Based on the basic data of 74 listed forestry companies from 2008 to 2019, considering the influence of different debt structures on financial flexibility, this paper constructs a financial flexibility measurement index system and model to measure the financial flexibility of listed forestry companies. Furthermore, this paper uses multiple linear regression to study the influence direction and strength of financial flexibility of forestry listed companies on enterprise value. The study found that the financial flexibility of listed forestry companies is generally low and the differences show an expanding trend in fluctuations. And the financial flexibility of forestry listed companies has a significant positive impact on enterprise value. In order to enhance the ability to resist risks, listed forestry companies should attach importance to the strategic position of financial flexibility and reserve financial flexibility reasonably.