Sinaei. H (2010) the purpose of this research is determining and empirical testing of fundamental variables role in a collection of selected models of stock evaluation. In this research we are trying to test five regression models: economic value created (EVC), EBO simplified model, P/E model, P/S model and P/B model. In each model the effect of independent variables on dependent variable as well as the coefficient of determination (R2) and relative importance of each independent variable were tested empirically. The period of this research is three year from 2001 to 2004 and its statistical population is all companies listed in Tehran Stock Exchange (TSE) that their stock has been exchanged in the mentioned time period in TSE.