Equitization of state-owned company is a process of transforming the ownership of a enterprise from one to many owners, in order to improve the ability of mobilizing capital, innovating technology, altering management method, improving business efficiency and competition of economy. The facts have shown that equitization process of Vietnam has gained remarkable success. However, equitization of state-owned companies have faced difficulties and hinders. One of them is hard to measure the real value of companies, especially with forestry enterprises because the property of these companies include forest and land which are difficult to determine the value base on common methods. In order to solve these problems, the content of this article focuses on determining the valuation of EAHLEO-DAKLAK RUBBER limited Company, basing on property method. The result of the research is divided into two cases: The first one is hiring land with annual payment so the value of land is not including on company value. The second one is hiring land or transferring the right of using land, paying money in one time, thus the value of land is put into company value. Another purpose of the research is to propose some solutions for improving the valuation method in agriculture companies.