Education evaluation plays a key role in promoting education development. The sustainable concept of evaluation provides the basis for the sustainable development of education. Value-added evaluation makes up for the shortcomings of traditional evaluation that only focuses on the results. It takes the development of students and teachers and the improvement of the education system as the main variables of evaluation, providing a basis for the sustainable development of students. This study summarizes the origin and development of value-added evaluation, including its theoretical basis, value orientation, evaluation content and typical cases, and attempts to gain a deeper understanding of it through multiple evaluation methods. The research shows that the value-added evaluation showed a trend of more diversified evaluation indicators, diagnostic evaluation results, and emphasis on longitudinal analysis; value-added evaluation is based on the relative increase in value and emphasizes the “net increment” of students’ learning achievements; the content of value-added evaluation focuses on students’ academic achievements and teacher effect; the evaluation methods mainly include direct evaluation method, indirect investigation method and multivariate and hierarchical statistical method. This research has carried out a comprehensive analysis and interpretation of value-added evaluation to ensure the deep understanding and rational application of it.