Abstract: The article explores the issue of assessing the effectiveness of capital formation at the enterprise level as a key process that determines the economic stability and strategic development prospects of business entities. It is shown that contemporary approaches to defining the essence and evaluating capital formation are diverse, characterized by terminological ambiguity and methodological fragmentation. The majority of existing methodologies are finance-centered, which limits their analytical relevance under post-industrial conditions, where intangible resources and non-financial factors increasingly shape enterprise capital value. The purpose of the study is to provide a scientific substantiation of current benchmarks for evaluating capital formation that are capable of integrating heterogeneous approaches into a systematic structure and creating a foundation for further development of methodological tools. The article proposes a systematization of existing evaluation logics within four dimensions: process-based, object-based, attributive, and managerial.

This approach enables the structuring of diverse methodological solutions and ensures their complementarity, paving the way for the development of a holistic conceptual framework. Particular attention is devoted to evaluation principles that constitute the methodological basis for analyzing the effectiveness of capital formation. Alongside classical principles of systemicity, multidimensionality, and value openness, new benchmarks are substantiated – prognostic relevance, algorithmic integrability, and scenario adaptability. These expand the research field, transforming evaluation from an instrument of retrospective diagnosis into a mechanism for anticipating enterprises’ future development trajectories. The value of the obtained results lies in combining the typologization of approaches with the formulation of innovative principles that meet the challenges of the data-driven economy. The practical significance of the study is defined by the possibility of applying the proposed conceptual framework within systems of strategic management, investment policy, non-financial reporting, and corporate controlling.