination procedure S4: Determine the value of the company's intangible assets based on the estimated values of the two intangible assets; finally, a report output module 25 can output the risk and diagnosis conclusions of the company's intangible assets and the determined value of the intangible assets.

However, the content of the above description is only the description of the preferred embodiments of the present invention. Any changes, modifications, alterations or equivalent substitutions extended according to the technical means and scope of the present invention should also fall into the patent application of the present invention. Within range.

10‧‧‧Industry Data Database

S0‧‧‧Value calculation program

S1‧‧‧Risk Convergence Procedure

S11‧‧‧Sequencing program

S12‧‧‧Select program

S2‧‧‧Characteristic convergence program

S3‧‧‧Interval Convergence Program

S4‧‧‧Determining the value process

Claims (8)

A method of using risk ratings to determine the value of an enterprise or intangible assets is applied to an evaluation system to determine the value of an enterprise or intangible assets. The method includes: judging one of the risks of an object based on its financial data Rating, where the subject matter can be an enterprise or an intangible asset; multiple evaluation formulas are used to calculate multiple estimates based on the subject matter’s financial data, and the multiple estimates calculated above are sorted according to the numerical value. ; According to the ratio of the risk rating to the total grade and the reverse position, select the estimated value of the corresponding proportion of the plural estimated values after the above sorting; measure the estimated value selected above by market characteristics, filter and retain them The estimated value that meets the market characteristics of the subject matter; the value of the subject matter is determined by the above-mentioned retained estimated value. The method described in claim 1, wherein, in the process of determining the value of the subject matter by the estimated value of the reservation, if the estimated value of the reservation is a single transaction, the estimated value is used to determine the value of the subject matter Value, and if the retained estimate value is plural, then the value interval of any two combination of the retained plural estimate value is measured, and the two estimated values that are closest to and do not exceed a preset confidence interval are selected to determine the value. The value of the subject matter. The method according to claim 1 or 2, wherein the plurality of evaluation formulae are respectively evaluated according to the cost method, the income method or the market method. A system that uses risk rating to determine the value of an enterprise includes: a first input module for users to input financial data of an enterprise; an enterprise diagnostic module connected to the first input module for the An enterprise’s financial data judges one of the enterprise’s enterprise risk ratings; an enterprise evaluation module, which links the first input module and the enterprise diagnostic module, is used A plurality of enterprise evaluation formulas respectively calculate a plurality of enterprise estimates based on the financial data of the enterprise, and perform at least one risk convergence procedure and one characteristic convergence procedure to determine the value of the enterprise; among them, the risk convergence procedure is first based on the value Sort the multiple enterprise estimates calculated above, and select the enterprise estimate of the corresponding proportion of the multiple enterprise estimates after the above sorting according to the ratio of the enterprise's risk rating to the total level and the position reversely; The characteristic convergence procedure is to measure the estimated value of the enterprise selected by the aforementioned risk convergence procedure based on the market characteristic, and to screen and retain the enterprise estimate that meets the market characteristic of the enterprise. The system described in claim 4, wherein after the enterprise evaluation module executes the feature convergence procedure, if the retained enterprise estimate is a single transaction, the enterprise estimate is used to determine the value of the enterprise, if it is retained When the enterprise estimate value is plural, an interval convergence procedure is further implemented; the interval convergence procedure measures the value interval of any two combinations of the plural enterprise estimate values retained, and selects the closest and does not exceed a preset confidence interval Two enterprise estimates are used to determine the value of the enterprise. A system for determining enterprise value and intangible asset value by using risk ratings includes: a first input module for users to input financial data of an enterprise; and a second input module for users to input the Enterprise’s intangible asset data; an enterprise diagnostic module, linked to the first input module, used to judge one of the company’s corporate risk ratings based on the company’s financial data; an enterprise evaluation module, linked to the first input module The group and the enterprise diagnostic module use a plurality of enterprise evaluation formulas to respectively calculate a plurality of enterprise estimates based on the financial data of the enterprise, and perform at least one risk convergence procedure and a characteristic convergence procedure to determine the value of the enterprise; , The risk convergence procedure executed by the enterprise evaluation module is based on the high value Low-ranking the plural enterprise estimates calculated above, and according to the ratio of the company’s risk rating relative to the total grade and the high-low position, select the enterprise estimate value of the corresponding proportion of the plural enterprise estimates after the above-mentioned sorting ; The characteristic convergence procedure executed by the enterprise evaluation module is to measure the estimated value of the enterprise selected by the aforementioned risk convergence procedure based on market characteristics, and to screen and retain the enterprise estimated value that meets the enterprise market characteristics; an intangible asset diagnostic module, link The second input module and the enterprise diagnostic module are used to judge the risk rating of an intangible asset of the enterprise based on the financial data and intangible asset data of the enterprise; an intangible asset evaluation module is connected to the first input module , The second input module and the intangible asset diagnostic module use multiple intangible asset evaluation formulas to calculate multiple intangible asset estimates based on the company’s intangible asset data and financial data, and perform at least one risk convergence procedure And a characteristic convergence procedure to determine the value of the enterprise’s intangible assets; among them, the risk convergence procedure executed by the intangible asset evaluation module is to first sort the estimated values of the intangible assets calculated above according to the intangible asset evaluation module. The ratio of asset risk rating relative to the total level and the position of the intangible asset are reversed to select the intangible asset estimate value of the corresponding proportion of the plural intangible asset estimate values after the above sorting; the characteristic implemented by the intangible asset evaluation module converges The procedure uses market characteristics to measure the estimated value of intangible assets selected by the aforementioned risk convergence procedure, and selects and retains the estimated value of intangible assets that meet the market characteristics of intangible assets. The system described in claim 6, wherein after the enterprise evaluation module executes the feature convergence procedure, if the retained enterprise estimate is a single transaction, the enterprise estimate is used to determine the value of the enterprise. If retained When the enterprise estimate value is plural, an interval convergence procedure is further executed; the interval convergence procedure executed by the enterprise evaluation module is to measure the value interval of any two combinations of the plural enterprise estimate values retained, and select the closest and Not more than one pre-determined letter Relying on the two enterprise estimates in the interval to determine the value of the enterprise. The system described in claim 7, wherein after the intangible asset evaluation module executes the characteristic convergence procedure, if the estimated value of the retained intangible asset is a single transaction, the intangible asset of the enterprise is determined by the estimated value of the intangible asset If the estimated value of the retained intangible assets is plural, an interval convergence procedure is further executed; the interval convergence procedure executed by the intangible asset evaluation module is to measure any two combinations of the estimated value of the retained intangible assets Select the two estimated values of intangible assets that are closest to and do not exceed the preset confidence interval to determine the value of the intangible assets of the enterprise.

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