We estimate the value of intangible capital across 77 countries through the valuation approach of a neoclassical model of investment with two heterogenous types of capital: physical capital (eg plants and machines) and intangible capital (eg brand name, stock of knowledge). We find that the neoclassical model of investment with these two inputs fits the data well for the major economies. In addition, we show that the good model fit is a consequence of the inclusion of intangible capital and country/region specific adjustment cost parameters. Finally, we find that intangible capital accounts for a large share of the market value of firms in all countries. The growth of intangible capital value is faster in the emerging economies such as China, but slower in the developed economies such as the United States. Our estimation result explains the geography of intangible investment premium, by inferring the latent parameter for intangible capital valuation.