Nowadays, knowledge and intellectual capital from the viewpoint of resource-based theory as a strategic resource is used to create and increase organizational values and the position of an organization depends on its ability to manage this scarce resource. The purpose of this paper is to investigate the relationship between intellectual capital, financial capital, the value of the company and creating value in the business cycle in order to implement strategic management leading to maintaining stability and also increasing the company's value. The sample consists of 728 year-company in the period 2007 to 2015. The statistical method used to test hypotheses is the ordinary least squares regression. In this study, the model of intellectual capital Pulic (2000) which its components include: The efficiency of capital employed, the efficiency of human capital and structural capital efficiency is used. From the perspective of value-based management and in compliance to ESP framework, Ohlson model (1995) is considered as a framework and integration of intellectual capital in order to assess the effects of the business cycle and the relationship between value of the company and financial capital and intellectual capital. The results indicate a significant positive relationship between financial capital, intellectual capital, the value of the company and creating value in the business cycle.