We takes the listed companies from 2010 to 2017 as a sample to study the influence of entrepreneurship on corporate valuation and its path mechanism. We found that entrepreneurship can effectively enhance corporate valuation, and this impact is only significant in private enterprises; This paper analyzes the path mechanism of different entrepreneurial spirits to the valuation of enterprises, and finds that analysts play an information intermediary role in the entrepreneurial spirit and innovation entrepreneurship and corporate valuation, while the strategic decision-making spirit and enterprise There is an information masking effect between the valuations. Further research found that the higher the degree of marketization is conducive to the enthusiasm of entrepreneurship, and strengthen the analyst mediation effect and ease its cover-up effect. It provides empirical evidence for how private listed companies should enhance their market value, and proposes corresponding policy recommendations to promote the development of entrepreneurship and its positive role.