In today\\\\\\\'s highly competitive economic, intangible assets are creating value for productive companies, but challenges faces accounting standards about measuring and reporting these assets. Present study aims to analyze the intangible assets and market value relationship in Metals industry of Tehran Stock Exchange. Therefore, financial information of mentioned test case companies collected from year 2001 to 2011. Pooled/Panel regression method and F-Limer, Hausman and Levin Lin Chu tests used to analyze data. Test results showed that reported intangible assets have significant positive relation with market value in Tehran Stock Exchange as in Metals industry of Tehran Stock Exchange. It seems an increase in intangible assets leads to an increase in market value of company in this industry. Also, result shows that there is positive and meaningful relation between abnormal earnings and market value in Metals industry of Tehran Stock Exchange.

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